Navigating Finance at Hurlburt Field, Florida

Hurlburt Field, home to Air Force Special Operations Command (AFSOC), presents unique financial considerations for its personnel and their families. Understanding the resources and services available is crucial for maintaining financial well-being during your assignment.

Key Financial Resources

Airman & Family Readiness Center (A&FRC): The A&FRC is your primary resource for financial counseling and education. They offer workshops on budgeting, debt management, credit repair, investing, and retirement planning. Schedule individual consultations to receive personalized advice tailored to your specific situation. They also administer the Air Force Aid Society (AFAS) programs, providing emergency financial assistance when needed.

Military Saves: Hurlburt Field participates in the Military Saves program, encouraging service members to save regularly and build wealth. This program offers tools, resources, and motivation to help you achieve your financial goals, whether it’s paying down debt, building an emergency fund, or saving for retirement.

Thrift Savings Plan (TSP): The TSP is a retirement savings and investment plan for federal employees, including military members. Take advantage of this valuable benefit by contributing regularly, especially if you’re eligible for matching contributions. The A&FRC can provide guidance on choosing appropriate investment options based on your risk tolerance and financial goals.

Financial Institutions: Several banks and credit unions serve the Hurlburt Field community. Consider your banking needs and compare fees, interest rates, and services offered by different institutions. Many offer specialized accounts and loan products designed for military members.

Specific Financial Considerations

Special Duty Pay & Allowances: Given the specialized nature of AFSOC, many personnel at Hurlburt Field may be eligible for various special duty pays and allowances. Understand the specific requirements and documentation needed to claim these entitlements. Consult with your finance office or supervisor for clarification.

Housing Costs: The cost of living in the Fort Walton Beach area can be significant. Carefully evaluate your housing options, including on-base housing, rental properties, and homeownership. Consider the implications of BAH (Basic Allowance for Housing) and potential out-of-pocket expenses.

Deployment Financial Planning: Deployments are common at Hurlburt Field. Prepare financially by establishing a budget, automating bill payments, and ensuring your family has access to necessary funds and information. The A&FRC offers pre-deployment financial briefings to assist with these preparations.

Seeking Assistance

Don’t hesitate to seek assistance from the available resources. Proactive financial planning can prevent problems and help you achieve your long-term financial goals. The A&FRC, your chain of command, and trusted financial advisors are all valuable sources of support. Avoid predatory lending practices and always seek unbiased advice.