A financial counselor is a great resource if you need help with your finances, whether you have questions about budgeting, the TSP, or getting out of debt. Even if you’re comfortable with managing your money, a financial counselor may still be a good idea for you. Someone with financial expertise can help you get the results you want when you’re looking for answers rather than getting general information that may be confusing. Also, there are often options you may not be aware of or common mistakes to avoid. That’s where good free financial counseling can help and provide you personalized advice for your situation.
Unfortunately, some people are unable to afford financial assistance or they may be worried the person helping them is going to try to sell them financial products. Seeking out free financial counseling is a solution for these situations. The resources I’m sharing today are completely free, you can test them out to see if you like working with the financial counselor, and they don’t sell financial products. Best of all they’re available only to Service members, veterans, and their families.
3 Places the Military Gets Free Financial Counseling
1. Installation Financial Counselor
Most military installations have a financial counselor available to assist people with money questions. They’ll be at the installation financial assistance office depending on your branch of service. Start close to home by looking for the below listing in your installation directory:
- Air Force – Airman and Family Readiness Center
- Army – Financial Readiness Office
- Coast Guard – Coast Guard Mutual Assistance
- Navy and Marine Corp – Navy and Marine Corp Relief Society
In addition to financial counseling, many of these offices offer classes on topics such as car buying, managing debt, and the Blended Retirement System.
2. Personal Financial Counselors
If a financial counselor from your installation financial office is not available, you can also get help from a personal financial counselor (PFC). PFCs often imbed with active and Reserve units. They usually post their contact information in the building, or your leadership will have it. Another option is to call the installation financial assistance office to see what unit they’re assigned to and their contact information.
3. Military One Source (MOS)
MOS provides free financial counselors for Service members whether you’re active, reserve or National Guard. If you aren’t comfortable talking with a PFC in your unit or on your installation, using an MOS counselor is a great resource in that situation. Their financial counselors are available to assist you over the phone, video chat or they’ll provide a counselor to meet you in person.
Keep in mind, speaking with any of these financial counselors is confidential.
Financial counselors are a great resource that can help you achieve your financial goals. These three options available to Service members at no charge and are a great resource for a variety of financial issues.