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NAVADMIN 045/11

MSGID/GENADMIN/CNO
WASHINGTON DC/N1/FEB//

SUBJ/FAMILYGRAM 01-11 FAMILY FINANCES//

RMKS/1.  THIS FAMILYGRAM IS THE TENTH IN A SERIES DESIGNED TO PROVIDE 
INFORMATION ON SUPPORT SERVICES, ASSISTANCE, AND ENTITLEMENTS AVAILABLE TO 
NAVY FAMILIES.  THIS MONTH 'S FOCUS IS ON SAILOR AND FAMILY FINANCES.  THE 
AFTERMATH OF THE HOLIDAYS AND THE  START OF A NEW YEAR PRESENTS AN OPPORTUNITY 
FOR FAMILIES TO FOCUS ON THEIR PERSONAL FINANCES BY TAKING CONTROL OF THEIR 
FINANCIAL FUTURE, BETTER MANAGEMENT OF THEIR MONEY, ESTABLISHING A PLAN FOR 
PAYING OFF HOLIDAY OR OTHER DEBT, SAVING FOR A MAJOR PURCHASE, PLANNING FOR 
RETIREMENT OR PREPARING FOR TAX TIME.  NAVY'S PERSONAL FINANCIAL MANAGEMENT 
PROGRAM HAS THE INFORMATION, TOOLS AND TIPS TO SUPPORT YOU AND YOUR FAMILY IN 
REACHING BOTH SHORT AND LONG-TERM FINANCIAL GOALS.

2.  AS A MILITARY MEMBER, YOU AND YOUR FAMILY HAVE ACCESS TO SEVERAL VALUABLE 
FINANCIAL RESOURCES, SUPPORT SERVICES AND PROGRAMS:
    A.  "MILITARY SAVES" REPRESENTS AN OPPORTUNITY FOR SERVICE
    MEMBERS TO ENCOURAGE, MOTIVATE, AND
EDUCATE THEMSELVES AND THEIR FAMILY ON HOW TO SAVE.  PLEASE WATCH FOR MORE 
INFORMATION ON THE UPCOMING "MILITARY SAVES" WEEK SCHEDULED FROM 20-27 
FEBRUARY 2011.  MAKE A SAVINGS PLEDGE AT WWW.MILITARYSAVES.ORG.
    B.  THE THRIFT SAVINGS PLAN (TSP) EXISTS TO PROVIDE AN EASY
    AND CONVENIENT WAY FOR SAILORS AND
THEIR FAMILIES TO AUTOMATICALLY AND REGULARLY SAVE AND INVEST FOR THE FUTURE.  
SAILORS HAVE LONG RECOGNIZED THE VALUE OF THIS EXCELLENT BENEFIT WITH 56 
PERCENT PARTICIPATING IN THE TSP.  IF YOU ARE NOT ENROLLED, YOU ARE HIGHLY 
ENCOURAGED TO DO SO AND IF YOU ARE IN TSP, CONSIDER INCREASING THE AMOUNT YOU 
CONTRIBUTE; EVEN A SMALL INCREASE PER MONTH CAN YIELD THOUSANDS OF MORE 
DOLLARS IN THE FUTURE.  FOR MORE INFORMATION ON TSP SEE YOUR COMMAND FINANCIAL 
SPECIALIST, FLEET AND FAMILY SUPPORT CENTER FINANCIAL COUNSELOR, OR VISIT THE 
TSP WEBSITE AT HTTP://WWW .TSP.GOV.
    C.  MILITARY ONESOURCE PROVIDES SERVICE MEMBERS AND THEIR
    FAMILIES FREE NEWSLETTERS, WEBINARS, FINANCIAL PLANNING ASSISTANCE AND A 
VARIETY OF EDUCATIONAL MATERIALS THAT ARE CUSTOMIZED TO MEET YOUR UNIQUE 
NEEDS.  GO TO HTTP://WWW.MILITARYONESOURCE.COM/MOS/NAVY
.ASPX AND CLICK ON THE "FIND
INFORMATION" TAB; CHECK OUT THE TOPICS IN THE "FINANCIAL AND LEGAL"
SECTION.
    D.  THE NAVY'S FLEET AND FAMILY SUPPORT CENTERS OFFER A WIDE
    RANGE OF PERSONAL FINANCIAL
MANAGEMENT CLASSES AND SEMINARS FOR SERVICE MEMBERS AND THEIR FAMILIES.  THEY 
ALSO HAVE ACCREDITED FINANCIAL COUNSELORS AND FINANCIAL EDUCATORS, AVAILABLE 
AT NO COST, THAT OFFER INDIVIDUAL AND CONFIDENTIAL HELP YOU AND YOUR FAMILY 
CAN USE IN REDUCING DEBTS AND WORKING WITH CREDITORS, MAKING AND ANALYZING A 
BUDGET, AND ESTABLISHING A PLAN FOR SAVING AND INVESTING TO REACH YOUR GOALS 
VISIT WWW.FFSP.NAVY.MIL FOR MORE INFORMATION 3.  TAX SEASON IS HERE.  THE 
DEADLINE FOR FILING IS 18 APRIL 2011.  SAILORS AND THEIR FAMILIES, WORLDWIDE, 
CAN RECEIVE FREE TAX ADVICE, TAX PREPARATION, AND RELATED ASSISTANCE THROUGH 
THEIR LOCAL VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM.  VITA VOLUNTEERS 
ARE SPECIALLY TRAINED AND EQUIPPED TO HELP YOU AND YOUR FAMILY WITH YOUR TAXES 
(INCLUDING MILITARY SPECIFIC TAX ISSUES, SUCH AS COMBAT ZONE TAX BENEFITS, 
ETC).  NAVADMIN 415/10 PROVIDES 2011 VOLUNTEER INCOME TAX ASSISTANCE 
(VITA)/ELECTRONIC TAX FILING (ELF) POLICY AND PROGRAM GUIDANCE.  MORE 
INFORMATION FOR THE MILITARY TAX FILER CAN BE FOUND ON THE IRS WEBSITE BY 
SELECTING THE "INDIVIDUALS" TAB AND THEN THE "MILITARY"
TAB AT HTTP://WWW.IRS.GOV/INDIVIDUALS.  ANOTHER GOOD SOURCE IS IRS PUBLICATION 
17 (2010), "YOUR FEDERAL INCOME TAX," WHICH CAN BE FOUND AT HTTP://WWW.IRS.GOV 
/PUBLICATIONS.  MILITARY ONESOURCE IS ONCE AGAIN PROVIDING CUSTOMIZED TAX 
PREPARATION AND FILING SERVICES THROUGH THEIR WEBSITE AT 
HTTP://WWW.MILITARYONESOURCE.COM.  CLICK ON THE "TAX FILING SERVICES"
TAB.

