Unable to connect locally? Contact Military OneSource via secure live chat or call 800-342-9647.
Showing 1 - 1 OF 1
Navy
Personal Financial Management (PFM)/ Fleet & Family Support Center
21993 Bundy Road, Building 2090
NAS Patuxent River, MD 20670-1132
301-342-4911
301-342-4802
312-342-4911
312-342-4802
Contact information for key programs and services at this installation.
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.
FFSC Personal Financial Management
The Navy's Personal Financial Management (PFM) program increases the financial well-being of the Navy community. NAS Patuxent River FFSC's PFM is an Accredited Financial Counselor who provides workshops, counseling and individual consultations for personal financial management and Command Financial Specialist (CFS) training. Our PFM promotes financial responsibility and accountability leading to financial independence, sound money management, debt avoidance and long-term financial stability.
Visit Personal Financial Management for additional information including monthly workshops.
Navy Marine Corps Relief Society (NMCRS)
NMCRS also assists service members and their families with financial education and a wide variety of other services. They also offer Quick Assist Loans, Disaster Relief and Emergency Travel assistance. Visit >NAS Patuxent River's NMCRS for additional information.
**For Emergency Assistance Monday through Thursday 2 p.m. to 4 p.m. and Friday 8 a.m. to 4 p.m. contact NMCRS HQ 800-654-8364
The National Capital Region, including the NAS Patuxent River community, is a high cost of living area. While the best financial plan is to always have low debt obligations and an adequate emergency fund in savings, these guidelines are especially true here.
According to Comptroller Brooke Lierman's Inaugural State of the Economy Report released in January 2024, the cost of living is driven by high cost of housing in Maryland. Home prices have risen nationally, since 2019. Both the Forbes Advisor Index and Missouri Economic Research and Information Center Index place Maryland among the states with the highest cost of living. The median home price in Maryland was $411,200 compared to the national median home price of $348,600 in 2022. The cost of housing is impacted by housing inventory. Between 2019 and 2022, the housing inventory dropped between 40% and 75% in every county (57% on average, statewide) while median home prices increased 27% statewide.
Your Fleet and Family Support Center, as well as the Navy/Marine Corps Relief Society, can work with you to prepare your own personalized financial plan.