Managing your family’s finances as a military spouse can be tricky due to frequent relocation, deployments and other military lifestyle factors. In recognition of your key role in your family’s financial preparedness, the Department of Defense has come up with the Milspouse Money Mission, an essential resource offering financial education and support. Here’s an in-depth look at what Milspouse Money Mission offers, its benefits and how it can serve you alongside MedCerts education offerings.
Milspouse Money Mission Services
Milspouse Money Mission is an initiative that provides detailed approaches and free tools to guide you through effective financial management. Some of its key features and services that can help form the foundation for your financial well-being include:
Money Ready
This guide helps you tackle numerous money management topics relevant to your current lifestyle. It has accompanying videos that introduce you to the principles of personal finance as you start your journey toward financial readiness. Some of the topics you can explore in any order include:
- Creating a budget
- Understanding credit
- Managing debt
- Creating a spending plan
- Funding college
- Deciding on major purchases
- Insuring your family
MilLife Milestones
This resource empowers you to make smart money choices during monumental life events. These significant moments include
- Marrying military personnel
- Welcoming a new child into your family
- Your spouse receiving a promotion
- Exploring the Thrift Savings Plan (TSP) to help your family save on taxes during retirement planning.
- Pre-deployment financial planning
- Post-deployment financial planning
- Facing divorce
- Retirement from the military
The tailored advice in these resources can help you navigate these pivotal moments with financial confidence.
MilKids
MilKids offers tools and tips to help you raise financially ready children. It covers the importance of your habits and values with money management and how kids pick up on your ideals. With its self-assessment tool, you can gauge your knowledge of financial management and prepare you to communicate effectively with your children. Additionally, you get to learn all about issuing and managing allowances.
Videos
The extensive videos available cover practical financial tips. They come from financial experts and fellow military spouses, making financial education engaging, relatable and accessible.
Blog
The milspouse blog presents real conversations covering the latest money-related topics and issues. It’s a platform for discussing financial challenges and sharing solutions, fostering a sense of community and support.
Resources
The resources section has links to military support, credit report links, financial calculators and quizzes to elevate your financial literacy. These resources can help you assess your financial health and make informed decisions.
Social Media
Milspouse Money Mission’s active social media presence creates a community of support and motivation. It’s a space for milspouses to connect, share experiences and find encouragement to lead the best financial lives.
MedCerts: Additional Support for Military Spouses
Much like Milspouse Money Mission, MedCerts provides valuable support through financially assisted career training opportunities. One key program is the Military Spouse Career Advancement Accounts (MyCAA) scholarship, which offers up to $4,000 in tuition – dispersed in $2,000 increments per fiscal year. You can receive funding for certification programs that enhance your career prospects.
As a MyCAA-approved institution, we offer IT, healthcare and professional development programs that can help you build a strong career. We also provide resources and support for navigating the MyCAA application process, making it easier for you to access and utilize these funds. By taking advantage of resources like Milspouse Money Mission and MedCerts you will have a robust support system to address your financial and career development needs.
