Personal Finance

Lifelong Learning Center Building 7122
Monday - Friday 8 a.m. - 4:30 p.m.                                                                                                                                  (229) 639-6440 for more information

Personal Financial Management assists Marines, Sailors, and their family members in developing realistic budgets, reducing debt, and resolving consumer complaints. These services are free of charge and part of your benefits by serving in the U.S. Marine Corps.

What we offer

Retirement Planning

Understanding military retirement benefits

Thrift Savings Plan

ROTH Individual Retirement Accounts (IRA)

Traditional IRA's 

 

Money Management

Understanding pay and allowances

Developing a budget

Using credit wisely

Planning for major purchases

 

Workshops

Personal Financial Management offers classes on the following topics:

Car Buying

Home Buying

Thrift Savings Plan

Investing Basics

Developing a Spending Plan

Understanding Civilian Health Insurance

Money Habitudes

 

Online Resources

http://www.consumer.ga.gov/consumer-topics/military-consumer-protection-resource-page  Military consumer protections under Georgia state law.

http://www.consumerfinance.gov/    Consumer Financial Protection Bureau offers consumer information to avoid and respond to identity theft, unlawful practices related to lending, and common purchases, such as vehicle and home buying.

https://www.personalfinanceformilitarylife.org/calculators OSD has developed these calculators to help with basic financial understanding of military to civilian pay, auto loan comparisons, and other important financial decisions.

https://www.saveandinvest.org/military  The Financial Industry Regulatory Authority (FINRA) provide investor education via this site, which also has information specific to the military, including resources for transitioning out of the military and the Military Spouse Fellowship Program.  The Fellowship is awarded to multiple military spouses each year to help pay for the expenses of earning the Accredited Financial Counselor credential from the Association of Financial Counselors, Planners,and Educators (AFCPE).

https://www.milspousemoneymission.org  The Military Spouse Money Mission provides education and resources to spouses so that they are empowered and educated about the subject of money.

https://www.nmcrs.org Navy Marine Corps Relief Society provides no interest loans and sometimes grants to help service members and their families with emergency assistance.  Also, they provide financial education through budgeting and scholarships to help military family members attend higher education.  Their Budget for Baby program prepares expectant parents with information on what expenses to anticipate as well as a gift card and supplies to prepare financially.

https://tricare.benefeds.com  Site for vision and dental plans that retiring service members and their families can opt into.  It's important for retirees to update their DEERS information and contact TRICARE within 30 days of their retirement to maintain benefits eligibility.

https://militarypay.defense.gov/calculators/active-duty-retirement/final-pay-calculator/  Allows you to input your specific military service details to calculate an estimate of your retired pay.  Other calculators are available, including regular military compensation, Blended Retirement System, and Survivors Benefit Plan.

https://finred.usalearning.gov/  DoD Office of Financial Readiness provides educational content on a variety of military topics, including Thrift Savings Plan, and Blended Retirement System, deployment, among others.  This site has content relevant to all branches of military service.

https://actuary.defense.gov  DoD's Office of the Actuary has several statistical resources, but also provides calculators for the Survivor Benefit Program so that retiring SMs and their spouses can reasonably estimate SBP premiums.  This is important in making an informed decision about electing or not electing SBP at retirement.

https://benefits.va.gov/benefits/  Comprehensive website of all benefits offered by the Veterans Administration, including education, life insurance, home loan guarantee, and disability compensation.