1 / 10

Personal Financial Counselor ( PFC) Overview

Department of Defense Military Family Readiness Readiness. Personal Financial Counselor ( PFC) Overview. Personal Finance. Mission Readiness & Personal Readiness Require: Financial Stability. Sound Personal Financial Behaviors. Personal Financial Counselors (PFCs).

debra-cotton
Download Presentation

Personal Financial Counselor ( PFC) Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Department of Defense Military Family Readiness Readiness Personal Financial Counselor (PFC) Overview

  2. Personal Finance Mission Readiness & Personal Readiness Require: Financial Stability Sound Personal Financial Behaviors Personal Financial Counselors (PFCs) PFC Services Overview Presented By: ____________________ More Information:

  3. Challenges Unique to Service Members • Security Clearance Denied • Age • Away from Support Systems • Responsibilities • Lifestyle • Frequent Moves • Deployments • Spouse Employment • Easy Credit • Direct Marketing • Greater Resources • Credit Availability PFC Services Overview Presented By: ____________________ More Information:

  4. Financial Mismanagement Consequences Military Negative Evaluation Loss of Promotion Reduction in Rank Loss of Overseas Transfer Loss of Security Clearance Non-judicial Punishment Administrative Discharge Civilian NSF Charge Denied Credit Negative Credit Report Repossession Foreclosure Bankruptcy Jail Service Members are subject to both Military and Civilian consequences of financial mismanagement. PFC Services Overview Presented By: ____________________ More Information:

  5. PFC Service Goal Promote Financial Responsibility and Accountability in Money Management Preventive Financial Education Personal Financial Counseling Consumer Advocacy & Awareness Information and Referral Personal Financial Readiness Responsibility & Accountability Building Wealth, Choice & Freedom WE… THROUGH… TO ACHIEVE… PFC Services Overview Presented By: ____________________ More Information:

  6. PFC Service Types Education • Prevention Education • Sound Financial • Practices • Financial Pitfalls • Consumer Rights • and Obligations Budget Development financial Goal Setting Record Keeping Cash Management • Age Appropriate Children & Youth Financial Management Classes Banking Consumer Rights Insurance Military Pay Credit Critical Life Stages PFC Services Overview Presented By: ____________________ More Information:

  7. PFC Service Types Financial Counseling • Financial Counseling Services • Financial Analysis • Budget & Spending Plan Development • Major Purchase Planning • Extended Absence Financial Plans • Tax Planning

  8. PFC Service Types Consumer Advocacy & Complaint Resolution • Debt Liquidation Assistance • Analyzing Assets and Liabilities • Repayment Program • Assistance with Creditors • Consumer Advocacy Services • Identity Theft • Pay-day Loans • Consumer Safety PFC Services Overview Presented By: ____________________ More Information:

  9. PFC Service Types Information & Referral • 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 Services Overview Presented By: ____________________ More Information:

  10. Summary • Mission & Family Readiness Depend on Financial Stability • Risk Factors in the Military Environment • Consequences • Program Goals • Types of Services Available Questions? PFC Services Overview Presented By: ____________________ More Information:

More Related