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News - 2011
Financial Preparedness, Best Holiday Gift 

By Mass Communication Specialist 1st Class (AW) LaTunya Howard, Navy Personnel Command Public Affairs Office

MILLINGTON, Tenn. -- With the gift-giving season upon us, Navy personal finance management specialists are advising Sailors to spend wisely. 

“In order to accomplish any financial goals, even holiday spending, the simplest thing we can do is budget, budget, budget and have a written spending plan,” said Stacy Livingstone-Hoyte, Fleet and Family Support Center (FFSC) financial educator, Naval Support Activity Mid-South.  “That’s the foundation for financial stability.” 

According to Hoyte, a written spending plan can keep many Sailors from extending beyond their means.  “Knowing where you stand financially; how much money is coming into the household, how much is needed for expenses, provides a realistic view of what that family can spend for the holiday season.”

Sailors, Navy-wide can receive personal financial counseling and wealth-building guidance through their local FFSC or their command financial specialist.  Military One-Source and Navy Marine Corps Relief are additional resources.   

 “It’s unfortunate that our services are under-utilized,” said Hoyte.  “The services we provide as financial specialist would easily cost around $300.00 to a Sailor seeking assistance from a non-military source.” 

Hoyte also said “Sailors using credit cards to fund their holiday should consider how they intent to re-pay that debt.  The financial educator quoted John L. Beckley saying, “Most people don't plan to fail: they fail to plan.” 

More personal finance information is available on NKO.  Sailors can also visit Navy Personnel Command (NPC) website.
If you need further assistance, contact NPC at 1-866-U-ASK-NPC (827-5672) or visit the website at


NAVY PERSONNEL COMMAND: 5720 Integrity Drive, Millington TN 38055-0000 
Comments? Suggestions? Call 866-U-ASK-NPC or Email the Webmaster | Updated:1/4/2012 3:52 PM 

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