Military Community
Military community – including all active, reserve, Guard, retired, veterans and their families
AMBA Member banks located across the globe are continually educating & equipping their military communities in financial readiness. The financial readiness of the military community is as important to the Department of Defense as it is to AMBA member banks. We believe financial readiness = mission readiness. Below is the Department of Defense Financial Readiness Pillars. The DoD Financial Readiness Pillars were developed and implemented in 2007 as a baseline level of financial readiness for all Service members and families to help alleviate financial stressors and enhance personal financial readiness. To ensure the most current research based strategies are being employed, the Department decided to update the Pillars. The Four Financial Readiness Pillars (Manage, Save & Invest, Protect, and Future Planning) will promote military financial readiness. These pillars will be a guides to Service members and their family members seeking to practice learn good financial behaviors and to learn new ones forachieve overall financial wellness. AMBA, along with AMBA Member Banks, are important partners in the DoD Financial Readiness Campaign and are committed to assisting DoD in the implementation of these financial pillars. Find Your Military Bank
Four Pillars of Financial Readiness
Manage
Manage money: this is where you can get information on managing cash flow; funds coming in and going out. Including: setting goals, earning, spending, and borrowing wisely.
Save & Invest
Save first, then invest: this is where you can get information on how to save successfully for emergencies, retirement and everything in between. Including: life-cycle decisions and retirement planning.
Protect
Consumer Protection: this is where you can learn about all aspects of consumer protection; protect the assets you have. Including: the prevention of scams, insurance needs, emergency savings, and transition planning.Future Planning
Evaluate your plan often: this is especially important as you go through major life changes and need to make decisions based on those changes. Including: military-life cycle decisions, financial planning, & estate planning.AMBA Tweets
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