How to Read Your Leave and Earning Statement

A service member looking at a computer screen with the MyPay website open

If you've looked at your leave and earning statement and wondered if there was code to decipher it, you are not alone. It's the best of what the military has to offer when it comes to abbreviations, acronyms and lots of information. But you're in luck, because this particular item actually does come with a code. Understanding your leave and earning statement is the first step to managing your money and achieving your financial goals.

Your leave and earning statement is one of the most important financial documents you have. It's the monthly report of your earnings, deductions and leave balance that helps you budget and save for your monthly expenses as well as your dream vacation or that new car.

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