1. PRE-SEPARATION COUNSELOR TRAINING: GENERAL MONEY MANAGEMENT & PERSONAL SAVINGS AND INVESTMENT
Elements 45-46

2. PURPOSE
To prepare individuals financially for their transition. Service members must produce a 12-month post military budget as one of the Career Readiness Standards.
To make the TSM aware of the importance and options available for savings and investments.

3. Budgeting:
The basic rule of thumb is to have at least 3-6 months of living expenses in a savings account in the event of lost wages (and other emergencies).

4. Savings
Banks and credit unions offer savings accounts designed to help individuals reach short-and long-term financial goals. When opening a saving account, individuals need to look for an FDIC or National Credit Union Association (NCUA) insured saving account that offers competitive interest rates on low account balances.

5. Investments: The four most common types of investments: 1. Bonds
2. Certificate of Deposits (CD)
3. Stocks
4. Mutual Funds

6. Resources: Fleet and Family Support Center
Command Financial Specialist
Credit report information:
mint.com

7. QUESTIONS ?