Personal Financial Counselor (PFC) Overview Department of Defense Military Family Readiness...
-
Upload
simon-garrett -
Category
Documents
-
view
216 -
download
2
Transcript of Personal Financial Counselor (PFC) Overview Department of Defense Military Family Readiness...
Personal Financial Counselor (PFC) Overview
Department of Defense Military Family Readiness Readiness
Personal Finance
Mission Readiness & Personal Readiness Require:Financial Stability
Sound Personal Financial Behaviors
Personal Financial Counselors (PFCs)
PFC Services Overview
More Information: Presented By: ____________________
• Security Clearance Denied• Age• Away from Support Systems• Responsibilities
• Lifestyle• Frequent Moves• Deployments• Spouse Employment
• Easy Credit• Direct Marketing• Greater Resources• Credit Availability
Challenges Unique to Service Members
PFC Services Overview
More Information: Presented By: ____________________
Financial Mismanagement
ConsequencesMilitary
Negative EvaluationLoss of PromotionReduction in RankLoss of Overseas TransferLoss of Security ClearanceNon-judicial Punishment Administrative Discharge
CivilianNSF ChargeDenied CreditNegative Credit ReportRepossessionForeclosureBankruptcyJail
Service Members are subject to both Military and Civilian consequences of financial mismanagement.
PFC Services Overview
More Information: Presented By: ____________________
PFC Service Goal
Promote Financial Responsibility and Accountability in Money Management
Preventive Financial EducationPersonal Financial CounselingConsumer Advocacy & AwarenessInformation and Referral
Personal Financial ReadinessResponsibility & AccountabilityBuilding Wealth, Choice & Freedom
THROUGH…
WE…
TO ACHIEVE…PFC Services Overview
More Information: Presented By: ____________________
Prevention Education• Sound Financial Practices• Financial Pitfalls• Consumer Rights and Obligations
PFC Service TypesEducation
Budget Development financial Goal Setting Record KeepingCash ManagementBankingConsumer RightsInsuranceMilitary PayCredit Critical Life Stages
• Age Appropriate Children & Youth Financial Management Classes
PFC Services Overview
More Information: Presented By: ____________________
Financial Counseling Services• Financial Analysis• Budget & Spending Plan Development• Major Purchase Planning• Extended Absence Financial Plans• Tax Planning
PFC Service TypesFinancial Counseling
Debt Liquidation Assistance• Analyzing Assets and Liabilities• Repayment Program• Assistance with CreditorsConsumer Advocacy Services• Identity Theft• Pay-day Loans• Consumer Safety
PFC Service TypesConsumer Advocacy & Complaint Resolution
PFC Services Overview
More Information: Presented By: ____________________
Information & Referral• PFCs stay current on a full range of
services that are available in the local community.
• They have a variety of Resources at their fingertips.• If they don’t know the answer, they will find someone who does.
PFC Service TypesInformation & Referral
PFC Services Overview
More Information: Presented By: ____________________
Summary
Mission & Family Readiness Depend on Financial Stability
Risk Factors in the Military EnvironmentConsequencesProgram GoalsTypes of Services Available
Questions? PFC Services Overview
More Information: Presented By: ____________________