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United States Army
Army Community Service Financial Readiness Program
Army Community Services Personal Financial Management Services
Maude Hall Bldg 6400
APO, AP 96271
Resources are available to help you understand and manage your finances, including one-on-one financial counseling to assist you and your family with financial readiness. Services are designed to focus on money management issues throughout your active-duty lifecycle and into retirement. Financial readiness educational opportunities range from basic planning to long-term investing. Check out the information below to see what’s available at your installation.
Soldiers can save money in Korea. That is an old adage, but still true, saving money doesn't happen by accident but it will happen with careful planning. See the ACS Financial Counselor to help you develop a financial plan and show you where you are and how to get where you want to go.
It is your choice to get rid of some of those windowed envelopes that show up in your mailbox or put that bank balance in the black. Financial assistance addresses all areas of your personal situation. Classes and workshops are conducted to assist individuals with the following: budgeting-designing a budget to fit your needs; Creditors-assistance with payment plans, letters to creditors, to include both stateside and local creditors, including Star Card; Consumer issues- insurance information, checkbook management-to include balancing a checkbook, and savings plans which will include investment information for both the beginner and the more advanced investor.
The Financial Readiness Program’s mission is to provide financial literacy training and education, personal financial counseling, and Information and Referral services to assist service members and families in developing skills and strategies to fulfill their financial obligations, meet their financial goals, and maintain their financial and mission readiness. During a personalized session, our Financial Readiness Program (FRP) counselors will review your relevant documents, provide you with an individualized assessment, and work with you to develop a personalized spending plan based on SMART goals.
Common Military Training Topics:
• Birth Adoption of First Child
• Continuation Pay
• Disabling Sickness/Condition
Ancillary Training Group Session Topics:
• Blended Retirement System
• Credit Management
• Emergency Financial Preparedness
• Home Buying
• Planning for Your Financial Future
• Saving and Investing
• Tax Preparations
• Thrift Savings Plan
Financial and Money Management Personalized Session Topics:
• Banking, Credit, and Debt Management Strategies
• Consumer Decisions
• Evaluating Financial Planning
• Financing Education Goals
• Insurance Needs
• Financial Record Keeping
• Major Purchases
• Preparing for Transition
• Retirement planning (BRS, lump sum, TSP, and SBP)
• Savings (emergencies, periodic expenses, and long-term goals)
• Tax Considerations
Information And Referral:
We work closely with our JAG office to offer Information and Referral services on the following legal affairs topics:
Powers of Attorney, Wills, and Trusts
• Predatory Lending and Practices, including those prohibited in the Service members Civil Relief Act and the Military Lending Act
• Contract Execution and Dispute Resolution, including sales, credit and housing
Army Emergency Relief
The Financial Readiness Program also provides support through Army Emergency Relief (AER).
AER is private, nonprofit organization established to help Soldiers and their Families in emergency financial situations due to no fault of their own. AER can assist with:
Emergency transportation & vehicle repair
• Funeral expenses
• Medical/dental expenses
• Other emergency financial needs
AER partners with other military aid societies to enable local assistance for service members from the Air Force, Navy, Marine Corps, and Coast Guard. AER also provides scholarships
Moving to Korea can have some challenges, which can cause financial hardships. Please contact your current financial counselor at Army Community Service to assist with moving overseas. Before you leave/PCS from the U.S. and be sure to give your bank/credit union your new address. Put a travel alert on all of your debit and credit cards. Check the expirations date on all of your U.S. bank issued cards to ensure they are updated. Be prepared to open an account with DOD Community Bank or Navy Federal Credit Union here in Korea in addition to your account at home. If an emergency happens you may not be able to access your savings in the U.S. in time to meet your needs. Remember to contact the personal financial counselor at ACS before PSCing.