Hanscom AFB Finance Office: Your Guide to Financial Wellness

The Hanscom Air Force Base Finance Office plays a crucial role in supporting the financial well-being of military members, their families, and civilian employees stationed at or near the base. Located in Massachusetts, this office provides a comprehensive suite of services designed to navigate the complexities of military pay, entitlements, and personal financial management.

One of the primary responsibilities of the Finance Office is managing military pay and allowances. This includes ensuring accurate and timely payment of basic pay, special pays, and allowances such as Basic Allowance for Housing (BAH) and Basic Allowance for Subsistence (BAS). Personnel can visit the office to address pay discrepancies, update direct deposit information, and understand the intricacies of their Leave and Earnings Statement (LES). The office also processes travel vouchers, reimbursing members for authorized travel expenses incurred during temporary duty assignments (TDYs) or permanent change of station (PCS) moves.

Beyond pay-related matters, the Hanscom Finance Office offers a range of financial counseling and education services. Certified financial counselors are available to provide personalized guidance on budgeting, debt management, credit repair, and investment strategies. They can assist individuals in developing realistic financial goals, creating spending plans, and understanding the impact of various financial decisions. These services are particularly valuable for junior enlisted members who may be new to managing their finances independently.

The office also plays a key role in educating service members on the Thrift Savings Plan (TSP), the federal government's retirement savings plan. Counselors can explain the benefits of participating in the TSP, assist with enrollment, and provide guidance on investment options. They can also advise individuals on how to manage their TSP accounts effectively to maximize their retirement savings.

Furthermore, the Hanscom Finance Office often conducts workshops and seminars on various financial topics, such as home buying, estate planning, and tax preparation. These educational programs aim to empower individuals with the knowledge and skills necessary to make informed financial decisions throughout their military careers and beyond.

In addition to its direct support to military personnel, the Finance Office also provides services to civilian employees, addressing payroll issues and offering guidance on federal benefits. They can answer questions related to retirement plans, health insurance, and other employee benefits.

The Hanscom AFB Finance Office is committed to promoting financial readiness and resilience among its community. By offering a combination of pay management services, financial counseling, and educational programs, the office helps individuals achieve their financial goals and secure a brighter financial future.