Manage Your Money With a Spending Plan
Did you realize that if you have trouble managing your finances, your unit readiness will be affected? It's true. Money problems affect not only your life, they also affect the lives of those in your unit. How? If you have financial problems, your job performance and your personal life will suffer and you could lose your security clearance. All of these factors directly affect unit readiness.
Monitor Your Financial Health
Applying for a loan is a common first step toward buying a home, buying a car or going back to school. The application process itself can be stressful, and there’s nothing worse than hearing your loan application was denied. Even with a steady income and a good payment history, your loan application could be rejected because you already have too much debt.
Managing Your Debt
FINRA Foundation research shows a significant number of military families have large credit card debt, with one in four respondents reporting outstanding balances of more than $10,000. Use these tools to learn more about credit scores, managing credit and ultimately making better financial decisions.
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.
Save Money Every Day
As a new service member, you probably have financial pressures you've never faced before, such as paying rent or buying a car. And you're beginning to make financial choices that can negatively or positively impact your future, such as paying off credit card debt.
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.”
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.
Predatory Lending Warning Signs
Payday lending (sometimes called a "cash advance") is the practice of using a post-dated check or electronic checking account information as collateral for a short-term loan. To qualify, borrowers need only personal identification, a checking account and income from a job or government benefits, like Social Security or disability payments.
Smart Financial Management Starts With Smart Choices: Making Ends Meet
Learn how certain milestones in your life can have financial benefits and consequences.