- Financial Readiness Program (FRP). FRP provides comprehensive educational and counseling programs in personal financial readiness. The program covers indebtedness, consumer advocacy and protection, money management, credit, financial planning, insurance, investing, and consumer issues. Other services offered include Mandatory Financial Readiness Common Military Training Financial Readiness CMT, financial planning for transitioning Soldiers, financial counseling for deployed Soldiers and their Families, and the Department of Defense Family Subsistence Supplemental Allowance Program and Basic Needs Allowance.
- Army Emergency Relief (AER). AER is the US Army's own nonprofit organization dedicated to alleviating financial distress in the force. AER provides grants and zero-interest loans to active-duty and retired Soldiers and their Families. AER has supported over 4 million Soldiers since 1942. AER offices are conveniently located at installations around the world. Visit ArmyEmergencyRelief.org to learn more.
- Online Support and Education. Go to Financial Frontline for self-service financial literacy education and help.
- Financial Well-Being Assessment. FWBA You go to the doctor to check on your physical health — but when is the last time you checked on your financial health? The Financial Well-Being Assessment can help you conduct a "checkup" on your financial health. No matter where you are in your military career, taking time to assess your financial well-being can provide insights into whether you’re on the right path or have some areas to improve.
- 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 by visiting MyArmyBenefits.
- Thrift Savings Plan: A Federal Government-sponsored long-term retirement savings and investment plan, available for both Federal civilian employees and members of the uniformed services.
- U.S. Savings Bonds: A shorter-term savings option with competitive interest rates and backed by the full faith and credit of the United States.
- Annual Credit Report: Free online credit reports are available from Equifax, Experian and TransUnion. Credit reports play an important role in your financial life, and we encourage you to regularly check your credit history.
- Military OneSource: A Department of Defense-funded program that provides comprehensive information on every aspect of military life including financial readiness at no cost to active duty, National Guard, reserve members, and their Families.
- Office of Servicemember Affairs: A component of the Consumer Financial Protection Bureau helps to educate and empower military members, veterans, and their Families in the consumer financial marketplace.
- FINRA For Investors: A tool to use when making a decision for investments. They offer tips to help service members, making sure they are protected and are asking all the right questions when navigating investments.
- Service Credit Union: SCU provides products and services that fit the unique needs of their members. They offer lots of good resources to our military communities in the areas of financial literacy. View their Banking for Military Members webpage HERE to find out more.
- Community Bank: Community Bank offers a wide range of country-specific and stateside-like products and services to help you manage your money while living overseas. Their associates will help you customize a unique blend of localized services to help you pay your local and stateside bills, obtain U.S. Dollars and local currency easily and affordably, and even help you structure a savings plan for covering potential emergencies. They can even help you with becoming more financially literate. Visit their website HERE.
Want to take charge of your finances? The Army's Financial Readiness Program (FRP) and Consumer Advocacy Services can help with comprehensive educational and counseling programs. Learn about debt, consumer advocacy and protection, money management, credit, financial planning, insurance, and consumer issues. Through classroom training and individual counseling, participants can learn how to save and invest money, establish savings goals, eliminate debt, and save for emergencies.
We offer:
Here are some other financial resources for Soldiers and their Families:
