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The Financial Readiness Program is a free proactive and reactive service offered through Army Community Service that encourages a comprehensive education in personal financial readiness through free counseling, classes, and workshops. The program covers indebtedness, consumer advocacy and protection, money management, credit, financial planning, insurance, and consumer issues. Other services offered include mandatory financial literacy, financial planning for transitioning Soldiers, financial counseling for deployed Soldiers and their Families, and the Department of Defense Family Subsistence Supplemental Allowance Program.
Book a Course or 1-on-1 Appointment
FRP offers a wide variety of group workshops and classes, but they also offer one-on-one counseling services. They also will come down to unit areas to train your Paratroopers and Families.
Other financial resources for Soldiers and Families:
Online Support and Education. Go to Financial Frontline for self-service financial literacy education and help.
Blended Retirement System. The Blended Retirement System (BRS) combines elements of the legacy retirement system with benefits similar to those offered in many civilian 401(k) plans. Get smart on retirement benefits with the Army Retirement Services Office and Joint Knowledge Online Training.
MilSpouse Money Mission offers authentic financial tips from Military Spouses worldwide. They have financial experts weigh in with additional information and resources to help deepen your knowledge.
Thrift Savings Plan (TSP). The TSP is a federal government-sponsored retirement savings and investment plan available to both federal civilian employees and members of the uniformed services. The TSP offers the same type of savings and tax benefits that many private corporations offer their employees under 401(k) plans. The retirement income a TSP account provides will depend on working-year contributions and the earnings on those contributions. Learn more at the official Thrift Savings Plan website.
Consumer Financial Protection Bureau (CFPB). The CFPB makes markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. The CFPB gives consumers the information they need to understand the terms of their agreements with financial companies. Learn more about the CFPB, visit the CFPB on-demand forum and tools website, or order free CFPB publications.
Better Business Bureau (BBB) Military Line. The BBB Military Line provides free resources to our military communities in the areas of financial literacy and consumer protection through the efforts of 112 BBBs across the US. Visit the BBB Military Line to learn more.
How do I manage my pay?
myPay is a comprehensive online portal that offers a secure and efficient way to manage your pay and benefits. This is where you will go to access your recent Leave and Earnings Statement (LES), a comprehensive statement of your leave and earnings showing entitlements, deductions, leave information, tax withholding information, and Thrift Savings Plan (TSP) information.
If you joined the military on or after Jan. 1, 2018, or you opted into the Blended Retirement System, the government will automatically contribute an amount equal to 1% of your basic pay to the Thrift Savings Plan even if you don't contribute any money yourself.
If you do pay into the TSP, the government will match your contribution, up to a maximum of 5% of your basic pay. You can change the percent of your base pay and special pay you allocate to TSP on myPay. You have to visit tsp.gov to manage where your funds are allocated. How you allocate your TSP depends on your age and years to retirement.
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