Building a budget and living within your family’s means are both much easier when you know 2020 military pay dates and the USAA pay dates and NFCU pay dates.
In Ray Bradbury’s non-fiction book Zen and the Art of Writing, he reveals how he once tried to write in his garage during the summer but quickly became distracted by his kids wanting to play with him all the time. Bradbury was a good dad, and so, he played with his kids when they came to bother him in the garage, even if it meant his writing didn’t get done. In the essay “Investing Dimes,” Bradbury reveals his solution was to create a kind of office for himself away from home where he could get some work done. And so, he retreated to a library where he could rent typewriters by the hour by popping in a dime. The result was the novel Fahrenheit: 451.
I’m no Ray Bradbury, but I am a writer, and writing for the internet is my job. I’ve been working from home on and off since my daughter was born in 2017, and before the COVID-19 pandemic struck, I also faced this problem: Writing in the garage just doesn’t work because my kid is just too damn cute. And so, I started renting a desk at a local co-working space. But then, COVID-19 happened. And now, like so many working parents across a variety of professions, I’m back to working at home, which means the work I’m doing is constantly being put in conflict with my parenting. In a new piece for the New York Times, writer Deb Perelman puts it like this: “In the COVID-19 Economy, You Can Have a Kid or a Job. You Can’t Have Both.”
That’s a headline that captures the story — the story of parents right now — and it started a huge trend on social media the second it was published. It’s so obviously true it’s not even funny. People like Perleman, myself, and the late Ray Bradbury are somewhat lucky compared to most American parents insofar as I can type this little essay out on the back steps of my house, hunched over, while my toddler is sleeping and my wife is getting some much-needed downtime. But my working hours are all over the place. There’s never really a time I’m not working and that also means there’s never really a time when I’m being present for my kid either. This is what the COVID-19 economy has done for parents in all kinds of professions. It’s turned us into people desperate to hold onto our jobs, but unsure how we’re going to do it.
As Perelman points out, when and if public schools re-open, it won’t be easy on parents to make decisions, and yet, the outrage is almost non-existent. “Why isn’t anyone talking about this?” she writes “Why are we not hearing a primal scream so deafening that no plodding policy can be implemented without addressing the people buried by it?”
Why not indeed? Perelman’s main points are familiar to most parents. While there’s a giant public debate over how one should behave, there’s a reality edging closer to parents’ viewpoint; which isn’t about what should happen, it’s more about what will happen. “I resent articles that view the struggle of working parents this year as an emotional concern,” she writes. “We are not burned out because life is hard this year. We are burned out because we are being rolled over by the wheels of an economy that has bafflingly declared working parents inessential.”
Which is pretty much what has happened at this point. Parents need to keep making money to keep their families going, to keep their kids safe. But there’s no real infrastructure from our governments and institutions to help us figure that out. Despite centuries of so-called “progress,” families are essentially still on their own when it comes to figuring out how to fend for their kids. On some level, we know this, and it’s what we signed up for. But what the world seems to have forgotten is that it’s very obviously not even remotely fair. The economy has always been situated to basically scam American families, but what the pandemic has revealed is just how deep that scam goes.
Everyone who is living now had parents of some kind. The kids of today, the kids we are fighting for in this pandemic have an uncertain future. And that’s because parents are invisible workers. Relatively speaking, Bradbury had it easy. This generation of parents has it bad. And it’s only when everyone admits it that things will get better.
From military installation searches to special family needs, relocation and retirement, the MyNavy Family mobile application is a one-stop shop for Navy spouses and sailors’ families, combining official information from more than 22 websites.
Developed by the U.S. Navy, the app covers a wide variety of topics: New Spouse Mentorship & Networking; Employment & Adult Education; Parenthood; Special Needs Family Support; Moving & Relocation; Service Member Deployment; Counseling Services; Recreation, Lodging & Travel; Family Emergencies; and Transition & Retirement.
The app connects Navy families to information and resources to help them navigate the complexities of the Navy lifestyle. The app offers several features, including Military Installation Search, MyNavy Career Center, Emergency Contacts and Calendar.
The Military Installation Search provides details for each installation around the world, with contact information, a base map, programs and services, plus an overview of its mission.
You can find a 24/7 resource for help and information, with the in-app ability to call or email a customer service representative through MyNavy Career Center.
(Photo by Taylor Grote)
Using the Emergency Contacts feature, you can access websites and phone numbers for a range of organizations, such as National Suicide Prevention Lifeline, Sexual Assault Crisis Support, National Domestic Violence Hotline and others.
The Calendar feature lets you add dates and events to calendars associated with your mobile devices.
Through the Contact Sharing feature, you can share contact information with other applications, such as email, SMS text, and iMessage.
The feedback feature allows you to provide input about the app content and how you use it.
The MyNavy Family app was developed by a Spouse Advisory Tiger Team, established by the Navy Sailor Experience Team. The Tiger Team included Navy spouses, along with the ombudsman at large, Navy organizations that provide services to Navy families and several non-profit organizations. The app is part of a larger Navy effort to improve the experiences of spouses and families to promote strong Navy families and support them in every way possible.
This article originally appeared on United States Navy. Follow @USNavy on Twitter.
The Air Force announced Jan. 23, 2019, the details of the fiscal year 2019 Aviation Bonus program.
The fiscal 2019 AvB program is designed to augment continuing aircrew retention efforts across the Air Force, by offering experienced aviators bonuses for signing tier-based contracts, ranging from three to 12 years of continued service.
Congress raised the annual maximum aviation bonus from $25,000 to $35,000 in the fiscal 2017 National Defense Authorization Act and required the Air Force to present aviation bonuses based on a business case analysis. The Air Force evaluates its rated inventory every year to ensure the AvB program is tailored to meet the service’s needs.
For the fiscal 2019 RegAF program, the following bonus amounts and contract lengths are being offered to active duty aviators whose initial undergraduate flying training service commitment expires in fiscal 2019:
Bomber pilots (11B), fighter pilots (11F) and mobility pilots (11M)
- Annual payments of ,000 for contract lengths of three to 12 years
- Lump-sum, up-front payment options of 0,000 exist for seven to nine year contracts and 0,000 for 10-12 year contracts
Lt. Col. Benjamin Bishop completes preflight checks before his first sortie in an F-35A Lightning II.
