An official army family and MWR Site

Financial Readiness Program (FRP)

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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!


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The FRP Office offers workshops and seminars throughout the year. Visit the MWR CALENDAR for up-to-date information about these events.


VIRTUAL FINANCIAL LUNCH & LEARN
with Niki and Leary

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

Login and listen to our Financial Readiness Program Counselors, Leary and Niki, as they host 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.


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

Week 1

  • Thu 12/1 - Developing a Spend Plan: This workshop will help you learn to make and follow a spend plan through using a financial planning worksheet and includes tips to manage spending, create a budget and set SMART financial goals.
  • Fri 12/2 - Best Investments for Military Families: This seminar will provide helpful financial tools designed to help military families. We will discuss the many saving and investment opportunities for service members.

Week 2

  • Wed 12/7 - Managing Credit and Debt: 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.
  • Thu 12/8 - Matrimony: Finances are often an emotionally charged topic, and many couples avoid it altogether, which can lead to financial trouble. Join us to discuss financial goal setting, get tips on talking about money without hurting each other’s feelings and learn why finances are a hot-button topic.
  • Fri 12/9 -  Diversifying Your Portfolio: This seminar will teach you how to build a portfolio that grows with you. Find out how to balance risks and returns. We will also discuss different strategies to produce adequate income despite inflation.

Happy Holidays! - We will resume Lunch & Learn Jan 11, 2023.

 

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

Week 2

  • Wed 1/11 - Life Insurance Part 1: 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.
  • Thu 1/12 - Life Insurance Part 2: Continuation of discussion from 01/12.
  • Fri 1/13 -  Tax Preparation: This Workshop discusses the U.S. Tax System and the goals of personal tax planning. Topics include who should file taxes, how to file taxes and introduces tax publications specific to Service Members.

Week 3

  • Wed 1/18 - Security Implications of Financial Mismanagement: This seminar discusses financial mismanagement, ethics, security clearances and the OGE450.
  • Thu 1/19 - Identity Theft: This seminar discusses how thieves steal your identity and what you can do to deter, detect and defend against identity theft.
  • Fri 1/20 -  Planning Your Financial Future: This seminar focusses on New Year financial goal setting.

Week 4

  • Wed 1/25 - Estate Planning Part 1: Learn about estate planning topics, terms, types of documents, getting organized, digital estates, ideas and more!
  • Thu 1/26 - Estate Planning Part 2: Continuation of discussion from 01/25.
  • Fri 1/27 -  Shedding the Debt Weight: This seminar will discuss strategies that will help you attack debt head-on, reduce the debt weight and achieve financial freedom!

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!

 

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.

 

More Community Support

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Virtual Workshop: How To Smart Start Your Small Business

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