Living on your living allowance won’t be easy. You’ll need to plan carefully and spend your money thoughtfully in order to get by during your year of service.
As simple as it sounds, developing a budget is an essential step in your financial planning. It only takes a few minutes, but the benefits that come from understanding and balancing your income and expenses will last through your term of service and beyond. The simple calculator below can help you think through some of the challenges and tradeoffs you’ll face.