(U.S. Air Force photo by Samuel King Jr.)
Remotely piloted aircraft pilots (18X/11U) and special operations forces pilots (11S)
- o Annual payments of ,000 for contract lengths of three to twelve years
Command and control/intelligence, surveillance and reconnaissance pilots (11R) and combat search and rescue fixed wing pilots (11H)
- Annual payments of ,000 for contract lengths of three to nine years and ,000 for contract lengths of 10-12 years
- A lump-sum, up-front payment option of 0,000 exists for seven to nine year contracts
Combat search and rescue rotary wing pilots (11H)
- Annual payments of ,000 for contract lengths of three to nine years
Combat systems officers (12X) and air battle managers (13B)
- Annual payments of ,000 for contract lengths of three to six years and ,000 for contract lengths of seven to nine years
For aviators whose contracts have expired or who have never signed a previous AvB agreement, the following bonus amounts and contract lengths are being offered:
Pilots (11X) and RPA pilots (11U/12U/13U/18X)
- Annual payments of ,000 to ,000 based on the three to six year rates of the member’s core community identification as set above for contract lengths ranging from three to nine years
- Contracts may not extend the airman beyond 24 years of aviation service
Combat systems officers (12X) and air battle managers (13B)
- Annual payments of ,000 for contract lengths of three to five years
- Eligible airmen must have 19 years or greater of total active federal military Service and contracts may not extend the airman beyond 24 years of aviation service
The application window for airmen interested in applying for the fiscal 2019 AvB program will be open until Aug. 30, 2019. For full eligibility requirements and details about program changes in fiscal 2019, airmen should visit the myPers website at https://mypers.af.mil.
This article originally appeared on the United States Air Force. Follow @usairforce on Twitter.
When we envisioned our first publication for this blog, we never dreamed we would be interviewing one of our own founders for it. Or, that the topic would be her diagnosis and recovery of COVID-19. Despite the initial anxiety and concern over her positive test, she chose joy. Every day.
Samantha Gomolka is a Physician Assistant for a dermatology office in Buffalo, New York. Her state is arguably the hardest hit with COVID-19 and although schools and businesses were shut down, she continued to work and treat patients. “It was my biggest fear…. That if my family got sick, it would be because I brought it home. It was a heavy weight to carry,” she said.
Gomolka shared that she researched the signs and symptoms heavily, watching closely for fever or any shortness of breath. When she started with a cough and headache, she didn’t initially think it could be COVID-19. A few days later, the fever and body aches came. “In that moment, you are kind of stuck between the place of fear and disbelief,” she said. Gomolka said she just knew she had it. She quarantined herself in a guest bedroom, praying she wouldn’t pass it to anyone else in her family. A call to the public health department gave her the verbal instructions of self quarantine and presumption of COVID-19 based on symptoms, but there was no test available to her due to being considered low risk, and lack of other comorbid conditions.
Gomolka wouldn’t get one, until she ended up in the emergency room.
“Getting up from the bed to walk into the kitchen is not usually challenging. With this, there was an air hunger. It became a conscious effort to breathe in and out all day long. The feeling that I could never get enough air was making me live right under the threshold of panic,” she shared. Gomolka finally went to the emergency room when breathing became even more difficult and was placed on oxygen for hours. It was there she received her Chest X-ray, CT scan and COVID test, which revealed she did in fact have the virus. Then her husband, who had just returned from a long deployment overseas, started getting sick too.
Their family was quickly and officially served with mandated home quarantine paperwork by their local sheriff’s office, unable to leave their home at all. Contracting this virus and bringing it home to her family — her biggest fear — could have caused despair. Instead, she found the beauty in it.
“It comes down to perspective….. to find the opportunities for beauty. You have to choose joy,” she shared. Gomolka shared that having time slow down for her family was a blessing. Relationships were strengthened and hearts were lifted. What could have been a time of anxiousness was an opportunity to reconnect and spend time in a space of gratefulness.
Gomolka also shared that initially she hesitated in going public with their diagnosis, wondering if people would respond in a negative way. The result was completely opposite of that. “We had an entire community, local and virtual of people who just rallied around us and lifted my family up,” she said.
She shared stories of receiving aid from the Green Beret Foundation, needed medications on her doorstep, warm meals and groceries were provided, gift cards for expenses, activities for her children, and even coffee creamer. All of this during a time that could have easily slipped their family into a dark space, was nothing but light. Gomolka shared that her family feels like they could never repay the true value of these gifts. Instead, they plan to pay it forward.
“We are trying to figure out how we make that kind of difference in someone else’s life and come to their aid in a way that makes impactful change,” she said. One of the ways she’s going to do this, is to immediately go back to work treating patients with emergent conditions and skin cancer. She and her husband also signed up with the New York Blood Center, the American Red Cross, and Upstate University Hospital with the National Plasma Antibody project, hoping they can give their plasma for use in critically ill COVID19 patients. They also plan to try to complete errands and shopping for members of their community who are immunocompromised or elderly.
“We are always going to encounter challenges, but how do you respond to them? Find the good,” she said. She continued on saying that this experience has broadened her definition of what a hero is. “As a military family we tend to think of heroes as someone in a camouflage uniform, but that has changed for me,” she said. Gomolka explained that now, her version of a hero are the people who run towards danger while the rest of us “hunker down”. The grocery store workers, health care professionals, and deliverymen — to name a few.
When asked what she would tell those reading this article, she smiled and shared that although she knows her diagnosis and experience is not the same as others, she wants people to know that together we can make it through anything. She implored people to “pause, and take it all in and find the beauty”.
This article originally appeared on InspireUp Foundation.
“It is neither your title nor your name that defines you, but what is written on your heart.”
Rene Locklear White has held many titles: lieutenant colonel; Air Force veteran; wife; mother; Native American religious leader.
But none of these things define her.
