Budget time for Military Saves Week starting March 4

Kirstin Davy, transitions coordinator, FFSC

Kirstin Davy, transitions coordinator, FFSC

Are you financially on track?

It’s a question we should all be asking ourselves, and during this uncertain economy, it is imperative that we answer as honestly as we can.

The sad reality is that most of us have not taken the necessary steps to ensure our long-term financial well-being. In some cases, it’s even difficult to be sure of our short-term financial stability.

However, there are precautions we can take to ensure we are going in the right direction with our money. Do you think it might be time to make some changes in order to be better prepared for the future?

One of the greatest threats to overall mission readiness is consistently making bad decisions with our personal finances. The Navy has recognized this as a career-threatening issue and has been vigilant in instituting measures to enhance personal financial education and management skills.

The implementation of the “Military Saves Campaign” is one of those measures.

Each year, the Department of Defense designates the last week of February as Military Saves Week — although this year, because of security exercises, Naval Base Ventura County (NBVC) is recognizing the week March 4-8.

An event called the “NBVC Poker Run” will take place as a collaborative effort between financial institutions on base, command financial specialists and key administrative departments — including the Fleet & Family Support Center (FFSC) and Navy-Marine Corps Relief Society (NMCRS). Participating personnel will maneuver from department to department, pulling their credit reports, completing a spending plan and carrying out other personal financial projects. Each project earns them a playing card so they can build a competitive “poker hand.” Prizes will go to those who build the strongest hand.

Military Saves Week is the kickoff of the yearlong Military Saves Campaign, which is designed to help Sailors and their families build wealth and reduce debt while planning for retirement. Ultimately, the goal is to build personal savings, which will provide for immediate and long-term financial needs.

The theme for the 2013 campaign is “Set a Goal, Make a Plan, Save Automatically.” Strategies include paying off high-interest debt, saving for emergencies and saving monthly through direct deposit or an automatic transfer from checking to savings.

Commands will hold kickoff events Monday, March 4.

If you have any questions about this event, please contact a financial counselor at the Port Hueneme FFSC, 982-5325, or at the Point Mugu FFSC, 989-8844.

— Kirstin Davy is a financial educator with the Fleet & Family Support Center at Naval Base Ventura County.

© 2013 Ventura County Star. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Commanding Officer

CAPT. LARRY VASQUEZ

Chief Staff Officer

CAPT. SCOTT LOESCHKE

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ANDREA HOWRY, 805-989-5281

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KIMBERLY GEARHART
Ventura County Star - 805-437-0000

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MARGIE COCHRANE, Ventura County Star

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The Lighthouse publishes every other Thursday. All stories and photos must be submitted no later than the Thursday prior to publication. To submit a story or photo request, call the Lighthouse editor, Andrea Howry, at 989-5281 or send an e-mail to lighthouse@navy.mil.
THE LIGHTHOUSE IS PUBLISHED AT NO COST TO THE GOVERNMENT EVERY FRIDAY BY VENTURA COUNTY STAR, OF CAMARILLO, CA. VENTURA COUNTY STAR IS A PRIVATE FIRM IN NO WAY CONNECTED WITH THE DEPARTMENT OF DEFENSE OR THE UNITED STATES NAVY, UNDER WRITTEN CONTRACT WITH NAVAL BASE VENTURA COUNTY. THE LIGHTHOUSE IS THE ONLY AUTHORIZED CIVILIAN ENTERPRISE NEWSPAPER FOR MEMBERS OF THE U.S. NAVY, CIVILIAN EMPLOYEES, RETIREES AND THEIR FAMILY MEMBERS IN THE VENTURA COUNTY AREA. CONTENTS OF THE PAPER ARE NOT NECESSARILY THE OFFICIAL VIEWS OF, NOR ENDORSED BY, THE U.S. GOVERNMENT, AND THE DEPARTMENT OF DEFENSE, OR THE DEPARTMENT OF THE NAVY AND DO NOT IMPLY ENDORSEMENT THEREOF. THE APPEARANCE OF ADVERTISING IN THIS PUBLICATION INCLUDING INSERTS AND SUPPLEMENTS, DOES NOT CONSTITUTE ENDORSEMENT OF THE DEPARTMENT OF DEFENSE, THE U.S. NAVY OR VENTURA COUNTY STAR, OF THE PRODUCTS OR SERVICES ADVERTISED. EVERYTHING ADVERTISED IN THIS PUBLICATION SHALL BE MADE AVAILABLE FOR PURCHASE, USE OR PATRONAGE WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, AGE, MARITAL STATUS, PHYSICAL HANDICAP, POLITICAL AFFILIATION, OR ANY OTHER NON-MERIT FACTOR OF THE PURCHASER, USE, OR PATRON. IF A VIOLATION OR REJECTION OF THIS EQUAL OPPORTUNITY POLICY BY AN ADVERTISER IS CONFIRMED, THE PUBLISHER SHALL REFUSE TO PRINT ADVERTISING FROM THAT SOURCE UNTIL THE VIOLATION IS CORRECTED. EDITORIAL CONTENT IS EDITED, PREPARED AND PROVIDED TO THE PUBLISHER BY THE LOCAL INSTALLATION PUBLIC AFFAIRS OFFICES UNDER THE AUSPICES OF THE NAVAL BASE VENTURA COUNTY PUBLIC AFFAIRS OFFICE.
NSWC Port Hueneme and representatives from eight allied, international navies joined forces on April 7 to establish a unified strategic plan for modernizing and sustaining the MK 41 Vertical Launching System (VLS) on a global scale, yielding enhanced worldwide fleet readiness and collective maritime strength against ever-evolving threats.
Thursday, April 10, 2014
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