The Federal Trade Commission unveiled a financial readiness website designed for mobile devices to help members of the military community navigate personal financial decisions in light of the unique challenges they face, such as frequent relocations and deployment.
When military families make a permanent change of station, they need to rent or buy a new place to live, manage money while on the move, and be vigilant about dealing with businesses in an unfamiliar locale.
The FTC created Military.Consumer.gov and teamed up with the Department of Defense, the Consumer Financial Protection Bureau, Military Saves, and many other partners to help servicemembers and their families with personal finances.
The website is optimized for use on a mobile device. For example, if a servicemember is looking to buy a car, manage their money during deployment, or continue their education, they can find mobile-friendly tips quickly from their smart phone.
A new toolkit, “Tools for Personal Financial Managers”, provides personal financial managers, counselors, command, and others in the military community practical financial tips they can share with service members. The toolkit resources are in the public domain so individuals and organizations can share them with friends, family, colleagues and customers. They also can use the information in newsletters or on social media sites.
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