Serving as a space satellite surveillance officer, White says, “I spent 22 years in the Air Force. Proudly. Happily.”
That pride and that happiness are what define her more than anything.
With her husband, Chris “Comeswithclouds” White, White runs Sanctuary on the Trail, a Native American Christian church in the Blue Ridge Mountains of Virginia. The church has five key areas of focus this year, the Spirit Speaks Forum, arts and culture advancement, disaster relief, human rights advocacy, and veteran wellness.
The focus on veteran wellness doesn’t jut apply to spiritual wellness, but to physical wellness. Together, the Whites work with veterans to understand their benefits and to get wounded warrior care for themselves and their families.
Comeswithclouds built their house with his son, Jacob, and the home is a beautiful reflection of who they are.
“We can honor nature and be a part of it, all the time,” White said. “The house is built, but now we’re.. building the community,” Comeswithclouds noted.
Currently, the family hosts Ceremony at their home, inviting members and strangers alike to experience the land in its purest, untouched state. The way Native Americans thousands of years before them did.
For more information, visit Sanctuaryonthetrail.org.
The Veterans Benefits Banking Program (VBBP) is giving Veterans and their families access to greater financial independence, resiliency, and literacy.
VBBP is a partnership between the U.S. Department of Veterans Affairs (VA) Veterans Benefits Administration (VBA) and the Association of Military Banks of America (AMBA). The idea for the program came after a VA analysis revealed a high rate of Veterans were “unbanked,” says Joe Gurney, Senior Advisor of Fiscal Stewardship for the Office of the Under Secretary for Benefits.
“We were seeing an uptick in fraud because hundreds of thousands of Veterans were unbanked, so the Under Secretary actually had me look into this. By unbanked we mean Veterans receiving their VA benefits on a prepaid card or by check. I spent some time doing an analysis about demographics, where they were, who they were, and it turned out there were over 200,000 Veterans who were unbanked,” Gurney said.
Dr. Paul Lawrence, VA Under Secretary for Benefits, charged Gurney with determining courses of action to address the issue. Through his research, he found AMBA — an association of banks operating on military installations. The organizations committed to a joint effort of working with those financial institutions that already “have experience dealing with the unique financial challenges of military members and their families,” retired Air Force Maj. Gen. Steven Lepper, President and CEO of AMBA, said.
A white paper identified key areas affecting today’s Veterans, such as not being able to get a bank account and incurring high fees when cashing checks or using prepaid cards. The VBBP then created a number of common requirements for participating banks and credit unions to join the program, including:
- Willing to provide free checking accounts and free access to ATM networks to Veterans who deposit their monthly VA benefits in their account, and
- Helping any Veteran become qualified to open a banking account.
Another pillar of the program is a goal of simplifying banking choices by helping eligible Veterans select the right bank and services for themselves and their families. The VBBP website also includes links to resources on topics like fraud protection, identity theft, financial education, and a checklist for opening a bank account.
Lepper adds the VBBP is a work in progress and there are already talks for ways to improve the program.
“Veterans have as many needs as there are Veterans. It’s hard to generalize with anyone, whether they’re military or Veterans. We’re always on the lookout to help make Veterans’ management of their financial resources much more effective and safe,” Lepper, who served 35 years in the Air Force, said.
Gurney says the VBA also looks at trends in the unbanked on a constant basis to identify lessons learned and drive future program enhancements.
“AMBA has setup a constant feedback loop to try to give our Veterans the best experience that we can. For example, we discovered that Veterans want financial education. They want information — especially during COVID – that helps them deal with money, particularly borrowing money. As a result of that feedback, we added financial education to the VBBP website and plan to expand it as we continue improving the program,” Gurney said.
Lepper explains that by giving Veterans access to banking options, it also creates a motivation to save.
“The one benefit you don’t think about immediately when you think about opening a bank account versus receiving your benefits on a prepaid card or by paper check is the ability to save money. If you cash a check or withdraw all the money on your prepaid card; you walk around all month with money in your pocket. With checks and prepaid cards, there’s no motivation to save and no mechanism to save, whereas with a bank account, you do have that ability to save money in a safe and cost-effective way.
“What we’re hoping, as a collateral effect of opening up a bank account or credit union account, is that our Veterans will be able to save money and not live month-to-month on their VA benefits,” Lepper said.
Other features of utilizing a bank or credit union account:
- Get access to reasonable loan amounts with advantageous interest rates, and
- Credit repair.
Thirty four financial institutions are now part of the VBBP. In addition to ensuring Veterans and their families receive benefits safely and reliably, the participating banks and credit unions offer another advantage: accessibility.
A key component of the program is to meet Veterans where they are, whether that be in a large metropolitan area, rural town, or online. By working with financial institutions that have diverse geographical and digital footprints, Veterans can receive streamlined access to information and communication that caters to their needs. Another goal was to create a robust program that is easy to navigate. The VBBP website https://veteransbenefitsbanking.org/ contains a directory that lists participating banks and credit unions, along with direct links to more specific information on products and services.
Since the inception of the program at the end of 2019, VBBP has grown to roughly 1,000 website visitors per week, revealing a growing interest in both financial education and banking options. Now that awareness is growing, Gurney recommends Veterans take that next step of setting up an account so that they no longer have to put themselves at risk by relying on external entities like check cashing companies.
“We really want to urge Veterans during this time, especially with COVID, to consider direct deposit and setting up a bank account so they can have an easier, faster, and safer way to bank,” he said.
Once Veterans have a bank account, they can sign up for direct deposit by either updating their profile on va.gov (and providing their bank account and check routing numbers) OR by calling 1-800-827-1000.
As the partnership moves into its second year, the organizations plan to expand need-based resources that meet Veterans where they are in their financial life cycle.
Any Veteran or beneficiary who receives federal monetary benefits and who wishes to receive their benefit payments electronically can participate in the VBBP. A full list of participating banks and credits unions can be found at https://veteransbenefitsbanking.org/.
Veterans can train for certificates and industry credentials before they leave the military – for free through the Institute for Veterans and Military Families. The Mission Continues is able to fund veteran empowerment projects and its community outreach programs. Hire Heroes USA is able to confirm it helped some 35,000 veterans get jobs. There’s one organization behind all of it: The Schultz Family Foundation.
