Personal Finance
Welcome to your JBPHH MFSC Personal Finance Program!
We’re here and excited to meet you where you are financially – and help you navigate to your goals! Check out the great info & resources below, and reach out to us with any questions!
We offer workshops at both MFSC locations (Moanalua & Hickam), and can bring a workshop/training to your unit/command! If you’d like us to come to you, just click here and send in your training request!
Money can be very personal, so we also provide individual appointments. Reach out to our great MFSC schedulers at (808)474-0126/0129 to see us one-on-one.
What classes do we offer? Download our current list here (and let us know if you’d like another topic added!)
Getting email notification from MyVector or NSIPS about required financial touchpoint training? We’ve got the classes! Click here to see what milestones trigger this requirement & plan ahead!
Planning ahead? Check out our projected schedule so you can mark your calendar to register one month ahead here!
Did you know…
- You begin getting full matching contributions (up to 5% FREE money!) & are vested at 2 years in service?
- If you MISS the BOAT when notified of that LUMP SUM Continuation Pay eligibility – you miss out on an average $7,000 AFTER TAX cash. Notifications come during your 11th year in service – you MUST request your Continuation Pay before you hit 12 years in service!
- Serving a military career? You get BOTH TSP with matching contributions AND a lifetime retirement pay benefit! Be careful of the Lump Sum option you’ll be offered at retirement & have a conversation with a financial counselor before deciding!
- Want more on BRS? Visit: https://militarypay.defense.gov/BlendedRetirement
TSP is a great retirement savings plan available to military and DoD employees, with multiple investment options to fit both your timeline and your risk tolerance! For DoD employees and military members under BRS, matching contributions can help your account grow even faster. There’s a lot of information available publicly, but make sure you have the facts! Join us for the workshop, schedule an individual appointment, and/or check out the below to understand TSP better!
https://twitter.com/tsp4gov?lang=en
https://www.youtube.com/user/TSP4gov/videos
Do you cringe when you hear the word Budget? Let us help you with it! It’s a great feeling when you start putting your money where you want it intentionally, to reach your financial goals! Everyone has a unique style; discover the one that works for you! Some sample budget templates are below! Click on each to explore, or join us for a Spending Plans/Budgeting Tools workshop!
Couples Budget (option/alternative to others)
Working on your credit? Check out “How your score is calculated” and join us for a workshop or individual appointment to start your journey!
The average credit card debt in America is over $5K. The total credit card debt in America (2022) is $887 BILLION. This is on top of car loans, student loans, mortgages, and other debts.
We have multiple tools and a workshop available to help you navigate, manage, and reduce your debt.
Online resources you can also use at home:
https://finred.usalearning.gov/SPL/ServiceResources/NavyResource/DebtDestroyerWorkshop
Student loans? Stay up to date with Public Service Loan Forgiveness options and requirements at https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
Below are some great additional resources!
Air Force Aid Society & Community Programs
Consumer Financial Protection Bureau
DoD Office of Financial Readiness
Hickam OSC Thrift Shop & Scholarships
Navy Marine Corp Relief Society
Being appointed as a CFS?
You must have at least one year remaining on your PRD, and be an E5 or above, with over 6 years in service (TIS waiver requests can be
requested).
- To register for CFS Training, call 808-474-0126/0129 to schedule your screening with an MFSC Personal Financial Counselor.
Already a CFS and coming up on 3 years since training/expiring? Reach out to your
MFSC PFM team to schedule a refresher training through MFSCHawaii@navy.mil
Want to stay up to date on the latest & greatest, and network with your fellow CFSs?
Register to attend the quarterly CFS Forum (hybrid to allow in-person or virtual
attendance!)
To register for CFS Forums, reach out to your PFM team at 808-474-1999.
2024 Important Dates:
CFS Training:
25-29 March
10-14 June
19-23 August
18-22 November
CFS Forum:
9 January
2 April
10 September
5 November
CFS Refresher:
23 February
6 September
(Or by appointment)
