The Personal Financial Counselor (PFC) program is seeking qualified individuals to work full-time with Service Members and their families on personal financial issues such as budget planning, credit management and debt reduction, as well as retirement and estate planning. These full-time positions are located on military installations throughout the continental Unites States and selected overseas locations.
The majority of Service Members and their families will require financial counseling and education to assist with establishing a basic level of financial literacy, good financial behavior and habits, long term financial planning to include retirement planning. The PFCs will be responsible for:
•Identifying immediate and long range measures to increase income, reduce household expenditures, and avoid additional financial burdens.
•Personal budget/financial planning to reduce, eliminate, and avoid debt and to achieve solvency and stability.
•Teaching Service members (and their families) money management techniques to encourage them to live within their means.
•Understanding credit, finance charges, interest rates and the implications of only paying the minimum amount each month.
•Educating military families on the importance of maintaining excellent credit histories and ratings.
•Establishing, monitoring, and protecting their credit.
•Teaching Service Members to make informed decisions and to be aware of associated costs such as insurance, maintenance, fuel costs, etc.
•Educating and counseling Service Members - about their retirement systems and providing financial models to assist them in establishing a comprehensive retirement plan.