Military Services Financial Literacy Programs
Military Services Financial Literacy Programs
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Program overview
Program overview
It is widely understood within the Department of Defense and among congressional lawmakers that financial readiness is a key part of mission readiness of the total force. The legal basis for a military financial readiness program is found in Section 992 of Title 10, U.S. Code, which includes training, counseling and survey requirements. Please see the detailed summary of specific legal requirements.
It is widely understood within the Department of Defense and among congressional lawmakers that financial readiness is a key part of mission readiness of the total force. The legal basis for a military financial readiness program is found in Section 992 of Title 10, U.S. Code, which includes training, counseling and survey requirements. Please see the detailed summary of specific legal requirements.
The Department of Defense Office of Financial Readiness, within the Office of the Assistant Secretary of Defense for Readiness, is the component lead responsible for implementation of Section 992 of Title 10, U.S. Code. Its mission is to lead the department’s financial readiness efforts to support a mission ready force through policy, programs and advocacy.
The Department of Defense Office of Financial Readiness, within the Office of the Assistant Secretary of Defense for Readiness, is the component lead responsible for implementation of Section 992 of Title 10, U.S. Code. Its mission is to lead the department’s financial readiness efforts to support a mission ready force through policy, programs and advocacy.
To accomplish its mission effectively, FINRED must communicate regularly and consistently with service members and their families, as well as with internal and external stakeholders who influence financial readiness and literacy. All communication from this office must be unbiased, accurate and timely. A detailed annual communication plan, which serves as a framework for the program’s communication and outreach efforts, is developed in order to insure these lofty requirements are met. The annual plan defines communication goals and objectives, identifies target audiences, lists key messages and prescribes effective outreach strategies that support FINRED’s mission.
To accomplish its mission effectively, FINRED must communicate regularly and consistently with service members and their families, as well as with internal and external stakeholders who influence financial readiness and literacy. All communication from this office must be unbiased, accurate and timely. A detailed annual communication plan, which serves as a framework for the program’s communication and outreach efforts, is developed in order to insure these lofty requirements are met. The annual plan defines communication goals and objectives, identifies target audiences, lists key messages and prescribes effective outreach strategies that support FINRED’s mission.
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Purpose of Program
Purpose of Program
According to the National Financial Capability Study – Military Survey – Executive Summary (2010), “Financial problems also can have a direct impact on military readiness.
According to the National Financial Capability Study – Military Survey – Executive Summary (2010), “Financial problems also can have a direct impact on military readiness.
Military personnel, who experience serious financial problems can lose their security clearance, face criminal sanctions or be discharged from the military”.
Military personnel, who experience serious financial problems can lose their security clearance, face criminal sanctions or be discharged from the military”.
The PFMP is responsible for ensuring the necessary financial information and resources are available to Coast Guard personnel and their family members to prevent these situations and others from happening.
The PFMP is responsible for ensuring the necessary financial information and resources are available to Coast Guard personnel and their family members to prevent these situations and others from happening.
Who is Eligible for this Program?
Who is Eligible for this Program?
The PFMP is available to the following members of the Coast Guard
The PFMP is available to the following members of the Coast Guard
- Active Duty, Select Reservists, and their family members
- Civil Service employees
- Exchange System and MWR employees
