Money Flashcards
Monthly Income
Base Pay
Rent Money
Food Money
Unit Training Income
Pay Increases
Annual cost of living increase
Promotion Increase
Seniority Increases
Membership Perks
VA home loans Base Exchange Commissary Civilian business discounts Clothing Allowance
Base Pay
- Salary Comparable to civilian salary
- Pay deposited directly to bank account 2x’s monthly
Rent Money
- Single members: receive this in-kind, provided an Aerospace Dormitory room
- -Aerospace Dormitories, similar to a two person efficiency or studio apartment or college dormitory
- Married or with dependents: Basic Allowance for Housing (BAH) based on location, dependency status, & rank
Food Money
- Single members: Aerospace Dining Facilities provided
- -3 square meals a day for FREE
- -Home style cooking
- -Similar to civilian cafeterias
- Married/With Dependents: Basic Allowance for Substance (BAS) specific dollar amount per month, tax-free
- *UTA meals provided
**Unit Training Income
- 1 day’s pay per 4 training hours
- -4 day’s pay for 2 day’s of work
Annual cost of living increase
- Authorized by Congress
- Addition to any other pay increases
- Average increase of 2-4%
Promotion Increase
-Promotions are typically more frequent than the civilian market
Seniority Increases
- Retention in service increases pay
- Guaranteed pay increases in first 4 years and every 2 years thereafter until max
VA home loans
- Eligible after 90 days of continuous active duty
* *Eligible after 6 credible years
Base Exchange
- Name brand items at a lower price
- Available to active-duty retired personnel, National Guard members, Medal of Honor recipients, honorably discharged veterans rated at 100% disabled, and dependents
- On-line shopping: Shopmyexchange.com
Commissary
- Local supermarket
- *Reserve/Guard units with 150 members + can host a Commissary Case Lot Sale where commissaries aren’t conveniently located
- -Bulk items sold at unit at deep discounted prices
Civilian business discounts
- Discounts for military within local community available
- Supportive businesses within local community could be restaurants, stores, movie theaters, travel, events and many more
Clothing Allowance
-Allowance is not intended to replace every item in the military wardrobe each year