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JKO Personal Readiness Seminar (PRS) Survival Skills

If PFC Jones earns $1400 per month, how much is the recommended minimum she should save each month

$140

LCpl Wu reviewed her LES on MyPay this month and noticed an inaccuracy. What should she do about it?

Take it to her chain of command

LCpl Azimi's base pay is $1800 per month. He also receives partial BAH of $10.00 and BAS of $290. His total withholdings are $300. He pays $250 per month for his car payment, $20 per month for a Navy Marine Corps Relief Quick Assist Loan and the minimum payment on his credit card is $30 per month. What is Azimi's debt to income ratio?

16.7%

At what debt to income ratio might a Marine be considered overextended?

>20%

PFC White wants to increase his TSP contributions. Where does he go to do this?

MyPay

LCpl Jones has PCS orders to Okinawa. Which consumer protection law will allow him to terminate his residential and automobile leases as a result of these orders?

Servicemembers Civil Relief Act (SCRA)

What is the maximum ratio of living expenses to net income PFC Hernandez should maintain?

No more than 70%

What are some avoidable fees a banking institution might charge an account holder?

All of the above

How do you influence your credit score?

All of the above

LCpl Moreno knows he should save for emergency expenses. What is the generally accepted minimum monthly living expenses should Joe try to keep in his emergency fund?

3 months

Which of the following Marines is financially fully extended?

Marine C: $1800/month income, $300/month debt

PFC Kim's living expenses are $1200/month. Her base pay is $1546.80 and she also receives $6.90 in partial BAH and BAS of $367.92. How does her living expense-to-income ratio compare to the recommended maximum living expense-to-income ratio?

Living expenses are less than the recommended maximum ratio

How do you influence your credit score? Check all that apply.

-Check your credit report and correct errors
-Keep balances below your credit limit
-Pay on time

PFC Ramos wants to change her TSP contributions from one fund to a different fund. Where does she go to do this?

TSP.gov

LCpl Smith's base pay is $1800 per month. He also receives partial BAH of $10.00 and BAS of $290. His total withholdings are $300. He pays $350 per month for his car payment, $20 per month for a Navy Marine Corps Relief Quick Assist Loan and the minimum payment on his credit card is $30 per month. What is Smith's debt to income ratio?

22.2%

Which protections exist under the Servicemembers Civil Relief Act? Check all that apply.

-Protection against default, evictions, foreclosures, and repossessions
-Terminate residential and automobile leases due to PCS
-Reduce interest to 6% on certain loans and lines of credit obtained prior to entering active duty