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News - 2011
Financial Responsibility: Pro-active or Reactive 

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

MILLINGTON, Tenn. —With the holiday season behind us, the beginning of a new year is an excellent time for Sailors to review their financial plan, said a Navy financial specialist, Jan. 5. 
“Far too many Sailors react to their spending rather than being proactive by planning ahead,” said Chief Yeoman Shahana Ledee, Navy Personnel Command (NPC) command financial specialist.  “A financial review should be at the top of the new year’s resolutions.”

According to Ledee, financial planning is key to good fiscal health.  Sailors should consider using a budget worksheet to account for all income and expenses for their household.  Investments, retirement savings, entertainment, travel and unexpected incidents are items often excluded from family planning. 

“Debt elimination can be accomplished faster with written short and long-term goals,” said Ledee.  “Hold yourself accountable by tracking your spending.  You’ll minimize impulse buying and possibly have more to save or invest. 

When considering a major purchase, Ledee reminds Sailors to consider all expenses associated.

“Purchasing a vehicle involves more than making its payment,” said Ledee.  Sailors must factor in maintenance, repairs, insurance and any additional cost associated with driving the vehicle.  If you’re interested in buying a home, be realistic about what you can afford, as it also involves more than making a payment.  Consider the cost of utilities, property taxes, homeowner fees, insurance and any additional costs that will be required each month.

“Sailors should also keep in mind that poor fiscal health can cost more than money, it can cost their career,” said Ledee.  “Many individuals who lose their security clearance do so due to poor fiscal health.  There are numerous free resources available to help us reduce that statistic.”

Military OneSource at provides free financial assistance for service members and their families.  The “Money Management” section of the website features financial information and resources that can help service members with estate planning, credit and collections, budgeting, saving and investing and taxes.
Military OneSource web site also offers free federal and state tax preparation and filing assistance.

For more information on financial planning, budgeting or investing contact the command financial specialist, or call NPC customer service center at 1-866-U-ASK-NPC or email


NAVY PERSONNEL COMMAND: 5720 Integrity Drive, Millington TN 38055-0000 
Comments? Suggestions? Call 866-U-ASK-NPC or Email the Webmaster | Updated:1/19/2012 1:50 PM 

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