Financial advice found in guide

By Eric Butler: Freedom New Mexico

At the end of a long, distinguished career in the military, those in
the service are practically experts on how to make a smooth transition
in moving across country or even to other countries.

But what about those just starting out?

Those in need of handy moving tips, whether young or old, can get
their hands on a publication called “Money & Mobility” — either in
paper form or on the internet. Published originally in 2006, the guide
covers a wide range of topics that invariably do come up for those
experiencing a Permanent Change of Station (PCS).

“This is, by far, our most distributed publication,” said John
Gannon, executive director of the FINRA Investor Education Foundation,
based in Washington D.C.. “We’ve distributed more than 600,000 copies.
You know, the military goes through a lot of duty station changes and
deployments. If they get their financial house in order, those
transitions to new duty stations are going to be a lot easier.”

At Cannon AFB, “Money & Mobility” is available through the Airmen & Family Readiness Center.

“It’s very good financial information and we have it for classes or
individual clients,” said Linda Sapp of the 76-page booklet.

“We have to remember that a sizeable portion of our population is
just starting out in their financial lives,” Sapp said. “So there’s
always more information that they need to know. Anything that we can
give them, that is unbiased, is in their best interest.”

Much of the information included in the publication involves
standard options for a variety of topics, whether one is in the
military or not. That includes weighing the choice of whether to buy or
rent a residence after moving, what’s involved in transferring children
to a new school, the variety of options when it comes to investments
and protecting oneself against identity theft.

Other topics have solutions that are uniquely military in nature.
What items the military will move to a new PCS is one such section in
“Money & Mobility.” Also included is the debate on whether to live
off-base or on-base, if the latter option is possible, as well as the
kind of paperwork necessary to move to a different base.

Though the booklet generally tries to provide readers with all of
the possible solutions, staying unbiased, the authors definitely steer
military members in certain directions.

Owning more than one major credit card, for instance, is frowned at
by the authors of “Money & Mobility,” as is trying to purchase a
new car or use rent-to-own stores to buy appliances like televisions.

When tempted to use a payday loan business for quick cash, the
publication asks the reader to consider military relief associations —
which are sometimes able to provide interest-free loans.

Sapp, whose father was in the military and who also married into the
military, said she’s moved “about a ba-jillion” times and wishes that
this kind of publication was around when she was younger.

“When my husband was young and active-duty, there was not the emphasis