4.  RETAIL SHOPPING BENEFITS.
    A.  YOUR LOCAL COMMISSARY.  THE DEFENSE COMMISSARY AGENCY
    (DECA) OPERATES A WORLDWIDE CHAIN OF COMMISSARIES PROVIDING GROCERIES TO 
MILITARY PERSONNEL, RETIREES AND THEIR FAMILIES.  AUTHORIZED PATRONS PURCHASE 
ITEMS AT COST PLUS A FIVE PERCENT SURCHARGE TO COVER THE COST OF BUILDING NEW 
COMMISSARIES AND MODERNIZING EXISTING ONES.  SHOPPERS SAVE AN AVERAGE OF MORE 
THAN 30 PERCENT ON THEIR PURCHASES COMPARED TO COMMERCIAL PRICES - SAVINGS 
WORTH MORE THAN $4,400 ANNUALLY FOR A FAMILY OF FOUR.  TO FIND OUT MORE ABOUT 
WHAT'S IN STORE AT YOUR COMMISSARY, VISIT WWW.COMMISSARIES.COM.
IN ADDITION TO INFORMATION ABOUT YOUR NEAREST COMMISSARY SUCH AS SHOPPING 
HOURS, SPECIALS AND MORE THIS WEBSITE ALSO PROVIDES INFORMATION ABOUT THE 
LATEST PROMOTIONS, THE DATES AND LOCATIONS OF UPCOMING GUARD-RESERVE ON-SITE 
SALES, CASE LOT SALES, INFORMATION ON NUTRITION THROUGH THE "ASK THE DIETITIAN 
COLUMN," AND TASTY RECIPES AND HEALTHY LIVING THROUGH "KAY 'S KITCHEN."
    B.  NAVY EXCHANGE (NEX).  IN 2011, THE NEX WILL CELEBRATE 65
    YEARS OF PROUD SERVICE TO MILITARY
FAMILIES WORLDWIDE.  TO HELP COMMEMORATE THE ANNIVERSARY, A VARIETY OF 
EXCITING EVENTS ARE PLANNED THROUGHOUT THE YEAR, INCLUDING SWEEPSTAKES, 
SPECIAL SALES AND OFFERINGS, AND IN-STORE CELEBRATIONS.
WHILE THE LOOK OF THE NEX MAY HAVE CHANGED OVER THE YEARS, THE MISSION AND 
COMMITMENT TO SERVICE HAS NOT.  THE NEX CONTINUES TO PROVIDE SAILORS AND 
FAMILIES WITH HIGH -QUALITY GOODS AND SERVICES AT AN AVERAGE SAVINGS OF 22 
PERCENT.  AT THE SAME TIME, NEX ALSO SUPPORTS NAVY QUALITY OF LIFE PROGRAMS BY 
PROUDLY DISTRIBUTING 70 PERCENT OF ITS PROFITS TO YOUR NAVY MORALE, WELFARE 
AND RECREATION (MWR) PROGRAMS AND SERVICES; IN 2009, THE NEX GAVE OVER
$51 MILLION TO MWR.  AUTHORIZED
PATRONS OF THE NEX CAN NOW TAKE ADVANTAGE OF THESE BENEFITS WORLDWIDE BY 
SHOPPING ONLINE VIA THE WEB-BASED NEX STORE AT HTTPS://WWW.MYNAVYEXCHANGE.COM.  
THE NEW WEB STORE FEATURES A VARIETY OF MERCHANDISE INCLUDING ELECTRONICS, 
BABY ITEMS, HOME ELECTRONICS, NAVY UNIFORMS, NAVY PRIDE ITEMS, WATCHES, 
SUNGLASSES AND MORE.  AS AN ADDED BENEFIT, ITEMS CAN BE SHIPPED TO OVERSEAS 
FPO/APO ADDRESSES.  CUSTOMERS PAY THE SAME PRICE ONLINE AS THEY WOULD FIND IN 
A NEX AND ARE NOT CHARGED SALES TAX.

5.  POINT OF CONTACT:  MS. BETTY TALLEY, OPNAV N135F, AT (901) 874 -4299/DSN 
882, OR VIA E-MAIL AT betty.talley@navy.mil.

6.  RELEASED BY VADM MARK FERGUSON, N1.// BT
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