WASHINGTON—The Department of Defense's (DoD) Office of Financial Readiness has launched a new website dedicated to financial literacy.
The DoD also announced its upcoming digital campaign in support of Financial Planning Month, which takes place in October.
NAFCU explained the website is designed for users to explore a number of topics related to financial literacy and across the military lifecycle, including:
- Benefits and entitlements
- Money management
- Saving and investing
- Planning for the future
- Understanding consumer protections
- Housing
- News and events
Section for Service Providers
Credit unions are encouraged to access the website, which also has a section specifically for service providers and leaders.
In addition, the DoD's Under Secretary of Defense for Personnel and Readiness' issued a Directive-type Memorandum on mandatory financial readiness training to the military services. It outlines common military training requirements for servicemembers to ensure they have "the common knowledge, skills, and behavior standards to enable them to manage their financial affairs in a manner that enhances mission readiness."