The Military Financial Service Provider eNewsletter
August 2023
A New Way for Service Members to Pay for Dependent Care
Help military leaders understand the DoD's newest benefit — the Dependent Care Flexible Spending Account (DCFSA). Share this leader card explaining the DCFSA and how service members can use it to pay eligible dependent care expenses.
When meeting with service members who have federal student loans, remind them that their loan repayments restart in October. Encourage them to adjust their spending plan now to accommodate this additional expense.
Deployment and PCS can impact service members' leases and contracts. Fortunately, the Servicemembers Civil Relief Act (SCRA) provides a range of financial and legal protections. Use this resource to explain how service members can tap into SCRA and safeguard their rights.
Help Service Members Understand 'Spend More' Strategies
Did you know that marketers use special tactics to entice consumers? Marketing principles like "loss aversion" and "partial ownership" emotionally appeal to consumers, including those in the military community. Get the lowdown on these strategies while educating service members on spending less and saving more.
How-to videos are a great learning tool! Share this link to introduce service members to FINRED's most popular calculators, the Financial Well-Being Assessment and more.
The Office of Financial Readiness is here to support you in your mission of providing service members and their families exceptional financial knowledge and education. Here, you'll find resources for developing your social media presence, keeping abreast of financial policies and laws, enhancing your coaching skills through training, and much more.
