As a military family, Permanent Change of Station (PCS) moves are an inevitable part of life. While exciting, they can also be financially challenging. In this comprehensive guide, we’ll break down the basics of PCSing and provide valuable insights to help you navigate the financial aspects of your next move.
Understanding PCS Allowances
Before diving into the financial strategies, it’s crucial to understand the various allowances available during a PCS move.Household Goods (HHG) Movement
The government covers the cost of moving your belongings, either through a government-arranged move or a Personally Procured Move (PPM, formerly known as a DITY move).Transportation of People and Vehicles
Within the U.S., you’re generally expected to drive. The government provides a Mileage Allowance in Lieu of Transportation (MALT) for authorized vehicles.Temporary Lodging Expense (TLE)
This covers hotel stays for up to 15 days, split between your old and new duty stations.Per Diem
A daily allowance for meals and incidentals during your travel days.Dislocation Allowance (DLA)
A lump sum payment to help offset various moving expenses.Financial Tips for a Successful PCS
Start with a Clear Understanding of Your Benefits
Attend PCS classes offered by your base to learn about all available allowances. Don’t miss out on thousands of dollars simply because you didn’t check a box!Create a PCS Budget
Factor in all potential expenses, including those not covered by allowances. Remember, some costs might pop up unexpectedly. Related: Why Military Couples Should Live Off One IncomePlan for Spouse Employment Changes
If you’re a military spouse, consider how the move will impact your job. Research unemployment benefits for military spouses in your state and start networking for opportunities at your new location.Make Smart Housing Decisions
If you own a home, carefully weigh the options of selling versus renting it out. Consider all associated costs, including property management and maintenance.Utilize Temporary Lodging Allowances
Take advantage of TLE to stay in hotels rather than sleeping on the floor of an empty house. This can make your transition more comfortable and potentially save you money on meals.Prepare a PCS Kit
Create a “camping box” with essential items like air mattresses, basic kitchen supplies, and flat sheets. This can save you money on rentals and make your temporary living situation more comfortable.Keep Detailed Records
Document all your expenses and keep receipts. This will be crucial for reimbursements and potential tax deductions.Wrapping Up PCSing Basics
PCSing can be a financial challenge, but with proper planning and knowledge of your benefits, you can navigate it successfully. Remember to stay flexible, as unexpected expenses may arise. By following these tips and leveraging all available resources, you can make your next PCS a smoother, more financially manageable experience. Remember, every PCS is an opportunity to refine your process. Learn from each move, and don’t hesitate to seek advice from fellow military families who’ve been through it before. With the right preparation, you can turn the challenge of PCSing into a chance for financial growth and new adventures.Episode Resources
- KateHorrell.com
- Military Family’s Confidently Prepared™️ Life Binder
- How to send an American Red Cross message
- Little Women by Louisa May Allcott