If you’re unfamiliar with Howard Schultz, he is the billionaire former CEO and Chairman of Starbucks Coffee, among other entities, and he and his family are on a mission to unlock the potential of every single American – especially veterans. So they’ve taken it upon themselves to fund some of the most powerful, potent veterans programs in the country.
Remember the rumor that Starbucks hated vets and the military from a couple years ago? That was false. In a big way.
The Schultz Family Foundation believes Post-9/11 veterans are returning to civilian life with an enormous store of untapped potential and a reservoir of diverse skills sets that could be the future of the country. Part of its mission is to ensure that every separating service member and their spouse can find a job if they want one. The Schultz Family Foundation makes investments in returning troops in every step of the transition process, from before they ever leave the uniform all the way to navigating post-service benefits.
Once out of uniform, the foundation supports programs and organizations that not only promote finding a job based on skills or learning new skills to get a new career, but also programs that are not typical of a post-military career. These careers include community development, supporting fellow veterans, and of course, entrepreneurship.
Nick Sullivan is an eight-year Army veteran who works with the Schultz Family through the Mission Continues.
Whether working for or donating to causes that directly help veterans or ones that support vets in other ways, The Schultz Family Foundation has likely touched the lives of most Post-9/11 veterans who have separated from the military in the past ten years. Whether through Hire Heroes USA, the Mission Continues, Blue Star Families or Onward to Opportunity, the Schultz Family has been there for vets. Now the Schultz Family Foundation is supporting the Military Influencer Conference.
If you’re interested in starting your own business and don’t know where to begin, the Military Influencer Conferences are the perfect place to start. There, you can network with other veteran entrepreneurs while listening to the best speakers and panels the military-veteran community of entrepreneurs can muster. Visit the Military Influencer Conference website for more information.
Maybe starting your own business isn’t your thing. Veterans looking for support can visit the Schultz Family Foundation website for veterans and click on the “get help” button to join a community of thousands who did the same – and are happy they did.
What are the most important lessons to teach children about money? It’s a good question to consider, particularly because, thanks to a distinct lack of a broad financial literacy curriculum in schools, it falls on parents to be the ones who instill the core concepts of spending, saving, and handling money in general. While there are certainly lessons all parents should be teaching kids about money, we wondered, what do financial planners, accountants, and others who work in the financial industry teach their kids about money? What concepts are essential and how do they distill them down so they can be understood by, say, a seven-year-old? That’s why we asked a broad array of financial professionals, “What lessons do you teach your kids about money?” The varied responses include everything from envelope systems and understanding wants versus needs to the creation fake debit cards and engineering simple lessons about compound interest. All provide inspiration and instruction on how to help kids get a head start on the road to financial success and serve as a reminder that it’s never too early to begin teaching kids about money.
Try the Sticker Chart Reward System
“We use a sticker chart reward system with our young ones, who are in Kindergarten and second grade. You get a sticker for doing homework, practicing, household chores, and the like. After earning 20 stickers each child then gets to pick out a toy, experience, goodies, etc. of their choosing (up to a $ value). This is a foundational value in our household; to instill that effort and hard work is required to earn many of the ‘wants’ in life. And that it takes time.” — Ronsey Chawla, Financial Advisor at Per Sterling Capital Management.
Incorporate Financial Topics into Everyday Life
“This can be as simple as taking my kids to the bank to open a checking/savings account, involving my two kids — I have a 14-year-old son and 11-year-old daughter — in household budgeting conversations during a trip to the store, or planning for a family vacation. It’s important to share lessons and what you learned from your experiences with money management, with the depth of that conversation being up to your individual family. It’s also a good idea to start them saving early. Developing smart saving habits is the first step to becoming money-wise. Encouraging children to contribute a realistic amount to savings, even if it’s just a month, is an easy way to put them on the right track for future financial success.” —Daniel Cahil, SVP, North Dallas Bank Trust Co.
Trust the Lemonade Stand
“With my own kids, who were four and six at the time, we opened lemonade stands, as cliché as it may be. It teaches them literally the fruits of their labor. The help made the lemonade, with real lemons, at every step, until they have the product ready for market. They learn the lessons of “location, location, location,” understanding that where they set up can make a big difference in the traffic they can expect. Setting up on the corner brings some traffic, but not nearly as much as by a nearby field on a hot day where a bunch of kids are at soccer practice.
When they’re done, they bring their profits back home and count it up. This helps them identify and understand what different coins and paper currency mean. They also have piggy banks that are broken up into four different chambers – save, invest, spend and donate. This helps them understand the different utilities of money, immediate gratification, delayed gratification and being a contribution to others.” — Chet Schwartz, RICP, registered representative with Strategies for Wealth, a Financial Advisor with Park Avenue Securities, and a Financial Representative of Guardian Life Insurance
Teach Them to Save — But Also Enjoy the Rewards
“To clarify, this all starts with being responsible, working hard, and earning some dough. But this particular piece of advice is about what I do with that earned money. When I come into some kind of bonus or non-recurring income, I always, without fail, carve off some small-ish amount of that bonus for me, my wife, and my daughter, and we all go out together and buy something fun for ourselves, something that we would not otherwise have bought because we thought it was frivolous or hard to justify. We save the bulk, but the rule is that we have to spend that smaller allocated amount on something fun, and we have to do it together as a family.
