About
The course is a specialized educational program tailored for military personnel and their families, designed to impart essential skills and knowledge for effective personal financial management within the context of military life. The course covers several key areas: Budgeting and Financial Readiness for Military Life: This foundational module is customized to address the unique financial challenges and opportunities faced by military families. It introduces the principles of creating and maintaining a personal or family budget, with a focus on the irregular income and expenses common in military life. Participants learn the importance of tracking expenses, understanding cash flow, and developing strategies to manage finances effectively during deployments, relocations, and transitions to civilian life. Savings and Investment Basics for Service Members: This segment delves into the basics of saving and investing with a military focus. Participants are introduced to the Thrift Savings Plan (TSP), special savings accounts available to deployed service members, and other investment vehicles suited to their unique financial landscape. The module aims to provide a solid foundation for making informed investment decisions, emphasizing the importance of saving for retirement and understanding the power of compound interest. Credit and Debt Management in the Military: This critical segment focuses on the role of credit in personal finance, with special considerations for military personnel. It covers topics such as obtaining and maintaining good credit, understanding credit reports and scores, and effectively managing debts, including strategies for utilizing military-specific benefits and protections under laws like the Servicemembers Civil Relief Act (SCRA). The course also addresses strategies for dealing with common debt-related challenges in a military context.
You can also join this program via the mobile app. Go to the app