Comments on: Getting Started..

By: nanceoso

nanceoso — Sat, 28 Jun 2008 09:04:49 +0000

Dear Kris,
I also did the Bank Acct. thing but went one step further, I am on all his accts in the Bank of America where I also have an acct and can transfer money in 1 second with no fee on line to his acct. and keep him from bouncing any checks or payments that were set up before he went in Also he signed a power of attorney over to me as he will be most of the time oversees. So we covered all the bases so he wouldn’t have to worry about anything and he hired me as his personal accountant So I pay his bills and tell him what he has a week to spend and he tells me what he wants to put aside in savings goal ect.. and as power of attorney I can just about go and fix any sneaky foul play I have been finding the credit card companies and cell phones and internet guys pulling in fines and extra add on services that he didn’t authorize because they notice he is in the service and hope he is to far away to take care of it, or bother to take care of it. Did you know that the Air Force has attorney’s and if a company is pulling foul play and you get an air force attorney to threaten them then they get scared because if they get black listed by the service then no branch of the service is allowed to do business with them. So they fix it very fast. We found that out with my sons Audi lease. But the power of attorney has come in very handy even for very small matters and small amounts. Because the banks think they can pull anything once the kids are in the service. But, yes, I advise any parent to get on the checking acct. with their child and for their child to call all the credit card co.s and fax them a letter giving permission for you to represent them also and keep a signed copy also of everything yourself.
Nanceoso

By: Connie

Connie — Thu, 12 Jun 2008 14:08:18 +0000

Thank you so much for this. My son left Mon. for his first overseas assignment, to REMOVED FOR OPSEC . He is in the Navy and had been stationed in THE US..REMOVED FOR OPSEC , which I could handle. But him being so far away, I am making the adjustments, with support from my friends.

By: Kris

Kris — Fri, 30 May 2008 04:49:35 +0000

This is a great idea for military parents. I think when the new to the (Army-for me)military moms/parents have a hard time because they don’t even know what questions to ask. Another thing I learned was to put your name on your soldiers’ checking account so you could access it or help out if they need you to help. For example, I took some money out and put it in a high interest CD for my son. If he runs low on money I can transfer money from my account to his. I did his taxes the first year so I had his account number. And I can see where he is spending money, even if I don’t hear from him I know he is okay!
Cheers,
Kris
PAM of Philip(Korea)