This is important to me because one, if you don’t enjoy some part of your money “now,” you may never get the chance, and two, it gets us out, as a family, doing something that breaks the normal rules of saving and spending. I’m all about saving of course, but I’m also about enjoying the rewards of hard work, and that’s what this is really all about. If you don’t treat yourself well, you sure as heck shouldn’t expect anyone else to.” — Dan Stampf, VP, Personal Capital Cash
Use “Skip Counting”
There’s more than one way to count to 100. You can take the long way, starting with the number one. Or you can also count by twos, tens, twenties, even fifties to get there faster. Learning to “skip count” is an important precursor to developing fluency in calculation, number sense, and the basis for multiplication and division — not to mention counting money. Just pour a bunch of coins on the table and put them into piles by coin type (pennies, nickels, dimes, and quarters). Work with your child to “skip count” using different coins and values, reinforcing what they’ve learned. For example, ask them if they notice any patterns (e.g. while counting by 2s, 5s, and 10s). If “skip counting” is still too complex for your kids, continue practicing by changing the number of coins they are counting. That will encourage your children to figure out another total value.” —Jeremy Quittner, Resident Money Expert Editorial Director, Stash
Put Pocket Money to Good Use
“It’s important to teach your children about saving, and the potential benefits. I think a fun way to do this is with their pocket money. Say you give your child for the weekend. Once its spent, it is gone. But I like to introduce the offer that if, for every change they bring back at the end of each week, that change is matched from my money, and saved until it reaches 0, and they can buy themselves something special. For example, if they bring me change, I put aside for them, and this pot grows until it hits 0. The opportunity here is for the children to really think about what they are spending their money on, while also seeing that saving can result in a better purchase that is actually wanted at the end.” — Andrew Roderick, CEO of Credit Repair Companies
Use The Token Economy with Toddlers
“Make money fun. Toddlers can start to experience a ‘token economy’ by pretending to play in grocery stores or banks: games that can actively involve your child in playing and beginning to understand money. It’s also important to recognize that it may be more constructive to create other activities for older kids, by introducing them to easy-to-read financial books, like this one. Explain to them how your family approaches investing, paying for taxes, and seeking financial advice from an advisor” – Dillon Ferguson, CFP, Head of Product, Zoe Financial
Make the Concept of Prioritization Crucial
“We ask our three kids to do certain activities at home that are outside of their normal chores for which we compensate them with small amounts of money. This way they learn that to make money they need to put extra effort and work hard. They also learn that the money they make at home can be spent on a variety of different things, but we teach them about the concept of prioritization, since money is a scarce resource. Most importantly, we teach them that the best investment they can ever make is their own education, since education leads to better job opportunities and better quality of life.
We opened college savings accounts for all three kids via UNest and our older one is already contributing into her own account. We show her how money grows over time and teach about the concept of investing, compound interest and tax-free growth. In addition, we emphasize that lack of savings can lead to the student debt. Money that is borrowed can be very expensive and the need to pay off student loans would create setbacks in life and delay other important decisions like buying a house or starting a family. Putting a small amount aside each month and investing for education teaches our kids discipline and motivates them to think long-term.” — Ksenia Yudina, CEO and Founder of UNest
Teach them About Coins — And the Four Pillars
“I think that six years old is a good age to start teaching kids about money. A great first objective is teaching them about coins. While that might seem simple, it is not as easy a subject as you might think. Take a step back and think this through: Why is the big nickel worth less than the small dime? I think it’s fun to play games with kids once they understand the value of each coin by having them make different combinations to get to one dollar. 10 dimes. 20 nickels. Four quarters. One-hundred pennies. Fifty pennies and two quarters.
Start with teaching them one of the four pillars of financial literacy: save, spend/budget, invest and charity. For younger children, savings is the easiest as you can simply use a clear jar where they can put loose coins and see them build up. Remember to keep lessons age-appropriate and that developing money-smarts is not an exercise in trying to create the next Warren Buffet. It is about making them feel comfortable talking about money, understanding basic money vocabulary, and eventually starting good habits that will last a lifetime. You want to avoid the firehose method of teaching where you pile on too much information too soon. Rather consider using the drip-drip-drip method that starting them at a young age gives you plenty of time for them to build a great foundation.” — Thomas J. Henske, Partner, Lenox Advisors
Be Open About Your Financial Goals
“When my kids were younger, my wife and I agreed on an aggressive goal to pay off our house in a set number of years. When that goal was reached, we agreed to take the family on a trip to Disney World. We bought a Mickey Mouse puzzle, assembled it, and disassembled it in a way that for each id=”listicle-2646259052″,000 we reduced principal on the loan, we put so many pieces of the puzzle together. It created a visual representation of our progress. We explained our goal to the kids in terms they could understand so they saw the progress and the reward at the end after several years of work. While the kids now understand the financial side of the goal, it is the visual representation of the puzzle they recall most.” — Phil Kernen, CFA | Portfolio Manager, Mitchell Capital
Teach Them About Compound Interest
“As a financial planner and fastidious investor, my kids are being taught about compound interest at a young age. When my five-year-old daughter receives birthday money from our relatives, I show her how putting 25 percent of her money away can give her many more Barbies and dolls in the future. Would you rather buy one Barbie today, or be able to buy five Barbies later, I ask? Even a child can understand that by deferring some instant gratification today, they can enjoy greater luxuries later.” — Thanasi Panagiotakopoulos, Financial Planner, Life Managed
Never Say ‘There is No Money’
“Say instead, money is valuable and needs to be used wisely. Or money is not to be wasted. The reason is that children should not grow up with a limitation mindset but an abundance mindset while learning to be careful with money. Saying ‘there’s is no money,’ tells the child that when they get money in their hands, they can throw it away, and that’s not a good thing.” — Kokab Rahman, author of Author of Accounting for Beginners
Don’t Forget the Power of Delayed Gratification
“My children are 2 and 4 years old currently, and while it’s definitely too early to teach any significant money lessons to the two-year-old (aside from showing him how to put coins in a piggy bank), the four-year-old is another story. I recently tried this simple method of teaching savings and it worked well. Each night, I gave her a quarter for straightening up her toys before bed. She could choose to use a quarter to get a treat from the candy dish, but if she saved five of her quarters, we could do something special that weekend (go to the zoo, a favorite restaurant, etc.). Delayed gratification is such a valuable skill to learn at a young age, and I plan to use more complex ways to incentivize saving as she gets older.” — Matt Frankel, CFP, The Ascent
