Military Pay and your Leave and Earnings Statement (LES) - continued

Introduction to Personal Finance

An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families.

Introduction

Evaluating Your Situation

Budgeting & Debt Management

Goals & Plans

Insurance & Disability Planning

EVALUATING YOUR CURRENT SITUATION

1.	Getting Started
	1.1	Determine Your Net Worth
	1.2	Determine Your Net Income
	1.3	Military Pay and Your Leave and Earnings Statement (LES)
	1.4	Veterans Eligibility and Benefits
	1.5	Basic Allowance for Housing (BAH)
	1.6	Clothing Allowance
	1.7	Learning Check

1.3 Military Pay and your Leave and Earnings Statement

(LES) – continued

What is the LES?

Every month, service members receive a one-page Leave and Earning

Statement called an LES or the Defense Finance and Accounting Service

(DFAS) Form 702.

Right-click on the hyperlink and choose “save target as…” to

download a

detailed explanation of Form 702.