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The Military Financial Service Provider eNewsletter

November 2024

It’s Time To Enroll in the DCFSA Program

Do you work with service members who have dependents but haven’t taken advantage of a Dependent Care Flexible Spending Account (DCFSA)? Let them know that they may be able to save up to 30% on care costs because the DCFSA uses pre-tax money. Share this infographic, which shows them 10 different ways they can use DCFSA funds. Then, remind them that they have until Dec. 9 to enroll.

Help Service Members Cut Holiday Travel Expenses

With the holidays approaching, we’ve compiled a list of service member-approved travel hints. Among them? Service members can save money by staying on base, seeking military discounts, making early reservations and more. Share these tips with service members before the holidays!

Tips for Financing a MilTeen’s College Education

Celebrate National Scholarship Month by helping military parents find resources for financing their children’s college educations. Consider sharing this Military OneSource article, which includes suggestions such as talking to local school liaisons, checking with military-affiliated organizations like the American Legion and using the Fisher House Foundation’s scholarship search engine.

Beware of Investment Scams

Share these Federal Trade Commission (FTC) tips on spotting investment scams during International Fraud Awareness Week (Nov. 17-23). This informative article shows service members how to identify red flags and gives three steps they can take before making investment decisions.

Did You Know?

Advertisers and marketers spend billions of dollars promoting their products during the frantic holiday season. Encourage service members to ask these four questions before pulling out their wallets to make expensive, spontaneous purchases.

Resources

• FSAFEDS: Enroll in the DCFSA program by Dec. 9.
  
  
• Military OneSource: Service members and their families can access dozens of free resources through Morale, Welfare and Recreation Libraries.
  
  
• NSA: These best practices can secure home computer networks. 
  
  
• FTC: How to avoid charity scams on Giving Tuesday.

Service Providers and Leaders

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.