Turn Financial Mistakes into Teachable Moments
“We don’t pay our kids for daily chores like making their bed, feeding the dogs, or picking up after themselves. But I do pay them for mowing the yard (my 10-year-old) or helping cut firewood (all my children), things that are above and beyond their normal family contributions that they worked hard to attain. It’s also important to let them make mistakes. Recently my 10-year-old wanted to purchase a new movie release for .99, so I let him. The next day he wanted to buy a video game. I said sure pay me and he could buy it. He then realized he spent all his money on the movie. That’s the time to have a good conversation around it. Was it worth it? What could you do differently?” — Joel Hodges, CPA, Intuit, Tax Content Group Manager
Explain The Difference Between Needs and Wants
One of the most important money lessons I’m already teaching my young children is the difference between needs and wants. If she holds up something at a store — say, something from the candy aisle — I’ll ask ‘Do you need that, or do you want that?’ It took a few tries, but she got the hang of it. It can be helpful to set a firm cap on the ‘wants,’ such as one per week, while showing that we always take care of our needs.”— Matt Frankel, CFP, The Ascent
Introduce the idea of Money Early and Often
“At home, we value speaking openly about our financial lives and the value of saving such that our kids learn by example. A great way we teach our 4-year old about money is to have them understand the value of a purchase. The other day my son wanted us to buy him a new game for his iPad. To ‘convince us,’ we had him walk through the value in relation to the actually cost of the game. It’s never too early for your children to understand the cost of things. “- Andres Garcia-Amaya, Founder, Zoe Financial
Enlist the Envelope System
“Kids are never too young to learn how to handle money, one fun way for them to learn about money is to have them separate their allowances on what they want to spend. They can do this by having small envelopes and placing a certain amount from their allowances. This helps them learn about budgeting and the value of money when that certain envelope reaches the goal amount. Children are also allowed to have bank accounts, so it is good for them to have their accounts so that they can start learning to save early. — Leonard Ang, CMO, iProperty Management
Try The “Bank of Dad” Approach
“By the time my daughter started elementary school, she had a few chores each week for which she got a small allowance and she might get the odd bill in an Easter card from her grandparents. Instead of a piggy bank, we went forward looking and with the ubiquity of debit cards, I created ‘The Bank of Dad.’ Using an old hotel key card I made a make-believe Bank of Dad debit card and she opened an ‘account.’
At 12 years old and a long-time Bank of Dad customer, she was definitely ready for a real account. With our bank, the account was connected to a parent’s account so we had visibility into everything. At the start, we sat down and introduced the basics of a budget. We talked about understanding how much she “made,” how everyone needed savings for an emergency/rainy day, and how to also save for something “big” like those fancy new embroidered and bedazzled jeans she just had to have.
Now at 24 years old, my daughter came to me and asked if I could help her fix a spreadsheet she made because she wanted to try and pay off her student loans early, but couldn’t make the formulas work. If there’s anything that makes an accountant parent happier than hearing ‘Hey dad, will you check my spreadsheet?’ Turns out she was very close, but having her do the work and walk me through it, made fixing her error make sense to her and empowered her. — Gregg Gamble, Intuit, Lacerte Tax Content Development Manager
With museums and galleries around the world shuttered, it might feel like there’s no way to explore the world. For the military community, this Inside Time can feel even more cloistered, since we can’t get out and explore new areas. Now, thanks to tech, closed doors don’t mean you can’t get your culture fix.
Access the most renowned museums, all from the comfort and safety of your own home.
Digital archives are available for everything from top-notch spots like the Louvre to lesser-known museums, tourist attractions and even graffiti tours. When you’re ready to get outside but can’t leave your house, check out this list.
If you’re not sure where to start your digital tours, the most comprehensive resource is Google Arts Culture. With access to art in over 2500 museums, GAC offers the chance to “stroll” through museums and gather your thoughts, explore inspiration or just marvel at how painters and sculptors do what they do.
GAC also offers a comprehensive list of tours to the world’s most famous museums, like Florence’s Uffizi Gallery and the Tate Modern in London. If you have a specific museum in mind, you can search for it at the GAC. Or, let the curators lead you on a tour of exciting exhibits, like this one that gives you access to six street-level installations that are no longer open to the public.
Mumbai’s City Museum is the oldest museum in Mumbai. It was initially established as a “treasure house’ for decorative arts. Its current exhibits feature a gallery that explores oppression, freedom, and justice.
The Pergamon Museum in Berlin is one of Germany’s largest museums and is the home to the Greek Pergamon Altar and the Ishtar Gate of Babylon. Online offerings include exploring the Eighth Wonder of the World and a short historical tour of Pergamon.
Contemporary and modern art lovers will enjoy exploring the myriad galleries at the National Museum of Modern and Contemporary Art in Seoul. Its doors opened in 1969 and have been witness to the blossoming art modern art scene in the region.
Closer to Home
Ever wonder what Americans were wearing in 1790? Now you can take a look, thanks to the digital tours offered at the National Gallery of Art in Washington, DC. The museum also boasts an impressive collection of Vermeer paintings and is home to over forty thousand items, all available for browsing from your screen.
Located inside a park, the Cincinnati Art Museum has a diverse collection of works that span six thousand years. One of the most popular online exhibitions features the myths and heroes of popular legends.
For folks who can’t process any new info but still want to feel like they’re a part of humanity, 24-hour live feeds of highly-popular areas might offer a little sense of normalcy. Check-in on Times Square, take a look at the Eiffel Tower or watch ships navigate the Panama Canal. If you’re into something more celestial, NASA offers a 24-hour live stream from space.
In the time of social distancing, as we’re confined to our homes, we have to explore new ways of expanding our horizons. For families that have made the shift to homeschooling, virtual museum tours can offer you a chance to give your kids access to new words that aren’t available right now.
The word hero is defined as someone who is admired for their courage and noble qualities. Patrick “Paddy” Brown was all of that and more. He was murdered on September 11, 2001.
Paddy grew up in Queens, New York, raised by a father who was an FBI agent and former minor league baseball player, and a mother that taught music. As a kid, he’d loved the firehouse and felt at home there. Paddy joined the Boy Scout Explorer Post which specialized in fire service when he was a teenager. As he got older, Paddy joined the New York Fire Patrol and was assigned to Fire Patrol 1. He was well on his way to becoming a full-fledged firefighter.
