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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.
Please read this section carefully. Regardless of rank, we STRONGLY RECOMMEND that you make an appointment with the Personal Financial Management Program (PFMP) financial experts at your local Fleet & Family Support or Army Community Service Center, and ask them to assist you in developing a "moving budget." Once you have settled in, contact our PFM office listed below and schedule an appointment for developing a budget specific for this area. Be smart - plan ahead!
The Fleet and Family Support Center offers a trained financial counselor (PFM) who will take you step-by-step through the Navy Standardized Curriculum process which involves setting up and effectively managing a basic financial plan. Workshops, counseling, seminars on buying cars, renting or buying homes, and much more are offered. The PFM offers one-to-one counseling to those experiencing money management difficulties or for those who wish to better understand how to budget their finances. To contact: (301) 342-4911
The PFM also trains Command Financial Specialists (CFS), who are members of the unit who are available to assist with basic financial education and assistance. If you are interested in becoming a CFS, contact your chain of command.
The Navy/Marine Corps Relief Society is also there for you with loans if you can't meet your basic living expenses such as rent, food, and electricity. If you need help call them at 301-342-4739, and they will be able to advise you on what services they can provide.
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.