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United States Marine Corps
Personal Financial Management Services
San Diego, CA 92140
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.
When anticipating a permanent change of duty station, you should consider putting some money aside to prepare for the move and to take care of incidental expenses if at all possible. You may wish to request an advance of pay from your Finance Office to be used for temporary lodging, housing costs, and deposits at your new duty station, but keep in mind that any advance pay is deducted from future earnings, resulting in smaller checks in the near future.
Another financial consideration for newly-arriving service members to the Marine Corps Recruit Depot and California is the state-mandated minimums for automobile insurance. California law requires all motor vehicle owners to have insurance which provides bodily injury coverage and property damage coverage. In the state of California, the required minimum coverage for bodily injury is $15,000 per person injured in any one accident and $30,000 for all persons injured in any one accident. The required minimum coverage for property damage is $5,000 for injury to or the destruction of property of others in any one accident.
The cost of living in the San Diego area is among the highest in the U.S. Combined housing and utility costs can put the family budget under great stress. Transportation costs, including gasoline prices, can fluctuate greatly, and also contribute to financial difficulty. Unfortunately, in such a stressful financial environment, budgetary issues can be a source of marital or family problems. If you should find yourself in such a situation, we strongly recommend that you schedule an appointment with the Personal Financial Management specialist at Personal and Professional Development in Building 14 or call the PFM specialist at 619-524-1204. The PFM specialist will help you explore options and avenues for returning to financial stability.
Financial counseling and emergency assistance are also available through the Navy-Marine Corps Relief Society, co-located at Marine and Family Services in Building 14. Call 619-524-5734 or DSN 312-524-5734 for an appointment.
The Personal Financial Management Specialist (PFMS) at the Personal & Professional Development (P&PD - Bldg 14) offers numerous proactive financial assistance programs for Marines and their families. Programs range from basic budget planning, banking skills, and car buying to life cycle financial planning, investing, home buying, tax form preparations - free, and retirement planning. The PFMS is available to conduct unit workshops, group training, and one-on-one counseling. Emphasis is placed on developing good financial management skills; financial planning for deployment; how to avoid unscrupulous business scams; and how to prevent financial difficulties before they arise.
Also available is information on debt management designed to assist Marines in arranging to pay off their debts. Clients are encouraged to work with their creditors to establish a workable repayment plan that fits within their household budget. The goal is to strengthen the capacity of Marines and their families to establish and maintain economic well-being.
Brown Bag Lunch Seminars - It is a 1.5 hour long financial class held once a month to help individuals set a goal, make a plan and save automatically. Financial topics varies and class is open to active duty, family members, retirees and civilian employees.
The American Red Cross is another source of interest-free loans - in coordination with the Navy Marine Corps Relief Society - for emergency travel in conjunction with emergency leave orders. Additional assistance may be provided to avoid privation and basic maintenance, including but not limited to food, shelter and clothing. Emergency communication is available 24 hours a day, 7 days a week, 365 days a year, when an urgent personal or family crisis arises, such as emergency travel, by calling 1-877-272-7337. Workers obtain health and welfare reports, and provide short-term counseling and referrals as needed. Of course, the Red Cross also offers its traditional extensive list of health and safety courses.
The Navy-Marine Corps Relief Society provides interest-free loans or grants for emergencies. The NMCRS can provide assistance for:
When seeking assistance, remember to bring:
Call or visit your local NMCRS Office or the nearest Army Emergency Relief, Air Force Aid Society or Coast Guard Mutual Assistance office to request NMCRS assistance. After hours, please contact the American Red Cross toll-free at 877-272-7337. Contact the Marine Corps Recruit Depot NMCRS Office at 619-524-5734.
The Information Referral & Relocation Program Manager at Marine & Family Programs, Personal & Professional Development, Building 14, DSN 312-524-5732 or 619-524-5732 can assist you with information about community resources and if you need other financial assistance. Additional information on the services available through the Personal Financial Management Program Manager and the Information Referral & Relocation Program Manager can be viewed at the Depot's MCCS website.