Finances
Financial readiness is a critical component of family readiness. The Department of Defense (DoD) believes personal financial readiness of service members and their families is essential to the overall readiness of the military. Today’s complex financial environment presents challenges to all families, but can be especially difficult for military families balancing deployment, relocation, an injured service member, or retirement. DoD has a dedicated Financial Readiness Campaign designed to enhance financial readiness through education and information. The information in this section is designed to provide an overview of the financial resources and services available to military families.
Resources
BBB Military Line® provides financial literacy and consumer protection resources through 164 BBBs across the U.S. The five components of the program include education, outreach, information, data collection and complaint and dispute resolution. Military families can file a consumer compliant through the BBB Military Line.
Military Saves is a social marketing campaign to persuade, motivate, and encourage military families to save money every month, and to convince leaders and organizations to be aggressive in promoting automatic savings. For more information visit www.militarysaves.org.
The Office of Servicemember Affairs (OSA) ensures military personnel and their families have a voice at the Consumer Financial Protection Bureau (CFPB). The OSA will actively monitor complaints and coordinate responses with staff, other federal agencies, and state agencies.
Save and Invest Developed by the Financial Industry Regulatory Authority Investor Education Foundation, www.SaveAndInvest.org/Military is a financial education program for military personnel and their families.
Find out more about:
Service Resources
Military Lending Act
Taxes
Military Spouse Residence Relief
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