Edition of June 5, 2013

11 Days of Furlough:a $ Planning Calendar

“plan your use of available time and money”

a presentation from Army Community Service (ACS) of

USAG Rock Island Arsenal

“Uncle Jon” Cook• Survivor Outreach Services – Financial Counselor• Financial Readiness Program

• Personal Financial Management (PFM) Specialist

• Accredited Financial Counselor (AFC) from AFCPE

• Army Emergency Relief (AER)• Notary Public

• Employment Readiness Program • Military Spouse Employment Program (MSEP) • (Former) Professional in Human Resources (PHR) &

(Former) Certified Workforce Development Professional (CWDP)

(309) 782 - 0815 1 – 877 – 882 – 0523jon.c.cook.civ @ mail. mil

www. riamwr. com / acs / financial-readiness

Bottom Line Up Front (BLUF)

Prioritize expenses with each of your 6 reduced pay checks.

Purposes

To enable DoD Civilian Employees to:• Plan their use of available time.• Consider the personal financial management aspects of the

furlough.• Note how the dates, days and months are arranged.

Scope and Limitations

• Assumes that DoD proceeds and continues with an 11 day furlough starting the week of July 8, 2013.

• Each organization and employee is impacted differently.

www. military saves. org

Ready Army is the Army’s proactive campaign to increase the resilience of the Army community and enhance the readiness of the force …

http://readyarmy.ria.army.mil

By the Numbers #

11 furlough days

11 week spread

6 pay periods and paychecks impacted

1st paycheck -10%

2nd thru 6th paychecks -20%

4 months impacted

3 paydays in October

_# weeks left to save $_ for the furlough

Sun Mon Tue Wed Thur Fri Sat

1 2 3 4 5 6

7 Furloughs Begin

8WK #1

9 10 11Pay Day 0

12 13

14 15WK #2

16 17 18 19LES 1

20

21 22 WK #3

23 24 25Pay Day 1

26 27

28 29WK #4

30 31

July 2013

July 25 - #1First reduced pay check: 1 furlough day = -10%

July 11Last full paycheck;

Last chance to save!

The “Little 10%” Shock

Sun Mon Tue Wed Thur Fri Sat

WK #41 2

LES 23

4 5WK #5

6 7 8Pay Day 2

9 10

11 12WK #6

13 14 15 16 17

18 19WK #7

20 21 22Pay Day 3

23 24

25 26WK #8

27 28 29 30 31

August 2013 August 8 - #2Second reduced pay check:

2 furlough days = -20%

Pay days 2 & 3 = -20%

The “Big 20%” Shock

Sun Mon Tue Wed Thur Fri Sat

1 2WK #9

3 4 5Pay Day 4

6 7

8 9WK #10

10 11 12 13 14

15 16WK #11

17 18 19Pay Day 5

20 21 (hopefully)Furloughs end

22 23 24 25 26 27 28

29 30 End of FY 13

Oct 1 Oct 2 Oct 3Pay Day 6

Oct 4 Oct 5

September 2013

Oct 3 - #6 Last reduced pay check

Pay days 4, 5 & 6 = -20%

Any furlough catch-up days?

Sun Mon Tue Wed Thur Fri Sat

1 2 3Pay Day 6

4 5

6 Full Pay Period

7 8 9 10 11Full LES

12

13 14 15 16 17 Pay Day

18 19

20 Full Pay Period

21 22 23 24 25 26

27 28 29 30 31 Pay Day

October 2013

Oct 17 Regular, full pay check

Pay Day 6 = -20%

Oct 3 - #6 Last reduced pay check

Extra Pay Day

in Oct!

MS Excel Spreadsheets and Worksheets

Money Allocation Plan ($ MAP) [budget] in Weekly Bands

www.riamwr.com/acs/financial-readiness/

(309) 782 – 0815 jon.c.cook.civ @ mail. mil