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**UPDATE 4/26/2022** Effective with the May 6, 2022 PIR 4 guests will be allowed.  Still must be fully vaccinated to attend.

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In light of observed changes and impact of the Coronavirus Delta Variant and out of an abundance of caution for our recruits, Sailors, staff, and guests, Recruit Training Command is restricting Pass-in-Review (recruit graduation) to ONLY fully immunized guests (14-days post final COVID vaccination dose).  

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Maybe it's just me, but does anyone have concerns about how their child spends money? Have they gotten their paystub yet. Help. Do I just let him spend spend spend or whay?

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The Navy offers and even requires, financial counseling and savings plans. Many young sailors blow through their disposable income initially. That's okay.they are adults. He will eventually figure it out.

No pay stubs, it is all online, password protected. Only the service member is supposed to access that site.

CryptoDad, your daughter is a very responsible adult. Unfortunately not every adult in the Navy (or other branch of the military) or in the civilian world is as responsible as she is. I have two children and how they approach finances is very different from each other.

bmt :)

We have had multiple conversations with our SR regarding spending, financial planning and making good financial decisions. I think any young person who all of the sudden has some disposable income is going to spend in ways we may not agree with. But, keep the conversation about fiscal responsibility alive and eventually they start to listen. 

Also, I think they have a class this week at basic training about finances. 

Yes, some Sailors do have problems with spending money and find themselves thousands of dollars in debt. It is more of a problem for those who are stationed on land than for those who are stationed with a vessel because it's hard to spend money when you are underway. The Navy does have finance classes both at boot camp and in many "A" Schools, but having the freedom to spend money is too much of a temptation for some (my Sailor included). Your son is an adult, so you have to treat him as one. It was hard for me, but I quit rescuing my Sailor and am no longer on any of his accounts. He had an account that I had access to that he was to use only for emergencies, but his idea of an emergency and my idea of an emergency were two different things. I do make loans and sometimes gifts, but it is my choice and I have said no to some things and he figured out something else and has to live with the choices he has made. You can make suggestions to your son, but don't keep on him about it because he will need to come to the decision about his finances on his own.

The Page, When Will the Recruits be Paid? and Information for Spouses, has information on the pay that you may find helpful.

Check your My Page.

The military does a very poor job of teaching soldiers and sailors how to handle their money. How do I know this? I went onto an air force base to teach a class on investing and it was very apparent these airmen and women had no idea what I was talking about (and I kept it extremely simple. using hand gestures and everything).

I know when my son signed all his initial paperwork, he got very poor financial advice. He bought a large insurance policy on himself naming his parents as beneficiaries, then put his investment plan into nothing but the GIC option. While I appreciated his naming us if anything were to happen to him, it was certainly not necessary and I would have much preferred he put that extra money towards his retirement. As to his retirement plan, I looked over it and noticed he was invested way too conservatively. When I point this out to him and suggested he change it, he assured me the advisor on base recommended this as the best plan to choose (which was a horrible idea for a 19 year old).

As to the next concern, there are plenty of companies near the bases that work hard for the opportunity to steal money from our sailors. My son bought a motorcycle near the San Diego base. Had it for about 3 months and rarely rode it before being transferred to Bahrain. When he took it back to the same dealership to sell it back to them, they gave him half the value, stating the bike had all sorts of things wrong with it. Warn your sailors there are people out there looking to take advantage of them.

I understand these sailors are adults now, and I also understand that anybody getting their first job where their paycheck is far more than they are used to, will feel rich and probably buy some things they shouldn't. I also understand, as they are away from home, your advice to them will fall more and more on deaf ears as they gain their independence. However, do not be afraid to have those financial discussions with them. I have them all the time with adults who are much older and never got the financial advice they could have used when they were younger and now are far from prepared to retire. 

So, my advice is, worry if you must, discuss when you can. However, do not try to take control of their finances. They need to learn to do these things themselves.

Thank you for the good advice. Sometimes we pay a high price to learn what xould have been much cheaper. I will keep teaching and discuss with a more hands off approach.

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