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By MyCG Staff
Taking control of our personal finances is a crucial step towards financial stability. The Coast Guard's Personal Financial Management Program (PFMP) is a valuable resource available to individuals, regardless of their current financial situation. Unexpected expenses such as home or car repairs, medical emergencies or sudden loss of income can lead to significant financial challenges.
You can explore various avenues for managing your finances by collaborating with local experts like Personal Financial Managers (PFMs), Command Financial Specialists (CFS) or CG SUPRT Money Coaches. They can provide guidance on creating a budget, exploring alternative approaches to settle debts with creditors, applying for grants and identifying wise loan options that can help you achieve your financial goals.
Listed below are steps to help prepare your finances for financial uncertainties:
Financial education, Touchpoint Curriculum is available at:
CG E- learning and/or https://finred.usalearning.gov/SPL/ServiceResources/CoastGuardResource
Leaders can access the Military Leaders Economic Security Toolkit which provides resources to support the economic security of service members.
Check out these two videos developed to illustrate how PFMP can help:
Visit the Personal Financial Management Program web page for more information and resources.
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