Background

A wide variety of resources are available to help put service members and their families on the path to financial freedom. Through local Family Assistance Centers, each military Service offers financial resources, counseling, information, and referral. Experts can help with saving, investing, reducing debt, and planning for retirement.

Key Points

• Military OneSource "Money Matters" provides financial calculators, articles, and DVDs and CDs regarding financial wellness, how-to strategies, sample budgets, mortgages, and foreclosures.
• Military OneSource is available all day, every day to provide up to twelve sessions (per person, per issue) of free, confidential financial counseling with a certified financial professional.
• Financial professionals are available at military installations to provide on-site group financial counseling, workshops, classes, and one-on-one private financial counseling. Services include prevention education, mandatory classes and training, debt liquidation assistance, consumer advocacy services and complaint resolution, coordination with emergency financial assistance organizations, and financial classes for youth and teens. Financial professionals also provide services for individual unit and command-level events (e.g., family days, deployment readiness briefings) through the Joint Family Resource Center.
• Partnerships with non-profit organizations help provide financial education, resources, and programs to service members and their families.

Eligibility

Active duty, Guard and Reserve members, and their families are eligible regardless of mobilization status.

Availability

Services are available worldwide at military installations, online, by telephone, and through community-based partnerships.

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