An official army family and MWR Site

Financial Readiness Program (FRP)

 

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:

  • 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, and consumer issues. Other services offered include mandatory financial literacy, financial planning for transitioning Soldiers, financial counseling for deployed Soldiers and their Families, and the Department of Defense Family Subsistence Supplemental Allowance Program.
     
  • 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.

 

Here are some other financial resources for Soldiers and their Families:


(Government Links)

  • Thrift Savings Plan (TSP). The TSP is a federal government-sponsored retirement savings and investment plan available to both federal civilian employees and members of the uniformed services. The TSP offers the same type of savings and tax benefits that many private corporations offer their employees under 401(k) plans. The retirement income a TSP account provides will depend on working-year contributions and the earnings on those contributions. Learn more at the official Thrift Savings Plan website.

 

(Non-Government Links, No Endorsement Implied)

  • Better Business Bureau (BBB) Military Line. The BBB Military Line provides free resources to our military communities in the areas of financial literacy and consumer protection through the efforts of 112 BBBs across the US. Visit the BBB Military Line to learn more.

 

The Financial Readiness Program helps educate service members about personal financial management. Consumer assistance is offered in cases involving conflict with local businesses. In all cases, counseling is provided on an individual and confidential basis.

ACS Financial Services is now offering VIRTUAL counseling and seminars!


FRP-LunchLearn_header.jpg

VIRTUAL FINANCIAL LUNCH & LEARN
with Leary

Dates: Wednesday - Friday
Time: Noon - 1 p.m.

Login and listen to our Financial Readiness Program Counselors, Leary, as he hosts dynamic discussions of current events, financial topics, take your requests and questions, and engage the audience.  This is an opportunity to listen in as your schedule allows.


June Lunch & Learn Topics below.
Registration is not required and all classes are free!

Week 1

  • Wed, Jun 5 - Pre-Deployment/Post Deployment - Part 1: Planning and preparing for the financial changes associated with a deployment can reduce stress and help you make the most of the situation. We’ll cover some of the benefits and potential financial pitfalls of deployment to help you remain financially secure during the deployment cycle.

  • Thu, Jun 6 - Pre-Deployment/Post Deployment - Part 2: Planning and preparing for the financial changes associated with a deployment can reduce stress and help you make the most of the situation. We’ll cover some of the benefits and potential financial pitfalls of deployment to help you remain financially secure during the deployment cycle.

  • Fri, Jun 7 - Planning your Budget for Events & Holidays: We will provide strategies to help you financially plan for those major events or for the next big holiday.

Week 2

  • Wed, Jun 12 - Dream Big Plan Now: This will be an open discussion.

  • Thu, Jun 13 - Achieving Financial Wellness Like a Millionaire: This seminar will teach you how to meet your current and future financial goals and feel secure in your financial future.

  • Fri, Jun 14 - Promotion: In this seminar, we will review your finances to help set you up for a successful and prosperous future. We will cover four main topics: Financial Planning, Saving for Retirement, Career Investment Programs and Financial Resources.

Week 3

  • Wed, Jun 19 - Juneteenth (Holiday): No session.

  • Thu, Jun 20 - Tricare 101​​​​​​​: Join us for an overview of Tricare and other related benefits with our Health Benefits Advisor from Kirk U.S. Army Health Clinic. Topics will include: Eligibility Enrollment & Beneficiary Categories, Program Options, Priority Access to Military Facilities, Pharmacy & Dental Program Options, Transitional Coverage, Costs and Contact Information.

  • Fri, Jun 21 - Dispel the Myths: Security Clearances and Mental Health: Mental health is just as important as staying physically fit or treating a physical injury. Studies have shown that Soldiers and other personnel that require security clearances do not seek behavioral health treatment for fear that it will result in a loss or denial of their clearance eligibility. This brief will discuss the policy and process changes to provide awareness of what is myth and what is fact in how reporting mental and behavioral health treatment does or does not affect a clearance.

