You are ready to transition. You have spent your days editing your cover letter and resume to perfection. You have done more mock interviews than you can count. Your LinkedIn profile is polished, and you have built a strong network during your time in the Marine Corps. You should be able to find a job in no time. Right?
Even with careful preparation there is no guarantee you will land your dream job right away. It might take time to find employment, or you may end up underemployed. What will you do if your salary does not cover your expenses or you need to rely on unemployment compensation benefits for a period of time? In the event that things don’t go to plan are you prepared to cover all of your financial needs?
You learned about the importance of a personal financial plan during the Transition Readiness Seminar; now is the time to put it into practice.
You need to be realistic about your future plans. The first step in creating a personal financial plan is finding answers to some tough questions. Things to consider:
Who can help?
Installation Personal Financial Management Specialists (PFMs) can help you answer all of these questions and more. They can offer advice on how to increase your savings, decrease your expenses and debt; invest in your future, and assist you with creating a post-service spending plan as a tool to track your financial progress. PFMs will help you set short and long term financial goals and figure out a plan to achieve them.
Schedule an appointment today with your PFM today and make sure you’re not ‘short-changed’ during your transition. Want to learn more? Click here to locate a Personal Financial Management Specialist near you.
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