Get Your Financial Bearing by Setting a Budget

Our incomes represent one of the most powerful resources at our disposal. How we manage our finances defines the direction of our lives, and the quality of our work and home experience.

Financial stress is a leading stressor in personal relationships. It can also harm your career.  Financial problems are the number one cause of security clearance headaches.  So it stands to reason that our finances need to be thoughtfully managed.

Budgeting is simply a planned system for allocating your income towards living expenses, debt payments, savings and investments.

Each New Year gives us an opportunity to refocus.   If your goal in 2013 includes prioritizing your finances into a healthy positive resource, there is no better way to start than from the ground up with a budget or spending plan.

Crafting a budget or spending plan that is in true alignment with realistic goals, expectations and what we earn will help us to:

  •  Live within our incomes
  • Realize personal goals
  • Maintain a good credit history
  • Get more for our money
  • Reduce financial stress and arguments
  • Achieve financial competence and confidence
  •  Keep our job and security clearance in tact

Although this list is not exhaustive, it speaks to the issues that are at the heart of financial readiness.

Last week we discussed what was necessary to fill out a spending plan. So how do we go about preparing a spending plan? The right tools and resources at our disposal and start the process with a visit to last week’s posting Declare Your Financial Independence in 2013.

Additionally service members can reaffirm their commitment to personal financial prudence by taking the Saver’s Pledge @

Find your motivation, keep the course and reap the benefits of financial success!

Websites for Consumers

Consumer Protection
Consumer Financial Protection Bureau:
Better Business Bureau:
Federal Trade Commission:

Financial Information and Counseling
Navy Fleet and Family Support:
Navy-Marine Corps Relief Society:
Military OneSource website:
Consumer Credit counseling:
FINRA Investor Education Foundation: 

Credit Reporting
Credit Reporting Agencies:,
Free annual credit report:  

Online Budgeting Tools

About the author:
Stacy Livingstone-Hoyte, AFC™ has served at the Fleet & Family Support Center, Millington, TN as a Financial Counselor since Nov 2009. She conducts one-on-one sessions, Command training, group workshops and other efforts designed to meet the “Mission Readiness” goal of the U.S. Armed Forces. Prior to government service she worked as a Financial Services Representative for several brokerage and insurance firms. As a military spouse, Ms Livingstone-Hoyte knows firsthand of the financial challenges and opportunities that face Military families across the globe. To that end, she embraces a steadfast belief that financial success can be simple, just not easy.


2 responses to “Get Your Financial Bearing by Setting a Budget

  1. Pingback: Thrift Savings Plan: Investing in Your Financial Future |

  2. Тhis site was… how do you say іt? Relevant!! Finally I have found something that helped me.
    Apƿreciate it!

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