Budgeting Bootcamp for Your Teen

From Not Made of Money

There are five major stages (or aspects) to every mission. Objective acquisition, reconnaissance, planning, execution and debriefing (a.k.a. reflection). In order to have a successful mission and a successful series of missions to make up a campaign, each aspect has to be done and done well.

Objective acquisition: decide on what you want, whether it be a diplomatic goal, a rescue, an attack, etc.

Recon: gather as much information as possible within a reasonable ore required timeline about what you will be up against, where you will be and what resources you will have at your disposal.

Planning: use your recon to plot out your execution. Your entry points, rally points, landmarks, exit strategies and back-up plans.

Execution: follow your plan. If the situation leaves your control and deviates from the plan, refer back to your recon.

Debriefing: The importance of this stage is very often underrated but it is often the most important. Gather and reflect on all the information about the execution. What went wrong, what went right, and anything else you noticed along the way that might help the recon process of future missions. Learn not only from your mistakes, but also from your successes.

These are tools I was given as an NCO in the US military and now that I’m once again a civilian, I find that these tools help me in every day life the same way that they helped me in the armed forces. My son is fascinated by the military and is very proud that I am a veteran. My experience has given me a resource to teach him things that he might otherwise find uninteresting. He is at the age now where he needs to start learning about managing his money, and I found that these five aspects of a combat mission have a profound parallel to successfully managing one’s finances. Here is the plan I created for him: Read the entire article.

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