Those Dues, Though!
Where is my money going?
You research the available Military Greek lettered Organizations (MGLOs), pay your application fee, complete an interview process and wait. Time passes and you finally receive your acceptance letter. You’re ecstatic! You have to share- so, you post on Facebook and Twitter that you are about to go through with one of the sensational MGLOs. Then you read the rest of the letter and are reminded about your financial obligations. There is an intake fee, initiation fee, and your annual dues- you've just created another debt. Did you just lose a little of that bliss or are you still excited about this new opportunity?
CONTACT US
CUSTOM TEES, POLOS, CHEF'S APRONS & MORE
Instagram: @Fattone1630 Facebook: Eugene Tony Bridges
Call us: 770-256-3422 email: [email protected]
Debt or Investment?
Maybe, a change of mindset is needed. Instead of debt, let’s call the dues an investment. When you invest in stocks or start a new savings account, you research the possibility of loss and the return on your investment. You should do the same when you invest in your selected MGLO. When it comes to being informed, you want to make sure you’re able to accept the financial responsibility that goes along with membership. Your required investment can increase overtime, so that’s something to consider, as well. From the MGLOs that list their schedule of fees and dues, the rates run from $25 for the application to $200 a year for annual membership. These investments typically go towards new membership items presented at initiation, to defray costs of operations, websites, events, and other administrative fees.
When you should be concerned
If your organization fails to give you a schedule of where your dues are going, you should ask questions. Here are questions to start you off:
1. How are my annual dues being spent?
2. How much should I expect my required dues to increase?
3. What are my payment options?
4. What happens if I run into financial difficulties and I can’t pay?
Transparency
One of the most important things to understand when it comes to “those dues” is transparency. If your organization is not transparent about how your membership dues are spent or your options for payment, you should be concerned. Besides, it is your investment, right?