But war came calling.
At 17 years old, Paddy enlisted in the Marine Corps with his father’s permission. Feeling the need to be a part of something bigger than himself led him to putting his firefighting dreams on hold. After arguing his way out of a clerk position, he was moved to the 3rd Engineers Battalion and immediately deployed to Vietnam.
It was there that he would crawl through the tunnels constructed by the Vietcong, being one of the first to search and clear them. Paddy completed and survived two full tours of Vietnam, making it home at the rank of Sergeant. For his time in service he was awarded the Combat Action Ribbon and Vietnam Service Medal.
Paddy came home to a country divided over the war and found himself lost. Paddy turned to alcohol to push down his demons, unable to find hope or good in his surroundings. He confided in fellow firefighter Tim Brown that he recognized he was traveling down a dangerous path and needed to course-correct. Paddy replaced alcohol with boxing and eventually became an AA sponsor. Soon, Paddy was back at the New York Fire Patrol with the goal of becoming an FDNY firefighter.
On January 28, 1977, Paddy graduated and was assigned to Ladder 26 in Harlem, officially a part of the FDNY. It wasn’t long before he began making a name for himself with frequent rescues. By 1982, he was being recruited to Rescue 1 and 2 – units filled with the best of the best in the FDNY. By the time he hit 10 years as a firefighter, his personal awards and recognitions for heroism were astounding. Paddy achieved the rank of Lieutenant on August 8, 1987.
All of this was done quietly. Tim shared that when Paddy would wear his dress uniform, he would often leave off some of his medals to avoid making people feel inadequate, because he had so many. Despite not wanting attention, a daring rope rescue in 1991 would make him known everywhere. By 1993, he was promoted to Captain and on October 21, 2000 he was assigned as Captain of Ladder 3.
September 11, 2001 changed everything.
Paddy was on duty when he witnessed the first plane hit the World Trade Center. He quickly called the dispatcher to tell them what he saw and Ladder 3 was immediately tasked with responding. When he made it to the North Tower, he ran into Tim in the lobby and gave him a hug. Tim shared that there was something in his eyes and voice as he headed up the stairwell.
Paddy knew he’d never make it out.
As the South Tower collapsed, the North Tower swayed. Ladder 6 was told to evacuate, as was Ladder 3, which Paddy was leading. His last known words are as follows: “This is the officer of Ladder Co. 3. I refuse the order! I am on the 44th floor and we have too many burned people with me. I am not leaving them!”
Not long after that radio call, the North Tower collapsed. Tim had just narrowly survived the collapse of the South Tower himself when he watched the North Tower fall.
In that moment, Tim shared, he knew all of his friends were dead.
Paddy and Michael.
Paddy’s brother Michael, who was a doctor and former FDNY firefighter, spent weeks searching for him in the rubble and ash. On November 10, 2001, a day that should have been spent celebrating both the Marine Corps’ and Paddy’s birthdays, a memorial service was held for Paddy, instead. The lines stretched around the block, with people coming to mourn the loss of a hero. Paddy’s family was overwhelmed with incredible stories about their hero that they had never known before.
They wouldn’t find Paddy’s body until December 14, 2001.
In 2010, Michael wrote the book What Brothers Do, about both his search for Paddy and his journey to discovering who Paddy really was. The book is being relaunched and has a new urgency to its message of what makes a true hero. Michael was diagnosed with cancer, caused by searching in the ruins of the towers. His hope is that the story of Paddy and all of those who lost their lives on September 11, 2001, will never be in vain.
For every purchase of What Brothers Do, a portion will be donated to the Tunnel To Towers Foundation. Click here to grab your copy today.
Editor’s note: An earlier version of this story and the headline incorrectly stated that Rear Adm. Stuart Baker had been fired. His promotion has been held by the Navy.
The Navy won’t reinstate the captain who was fired after warning of a serious health crisis on his ship, and the captain’s superior has also had his promotion withheld as the result of a deeper probe into the matter, top Navy leaders said on Friday.
The Navy secretary and top admiral reversed course on a previous recommendation to reinstate Capt. Brett Crozier as commanding officer of the aircraft carrier Theodore Roosevelt. Crozier will be reassigned. If he was still in command today, Chief of Naval Operations Adm. Mike Gilday said he would relieve him.
“It is because of what he didn’t do that I have chosen not to reinstate him,” Gilday said.
Crozier acted too slowly to keep his crew safe and made questionable decisions to release sailors from quarantine, potentially putting others at risk, the CNO added. Gilday also said the email Crozier sent warning about the situation on the ship “was unnecessary.”
Gilday, about two months ago, recommended that Crozier be reinstated as the Roosevelt’s commanding officer.
“Had I known then what I know today, I would have not made that recommendation,” Gilday said on Friday. “… Capt. Crozier’s primary responsibility was the safety and the wellbeing of the crew so that the ship could remain as operationally ready as possible. In reviewing both [Rear Adm. Stuart] Baker and Capt. Crozier’s actions, they did not do enough soon enough to fulfill their primary obligation.”
Baker, former commander of Carrier Strike Group Nine, won’t be promoted pending further review, Gilday said. His promotion to rear admiral upper half was approved by the Senate on March 20.
“They were slow egressing sailors off the ship, and they failed to move sailors to available safer environments quickly,” Gilday said. “… It is my belief that both Adm. Baker and Capt. Crozier fell well short of what we expect of those in command.”
The decisions are the result of a deeper review into the situation on the Roosevelt, which James McPherson directed in April over what he called “unanswered questions” while serving as acting Navy secretary.
Braithwaite said on Friday he stands by the latest investigation’s findings. Jonathan Hoffman, a Pentagon spokesman, also said Defense Secretary Mark Esper was briefed on the findings and supports the Navy’s decisions.
Baker was aboard the Roosevelt when Crozier emailed several people about a growing number of COVID-19 cases among the crew. Crozier, whose email asking for help was leaked to the San Francisco Chronicle, was ultimately fired by then-acting Navy Secretary Thomas Modly over his handling of the situation.
