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Personal Financial Counselor (PFC) Overview
Department of Defense Military Family Readiness Readiness
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Personal Finance
Mission Readiness & Personal Readiness Require:Financial Stability
Sound Personal Financial Behaviors
Personal Financial Counselors (PFCs)
PFC Services Overview
More Information: Presented By: ____________________
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• 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: ____________________
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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: ____________________
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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: ____________________
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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: ____________________
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Financial Counseling Services• Financial Analysis• Budget & Spending Plan Development• Major Purchase Planning• Extended Absence Financial Plans• Tax Planning
PFC Service TypesFinancial Counseling
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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: ____________________
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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: ____________________
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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: ____________________