Money Flashcards

1
Q

Monthly Income

A

Base Pay
Rent Money
Food Money
Unit Training Income

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2
Q

Pay Increases

A

Annual cost of living increase
Promotion Increase
Seniority Increases

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3
Q

Membership Perks

A
VA home loans
Base Exchange
Commissary
Civilian business discounts
Clothing Allowance
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4
Q

Base Pay

A
  • Salary Comparable to civilian salary

- Pay deposited directly to bank account 2x’s monthly

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5
Q

Rent Money

A
  • 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
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6
Q

Food Money

A
  • 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
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7
Q

**Unit Training Income

A
  • 1 day’s pay per 4 training hours

- -4 day’s pay for 2 day’s of work

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8
Q

Annual cost of living increase

A
  • Authorized by Congress
  • Addition to any other pay increases
  • Average increase of 2-4%
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9
Q

Promotion Increase

A

-Promotions are typically more frequent than the civilian market

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10
Q

Seniority Increases

A
  • Retention in service increases pay

- Guaranteed pay increases in first 4 years and every 2 years thereafter until max

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11
Q

VA home loans

A
  • Eligible after 90 days of continuous active duty

* *Eligible after 6 credible years

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12
Q

Base Exchange

A
  • 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
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13
Q

Commissary

A
  • 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
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14
Q

Civilian business discounts

A
  • Discounts for military within local community available
  • Supportive businesses within local community could be restaurants, stores, movie theaters, travel, events and many more
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15
Q

Clothing Allowance

A

-Allowance is not intended to replace every item in the military wardrobe each year

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