Financial Readiness Program

Helping You Plan For The Future

Financial Readiness on U.S. Army MWR

The U.S. Army Family and Morale, Welfare and Recreation (the G9 Division of the U.S. Army Installation Management Command, known as Army MWR) manages programs and services that support readiness and resilience for Soldiers and Families. Its work enhances the lives of Soldiers, Families, Reservists, National Guard members, DoD Civilians, Retirees and the entire U.S. Army community.  Family and MWR Programs are delivered primarily through a local garrison or installation. To learn more about the resources available at your local garrison, visit the Army MWR website.

Financial Readiness

Financial Readiness

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:  
  • Financial Readiness Affiliates
(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.
  • Consumer Financial Protection Bureau (CFPB). The CFPB makes markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. The CFPB gives consumers the information they need to understand the terms of their agreements with financial companies. Learn more about the CFPBvisit the CFPB on-demand forum and tools website, or order free CFPB publications.
(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.
Last modified: October 1, 2019 - 9:42 pm UTC