Modly told reporters when announcing his decision to relieve Crozier of command that the captain should’ve walked “down the hallway” to discuss his concerns with Baker before sending the email. Modly later resigned from his post as acting Navy secretary amid backlash over these events.
The Roosevelt pulled into Guam in late March as more than 100 crew members tested positive for COVID-19, the sometimes-fatal illness caused by the coronavirus. Crozier had warned in his email that sailors could die if they didn’t quickly evacuate the ship.
“If we do not act now, we are failing to properly take care of our most trusted asset — our Sailors,” he said.
Ultimately, more than 1,200 members of the roughly 4,800-person crew tested positive for the virus, including Crozier. One sailor, 41-year-old Chief Petty Officer Charles Robert Thacker Jr., died of the illness.
Gilday said his initial recommendation to reinstate Crozier was based only on “a narrowly scoped investigation” that looked only at why he had sent the email warning.
“I was tasked to take a look at those facts against then-acting Secretary Modley’s justification for relieving him,” Gilday said, “and I did not feel that the … facts supported the justification.”
The CNO said the two-month-long deeper investigation, ordered by McPherson, made additional facts visible. That included the decision to lift quarantine in part of the ship, which allowed about 1,000 crew members to potentially expose other sailors to the virus, Gilday said. He also said Crozier and Baker failed to take advantage of 700 beds in a gym in Guam that were spaced 6 feet apart, choosing to put his sailors’ “comfort over safety.”
In his endorsement letter accompanying the results of the investigation, Gilday said he thought Crozier had the best interests of his crew and the readiness of the ship in mind. But, he added, Crozier did not “forcefully and expeditiously execute the best possible and available plan, or do enough, soon enough.”
Baker and Crozier were talking to the U.S. Seventh Fleet commander every day, Gilday told reporters on Friday, and if the two had issues they should have raised them.
“If [Crozier] fearlessly communicated with that email that he sent — that I’ve never disagreed with, his fearless sending of the email — then he certainly should have just [as] fearlessly communicated issues every day during those video teleconferences,” Gilday said.
Rep. Adam Smith, a Washington Democrat and chairman of the House Armed Services Committee, said on Friday that everyone up and down the Navy chain of command had a role to play in the inadequate response to the situation on the carrier. Smith announced that his committee has launched its own investigation into the Roosevelt’s COVID-19 outbreak.
“The Department’s civilian leadership portrayed Captain Crozier’s decision-making aboard the Roosevelt as the critical weakness in the Navy’s response, but the truth is that civilian leadership was also to blame,” Smith said. “… While the committee works on our own investigation, it is my hope that the Navy will learn from this series of mistakes.”
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Our family is discovering a new adventure as the pandemic continues and a normal school year is not on the horizon. I never, ever planned to be a homeschool mom. But when the pandemic hit and my boys were home each day, I realized how much I enjoyed their company and oddly how much I missed them each day they went to school. And while it requires a lot of flexibility to continue running my business, I know that homeschooling is the best option for our family. As a family, we have learned a lot about the advantages of homeschooling. And I’m quickly realizing my past life as an Air Force Officer is playing into my strengths when it comes to homeschooling. Here are a few ways the military prepared me to be a homeschool mom.
Moving forward with confidence
The military teaches you to make a choice and move forward. When our school district came out with the options for the upcoming school year, the options laid forward by the district didn’t feel like the right choice for our family. So, my husband and I decided to start looking into homeschooling. The more research we did the more confident we were in the choice to homeschool. Now that school is starting all over the country, I realize homeschooling was the best option for our family and I am thankful we made this choice months ago. I did the research, made a choice and am now moving forward with confidence. Just like the military trained me to do.
Know the Objectives, Create a Mission Plan
When people hear I am homeschooling they often ask what curriculum I am using. My answer: I’m not. I have done enough research on the standards that my boys need to meet by the end of the school year and am working to create tools we need to get there. I guess I have always been part of the unschooled philosophy and find lesson plans too restrictive. We have a schedule and a plan for each week, the military trained me for that too, but I also know where we need to go and don’t need any one person to tell me how to get there. My military background has me focused on the mission and I even have created waypoints throughout the school year to help access where we are, where we are going and I am ready to make adjustments along the way.
Delegate when necessary
While I’m really excited about teaching math and science, oddly enough, even though my job is to write, I don’t feel confident in teaching my son how to read. He is entering second grade and is behind in reading. Most of the homework around reading last year was filled with frustration on both my son’s and my part. So, my husband and I decided to delegate this responsibility. My husband and I did our research and we have started using the Easy Read System. It is a program that helps my son while I work along with him. It is a team effort and the best part? There is no yelling or frustration. It is actually fun, for both of us. He is making progress with reading and writing with this tool and I am excited to see what he learns over the next few months.
We also have been long time subscribers to Kiwi Co Science Crates. Each month we get a new Kiwi Crate for both my seven and four year olds. In the past, we focused on the activity and often didn’t dive into the extra resources provided. But now we are planning to not only enjoy the project that comes each month, but use the additional resources for science learning.
We are also relying on our Disney+ subscription, but not to watch Mickey Mouse. Both our boys also have a love of animals so we have been using Disney+ Natural Geographic Channel to learn about different animals each week. We also are big fans of PBS Kids, Khan Academy Kids and Sesame Street’s Alphabet Kitchen.
Think outside the box
I’m also planning lessons throughout the year for things I have always wanted to do and never have had the time to do. We are planning to use Truth in the Tinsel’s Advent calendar and crafts for the Christmas season. We already planted pumpkins in the Spring and have been using them to learn about how things grow throughout the summer. And we are planning to plant a garden in the Spring. We use the kitchen to expand our classroom by creating yummy treats like Taffy and Blueberry Pie.
Almost every question my boys ask can turn into a classroom adventure. And as long as we stay focused on the standards set by the school, we are finding a lot of flexibility in our home classroom.
Yes, the military training even applies to homeschooling and oddly enough it isn’t as rigid as I expected. What does your school year plan look like? What tools from your life experience are you using to help get through this unsettling time?