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About the Financial Management Awareness Program

Financial services, as referred to in the law, are defined as life insurance, casualty insurance and other insurance; investments in securities or financial instruments; banking, credit, loans, deferred payment plans, and mortgages.

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Personal Financial Management Counseling Options

The Department of Defense offers a number of financial counseling options for you and your family to help plan and control your financial future.

General

MilTax: Tax Services for the Military

MilTax preparation and e-filing software is available mid-January through mid-October. Powered by an industry-leading tax service provider, it’s designed to address situations specific to the military. This easy-to-use, self-paced tax software walks you through a series of questions to help you complete and electronically file your federal return and up to three state tax forms. Calculations are 100% accurate – guaranteed by the software provider.

Resources

Taxes – Resources

As a service member or eligible family member, you can take advantage of several resources and services that can make tax time easier. Tap into 100% free tax and financial counseling, secure online preparation and free tax filing, and information. …

Money Management Service Regulations and Orders

Military programs are governed by federal law, Department of Defense policy and additional policies specific to the branches of service. The below are service-specific policies that govern financial management education and counseling programs in. …

Financial Services to Keep You Financially Fit

National Guard members and their families face many of the same challenges as active-duty military families. Your Guard status does, however, mean that you face some unique issues, like connecting with the resources you need when you don’t live near an installation and transitioning back to your civilian job.

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Personal Finance – Resources

Service members and their families have access to numerous resources to save money and manage expenses. Learn more about ways to save and protect your family’s financial health with the following. …

Money Management Legislation

Military programs are governed by federal law, Department of Defense policy and additional policies specific to the branches of service. The below are the excerpts from federal law that govern financial management counseling in the. …
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Living on Your Military Paycheck

You can take control of your financial future today. Start small with a few simple changes to save more, spend less, and better manage your day-to-day finances.

Essentials

Budgeting and Saving – The Essentials

In the military, you learn to prepare for the future using the tools at your disposal. When it comes to saving money, the military provides several tools so you can build a secure financial future. The more money you save, the more prepared you will be for opportunities or unexpected events that come your way. You may want to buy a new car, help your children pay for college or start contributing to your retirement. Military OneSource provides the resources and information to help you master the skills of budgeting and saving so that you can build financial security.

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Support for Financial Stresses Caused by COVID-19

The coronavirus outbreak may affect many aspects of your military life, including financial readiness. If you and your family are experiencing challenges, the Department of Defense offers a number of services to help you take control and minimize financial distress.

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Financial Readiness = Mission Readiness

The Financial Management Awareness Program is here to help you alleviate financial distress so you can be “Always Ready, Always There.”

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Financial Counseling Services for a Secure Future

Financial security at home helps you be more focused and mission ready. To help you be your best both financially and professionally, Military OneSource offers free financial counseling to service members and their families on issues such as budgeting, money management and debt reduction.

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11 Calculators to Help You Scope Out Your Personal Finances

Buying a car or appliance? Applying for a loan? Paying off debt? Saving for college? Take more control of your personal finances. Military OneSource has assembled 11 calculators to show you how to pay off debt and help you better manage life's financial decisions.