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How To Understand The Military Pay Leave and Earning Statement
ChannelMike DamazoDescription from the creator
How to understand the military leave and earning (LES) statement. For those that don't know the military pay stub is referred to as the LES. This video breaks down the different sections of the military leave and earning statement to better understand your army pay, navy pay, air force pay, or marine pay. Link for MyPay mypay.dfas.mil/
🇺🇸 youtu.be/68oxmJJcV1Q
💵 youtu.be/eRnvSzSSoVI
💰 youtu.be/AptHYEG-c0Q
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First, Pay, Allowances and Allotments. With Pay it doesn't really change much unless you move up in rank or your time in service changes. So those are times I'll look it to make sure I get the right amount of coins. For allowances when I transferred back to San Diego from Central California making sure I was receiving the correct amount for BAH, basic allowance for housing was accurate. You know or have heard of the horror stories where you transfer and you still have an old BAH amount so you don't question it, but once the Military corrects it they will be quick to deduct that extra pay you were receiving.
Key takeaways from my experience to help you out is You get paid on the 1st and the 15th. So this info is in two places, your mid-month pay and end-of-month pay. Make sure to verify your TSP contributions and insurance premiums are being taken out correctly. The LES is separated like this: Monthly base pay, additional entitlements (special pay or allowances), deductions, allotments, tax withholding, TSP contributions, insurance deductions, leave information.
DISCLOSURE: This video description may contain affiliate links. When you purchase an item via these links, I receive a small commission at no extra cost to you. Thank you so much for your support!
Tags:
#MilitaryWealthResource #MilitaryPay #PersonalFinance
youtu.be/ZBFJYQGOG_0
KEYWORD TAGS:
Military pay chart, les military pay stub, civilian leave and earning statement, how to read les navy, military pay stub template, terminal leave army, military les dates, what is a leave and earning statement- LES, leave and earning statement military, leave and earning statement explained, leave and earning statement guide, military LES, FITNESS WEALTH, MIKE DAMAZO
🇺🇸 youtu.be/68oxmJJcV1Q
💵 youtu.be/eRnvSzSSoVI
💰 youtu.be/AptHYEG-c0Q
🏹Robinhood join.robinhood.com/michaed5295
📊M1 Finance m1finance.8bxp97.net/fitnesswealth
🔵WeBull act.webull.com/kol-us/share.html?hl=en&invi…
⚡️Subscribe to the channel (turn the notifications on) either above or here: goo.gl/d2zGAo
Stuff I Use 👾
Amazon Prime: amzn.to/2CPrMce
Audible: amzn.to/2QqBKcj
SwitchPod bit.ly/32wyRcY
Sony RX 100 VII amzn.to/2BrqOSR
Sony A7ii amzn.to/33MzsaX
📲Links
FitnessWealth: instagram.com/fitness.wealth
Grace: instagram.com/gracebfitness
First, Pay, Allowances and Allotments. With Pay it doesn't really change much unless you move up in rank or your time in service changes. So those are times I'll look it to make sure I get the right amount of coins. For allowances when I transferred back to San Diego from Central California making sure I was receiving the correct amount for BAH, basic allowance for housing was accurate. You know or have heard of the horror stories where you transfer and you still have an old BAH amount so you don't question it, but once the Military corrects it they will be quick to deduct that extra pay you were receiving.
Key takeaways from my experience to help you out is You get paid on the 1st and the 15th. So this info is in two places, your mid-month pay and end-of-month pay. Make sure to verify your TSP contributions and insurance premiums are being taken out correctly. The LES is separated like this: Monthly base pay, additional entitlements (special pay or allowances), deductions, allotments, tax withholding, TSP contributions, insurance deductions, leave information.
DISCLOSURE: This video description may contain affiliate links. When you purchase an item via these links, I receive a small commission at no extra cost to you. Thank you so much for your support!
Tags:
#MilitaryWealthResource #MilitaryPay #PersonalFinance
youtu.be/ZBFJYQGOG_0
KEYWORD TAGS:
Military pay chart, les military pay stub, civilian leave and earning statement, how to read les navy, military pay stub template, terminal leave army, military les dates, what is a leave and earning statement- LES, leave and earning statement military, leave and earning statement explained, leave and earning statement guide, military LES, FITNESS WEALTH, MIKE DAMAZO
About this tutorial
Mike Damazo published this 6:47 video tutorial on July 5, 2020. It has been watched 948 times on YouTube.
- Channel
- Mike Damazo
- Category
- Howto & Style
- Duration
- 6:47
- Published
- July 5, 2020
- Views
- 948
- Likes
- 37
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