Military Money Matters: 3 Resources to Encourage Financial Readiness


Did you attend the 2016 annual Association of the United States Army (AUSA) Meeting & Exposition? I had the chance to be there and I thought the family forums were a great way to learn about resources and topics of concern for service members and their families.

Preparing for a Life in or Outside the Army through Financial Readiness, Military Spouse Employment and Entrepreneurship” was a forum where various speakers touched on the importance of financial readiness within the Army.  There are three key resources that I would like to share with you, regardless of your branch:

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  • Command Your Cash Microlearning Center

The USAA Educational Foundation’s simple purpose is to lead and inspire actions that improve the financial readiness for the military and local community. The Command Your Cash Microlearning Center consists of tools, tips and tactics to help military members develop sound financial habits and take control of their personal finances. These courses can be used to support your financial decision making and improvement by taking one or all four of the following areas: build your credit, manage your debt, save your money, and control your spending. Sign up and get started and make sure to follow them on social media and use #CommandYourCash to share what you have learned.

  • Consumer Finance Protection Bureau (CFPB) Financial Coaches

CFPB launched 60 financial coaches throughout Department of Labor job centers and more than two dozen non-profit social services providers across the country to provide one-on-one coaching to help service members and their families plan for financial success. These financial coaches are free, trusted and certified AFCPE professionals ready to help your military family. Check out a list of financial coaching delivery sites, or visit the CFPB website for more information. A telecoaching function has been added for those service members and their families that are not near any of these centers. You can also look into On Demand Virtual training forums and tools through the CFPB website.

  • 2018 Blended Retirement System

Mr. Steve Hansen from Army G-1 briefly spoke about the blended retirement system that will take effect January 1, 2018. Those currently serving will have the choice to opt into the system, and there will be online training and resources uploaded to the Joint Knowledge Online system, as well as one-to-one opportunities if the service member still has questions and/or concerns. It is imperative more, now than ever, to begin planning whether it is beneficial for the service member of 12 years or less to opt into the new system. Has your family started planning for retirement?

Take this information and tackle your own financial challenges and turn them into successes. Are you educating yourself in the upcoming retirement changes and the long term positive affects it can have in your retirement portfolio? There is still time.

Share with us if you have used any of these programs already and how they have helped you and your family!

cynthia-gPosted by Cynthia Giesecke, NMFA Volunteer and 2012 Military Spouse Fellow candidate for the Association for Financial Counseling and Planning Education (AFCPE) and part of the NMFA “Military Family Matters” blog team

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