Local

July 11, 2014

Financial readiness campaign kicks off Wednesday

56th FSS A&FRC

The complexity of today’s financial environment combined with the realities of military life present special financial challenges for service members and their families. Frequent relocation, a steady paycheck, separation from family and friends, and the stresses of deployment can make military households an attractive target for scam artists.

In recognition of these challenges and the vulnerabilities military families face, the Defense Department provides a range of services, support and protections that help service members and their families achieve financial stability and avoid financial pitfalls.

As part of its ongoing Financial Readiness Campaign, the DOD conducts regular outreach to educate military audiences about financial readiness topics.

The DOD has teamed with the Federal Trade Commission and is collaborating with other organizations, including the Consumer Financial Protection Bureau and the Consumer Federation of America, to launch HYPERLINK “http://www.military.ncpw.gov/” Military Consumer, a campaign to equip the military community with tips and tools to be informed consumers and promote financial readiness.

Military Consumer, a year-round campaign, will kick off Wednesday with Military Consumer Protection Day.

Service members’ readiness depends on good personal financial management, including awareness of consumer protection information.

The financial condition of military members and their families also may render them vulnerable to financial scams. They also face not having enough money. According to “Quick Compass of Financial Issues” released in 2013 by the Defense Manpower Data Center, during the past 12 months, 43 percent of service members or their spouses/partners experienced a financial shortfall. This number increased to 51 percent for those in the ranks of E1-E4. Twenty-one percent of E1-E4s have no emergency savings fund, and another 9 percent have less than $100 in emergency savings. Thirty-three percent of service members describe their financial condition as difficult, and 20 percent describe their financial condition as being worse than it was 12 months ago.

To schedule an appointment with a financial counselor, call 623-856-6550 or visit the 56th Force Support Squadron Airman and Family Readiness Center.




All of this week's top headlines to your email every Friday.


 
 

 

My personal leadership philosophy

My personal leadership philosophy can be summed up in just a few words — people first, mission always. Some may mistake the phrase “people first, mission always” as a dictum to coddle unit personnel through adversity, but actually, my focus is on preparing them to overcome adversity. The mission will always press on, but without...
 
 

Work, family balance success marker

“Being successful means having a balance of success stories across the many areas of your life. You can’t truly be considered successful in your business life if your home life is in shambles.” — Zig Ziglar In our careers, we frequently hear about the importance of having balance in our life and job. Some common...
 
 
Staff Sgt. 
TIMOTHY BOYER

Luke plays role in saving species

Staff Sgt.TIMOTHY BOYER A team of wildlife specialists prepare a Sonoran pronghorn for release into the wild at the Cabeza Prieta National Wildlife Refuge in Ajo. Sixty-nine pronghorn were captured this year. Of those, more tha...
 

 

News Briefs December 19, 2014

Road closure Litchfield Road at Northern Parkway is closed daily 9 a.m. to 3 p.m. through Sunday to paint the bridge overpass, weather permitting. Northern Parkway will remain open. Reems Road and Dysart Road are alternate routes. For more information, call MCDOT at 480-350-9288. MLK luncheon There will be a Martin Luther King Jr. luncheon...
 
 
Senior Airman 
JAMES HENSLEY

MWD Roy — partner, friend passes

Senior AirmanJAMES HENSLEY Staff Sgt. Scott Emmick, 56th Security Forces Squadron Military Working Dog handler, and Roy, 56th SFS MWD, play Dec. 14, 2012, at the at Luke Air Force Base kennels. The MWD and handler team plays to...
 
 

46 graduate ALS in class 15-1

The 56th Fighter Wing Airman Leadership School graduated 45 senior airmen and one staff sergeant Dec. 11 from class 15-1. The graduates are senior airmen unless otherwise noted. John L. Levitow award: Nathaniel Gladney, 56th Aircraft Maintenance Squadron Distinguished graduates: Matthew Goodspeed, 56th Operations Support Squadron; Russell Hires, 56th Medical Support Squadron; James Gilmore, 56t...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin