Skip main navigation

Military Health System

Clear Your Cache

Health.mil has undergone a recent update. For the best user experience we recommend clearing your browser cache.

DOD offers financial advice for families & children

Image of son of military personnel playing with a piggy bank. Knox Jasmin, son of U.S. Army Staff Sgt. Gaetan Jasmin, 21st Theater Sustainment Command transportation manager, receives a piggy bank during the “Youth Saves Event” at the School Age Program building at Ramstein Air Base, Germany. The event taught children how to build a financial foundation through saving, donating, investing, and practicing good spending habits (Photo by: Air Force Senior Airman Kristof J. Rixmann, 86th Airlift Wing/Public Affairs).

Military families may face financial challenges for a variety of reasons, and without assistance these issues could affect the health and well-being of children of those families.

But help is readily available. Military families have access to financial counselors and other Department of Defense personnel - for free.

"Service members and families have access to free financial counseling and education services through Military and Family Support Centers and Military OneSource," said Beth Darius, a program analyst and an accredited financial counselor in the Department of Defense Office of Financial Readiness. "With the assistance of a financial counselor, service members and families proactively create realistic spending plans to meet financial challenges and goals such as planning for retirement, paying down debt, and making major purchases."

For families experiencing shortfalls, "the best place to start is to examine your spending plan. Determine your food expenses, your monthly bill expenses and any additional expenses. Help is available to walk families through this process and provide referrals to additional resources as needed," she said. "Additionally, you can include your children in meal planning, shopping and determining total food costs, which is a great way to build their financial literacy skills and nutrition habits."

"There are many places to go online to get free, unbiased financial information," she noted. These no-cost resources include the Office of Financial Readiness website, and the Milspouse Money Mission website, which has a section on raising financially fit children. Additionally, there is the Military OneSource website, the "Developing Your Spending Plan" course on the MilLife Learning portal, and the 'Sen$e' mobile application.

Military members also receive financial information and how to use these services when making a permanent change of station.

Establishing and following a spending plan is good to "ensure debts are paid, food is on the table, and financial goals are met," Darius said. "If there is a financial issue that's causing stress in the military family, reviewing the spending plan can help them gain some control and decrease stress."

Steve Harris, a personal financial manager and accredited financial counselor at the Navy's Fleet and Family Support Center in Washington, D.C., said: "A good financial plan represents both the needs and the wants of a military family." This could include items such as saving for a college fund for their children.

Military families that have appointments with the center for free financial planning should bring their pay stubs, leave and earnings statements, a list of bills and their bank statements for review.

"Basically, we have a confidential conversation about income coming in and expenses going out. 'What did you think you spent and what did you actually spend?'" Harris said. "We are looking at needs first and goals second. We like to nudge them back on the right track."

Echoing Darius, Harris said: "If there are stressors about finances, coming to see a personal financial manager can make a military family leave with less stress. A service member shouldn't have to be distracted about finances while supporting the mission."

For children, the Navy has a curriculum that addresses ages 3 to 19 called "Raising Financially Fit Kids." The other services have similar programs.

"Lessons include how parents can approach children about finances, introducing kids to money, costs, and allowances, how to set goals through saving - such as for the purchase of a new toy or electronic device - and an introduction to debit and credit cards and how to use them wisely," Harris said.

"Prioritizing is up the individual client, he said. "If there is a surplus of money or a shortfall, what are the two or three most important, often competing, goals? We want to address all of them."

You also may be interested in...

Topic
Feb 25, 2025

Public Health

Public Health supports the move from a health care system to a system of health by focusing on the prevention of disease, disability, and death in garrison and while deployed.

Article
Jan 15, 2025

U.S. Army Research Institute of Environmental Medicine is Updating Guidance on Cold-Weather Injuries

A service member is exposed to cold air in environmental test chamber after undergoing a treatment called ischemic preconditioning

As efforts in the Arctic region continues to accelerate, senior leaders need to be confident that warfighters under their command will be able to operate at peak effectiveness for long periods in extreme cold. That’s why experts in nutrition, physical performance, and extreme environments from the U.S. Army Research Institute of Environmental Medicine ...

Article
Jan 14, 2025

U.S. Army Provides Soldiers, Families Variety of Mind, Body Resources

Chaplains and religious affairs specialists provide various types of counseling and training

As the new year begins, soldiers, their families and U.S. Army civilians have a variety of tools and programs available to support their overall well-being. From holistic health and fitness initiatives to spiritual readiness resources, free counseling, sleep assistance, and family support programs, the U.S. Army is committed to fostering resilience ...

Article
Jan 7, 2025

January is National Radon Action Month: Learn to Manage Risk

The U.S. Environmental Protection Agency has designated January as National Radon Action Month

The Environmental Protection Agency has designated January as National Radon Action Month, and the Centers for Disease Control and Prevention has chosen the last week of January as Radon Awareness Week. This is the perfect time to think about testing your home for radon.

Article
Dec 27, 2024

Frozen on the Slopes: How a Soldier Learned from a Close Call

Graphic of someone on skis falling in the snow

Several years ago, I was stationed in Colorado. I’d never snow skied, but after my first initiation-by-fire trip, I was feeling comfortable and actually considered myself a somewhat fearless skier. I would go hard and fast until I hit something or just fell. Ski equipment would scatter from where I fell to where I slid to a stop—meaning I spent a lot ...

Video
Dec 9, 2024

Warrior Care: A Marine Finds Community with Art

Warrior Care: A Marine Finds Community with Art

Lance Cpl Sara Vanegas is a Marine with the Wounded Warriors Batallion East at Walter Reed National Military Medical Center in Bethesda, MD. She is a talented artist who is finding community through her art and the Warrior Care Program. Learn more about the many resources and programs available at health.mil/warriorcare.

Article
Dec 2, 2024

Military Health Expert Explains how Strength is Relative to Body Weight

People working out outside

Each military service selects its physical fitness tests to meet its unique mission needs. All services’ fitness tests include measures of aerobic fitness, such as a timed run, and muscular health, such as the push-up. Depending on the service, the fitness test can include sprinting, carrying weighted items, or deadlifts.

Article
Sep 23, 2024

Military Infectious Diseases Research Program Focuses on Mitigating Disease Impacts in Large Scale Combat Operations

U.S. Army Staff Sgt. Matthew Pascual, a preventive medicine specialist with the Walter Reed Army Institute of Research Armed Forces Research Institute of Medical Sciences, processes samples for respiratory virus testing at Nimmarnkolayut Camp, Sa Kaeo, Thailand.

Prolonged care, degraded medical evacuation capability, and overstretched lines of communication during large-scale combat operations could increase the prevalence of disease-related injury and death among warfighters. These risks are what the U.S. Army Medical Research and Development Command's Military Infectious Diseases Research Program is working ...

Article
Sep 19, 2024

Military Health Expert Clarifies ‘No Pain No Gain’ Workout Myths

Military Health Expert Clarifies ‘No Pain No Gain’ Workout Myths

Injuries are the leading reason for military medical visits each year. Department of Defense active duty service members require medical treatment for injuries almost 5 million times each year (for around 1.5 million individual injuries). Injuries cost millions of lost duty and training days, and billions of dollars each year.

Skip subpage navigation
Refine your search
Last Updated: February 25, 2025
Follow us on Instagram Follow us on LinkedIn Follow us on Facebook Follow us on X Follow us on YouTube Sign up on GovDelivery