Our Military Life Blog

Financial Terms Everyone Should Know – Budget & Cash Flow

April is Financial Literacy Month. Starting this April, we will be looking at various financial terms that everyone should know. We will go over their meanings and get some familiarity with these terms. These terms will not necessarily be military-related, but more general in nature. To learn more I recommend checking out Financial Terms Dictionary (investopedia.com).

A budget or spending plan is the backbone of your financial plan. It’s been said that a budget is you telling your money where to go instead of you wondering where it went! There are many online tools and spreadsheets available for budgeting, but all you really need is a pencil and paper. The best budget tool is the one that you will use. Need help creating a workable budget? Resources are available on your installation or let me know, I have multiple budget tools that have helped many.

Cash flow – This is the cycle of funds coming in and out of your hands. It’s true, happiness is a positive cash flow! A budget helps you manage your cash flow.

We Are Here To Help You To Serve, Save, Enjoy, and Find Out More About Finances.

Charlie Marlow

With over 22 years of active-duty Air Force experience in military pay and travel entitlements, Charlie Marlow brings his extensive knowledge of military finance with his passion to help others reach their financial goals through common sense financial practices. Charlie holds a BS in Business Finance from Liberty University, is an Accredited Financial Counselor®, a Dave Ramsey trained Financial Coach, and co-founder, administrator, and frequent contributor to the Facebook group Military Money Matters. He still supports the Air Force and DoD as a contractor budget analyst at the Pentagon. When not writing or helping others create a personal financial plan, you can find him cycling around the National Capitol Region or enjoying classic TV shows.

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