Week 4

  • Wed, Jun 26 - Understanding Credit Cards: In this seminar we will discuss how using credit cards wisely can benefit participants as well the risks in having a credit card. We will provide tips on reducing credit card debt and understanding credit reports.

  • Thu, Jun 27 - Disaster Preparedness: This will be an open discussion.

Fri, Jun 28 - Insurance Needs: Smart insurance planning begins with a detailed assessment of your immediate insurance needs. This seminar will help you learn to conduct reassessments when significant life events occur and assist you in managing risk and protect yourself from financial loss.


July Lunch & Learn Topics below.
Registration is not required and all classes are free!

Week 1

  • Wed, Jul 3 - Holiday Brief: This seminar is designed to help you plan for the added expenses of the holidays and special events. We will discuss strategies to avoid overspending and accumulating excessive debt.

  • Thu, Jul 4 - Independence Day (Holiday): No session.

  • Fri, Jul 5 - Holiday Break: No session.​​​​​​​

Week 2

  • Wed, Jul 10 - Banking Essentials: This seminar explains how to choose financial services and institutions to meet your needs. Basic information on banking and checking accounts and other financial services will be provided.​​​​​​​

  • Thu, Jul 11 - Building Strong Credit: This seminar provides information on credit establishment, credit management, and debt relief. It introduces debt-to-income ratio concepts, the importance of monitoring credit reports and scores, and briefly addresses the SCRA and bankruptcy.

  • Fri, Jul 12 - Divorce and Finance: The financial effects of divorce are stressful! The goal of this class is to help reduce uncertainty associated with the financial aspects of divorce. We’ll share information to help you make smart, informed financial decisions so you can emerge from your divorce with greater financial confidence.

Week 3

  • Wed, Jul 17 - Planning for Retirement: This seminar offers important retirement information and provides useful insights to people who are planning for retirement, and those already retired who are rethinking their retirement finances.
  • Thu, Jul 18 - Finding your Next Job: A job search can make most people cringe in nervousness, as finding a job is not the easiest task to do – especially in this economic climate. This seminar invites you to an employment-seeking discussion for Spouses and transitioning Service Members.

  • Fri, Jul 19 - Overview of the Employee Assistance Program (EAP): Join us for an overview of the Employee Assistance Program (EAP). You will be provided insights and ways to work through various life challenges that may adversely affect job performance, health, and personal well-being to optimize an organization's success. We will explore top reasons for engaging the EAP. Discussion will identify primary financial stressors and provide related training on how to combat anxiety and depression through self-care.

Week 4

  • Wed, Jul 24 - Saving and Investing: This seminar will identify reasons to save and how to set goals for a savings plan. Participants will explore the difference between short term savings and long term investments.

  • Thu, Jul 25 - Millionaire Money Management: This seminar is a great way to set yourself up for financial success while creating a solid financial base.

  • Fri, Jul 26 - Paying for College: Learn tips and tools to help you find ways to offset the cost of college! This seminar will discuss different types of educational benefits for the Military and financial aid for you and your children, including scholarship opportunities and college savings plans.

Week 5

  • Wed, Jul 31 - Consumer Awareness: This seminar introduces consumer rights as stipulated by federal and state laws. It discusses specific rights for Service Members. It also reviews steps to take appropriate action if you fall victim to predatory financial practices.

Sign-in using the MS Teams link below at least 5 minutes prior to the start time.

Registration is not required. If you're not already a member, you will need to download Microsoft Teams (MT) and join using your browser.

Meeting Link: https://dod.teams.microsoft.us/l/meetup-join/19%3adod%3ameeting_fa05f9ce9fe74eecbda9633ea427aa11%40thread.v2/0?context=%7b%22Tid%22%3a%22fae6d70f-954b-4811-92b6-0530d6f84c43%22%2c%22Oid%22%3a%22f14eefb9-bf53-4af5-81a0-13c3337e7565%22%7d


Personal Budgets - Handling Credit Wisely - Planning for the Future
ACS Financial Professionals will be at the ready to give you professional advice and answers...virtually!