Rising prices in gas, groceries, and other household items may be causing you to rethink your financial plans. And, since April is Financial Capability Month, it is a good time to take advantage of the Coast Guard’s financial resources available to you—especially the Financial Readiness Touchpoint Training.
The Financial Readiness Touchpoint Training is mandated by the National Defense Authorization Act (NDAA) of 2016 with the aim of providing financial preparedness to our members through touchpoint courses. Each course aligns with events or “touchpoints” that will likely occur throughout your life (e.g. marriage, the birth of a child, or a promotion). Specifically, the courses cover topics such as how to apply for continuation pay, how to update your spending plan, and how to evaluate your insurance or your retirement needs.
The Coast Guard recently published in the Introduction of Financial Touchpoint Curriculum ALCOAST 104/22 and highlighted pertinent details of training delivery options and command responsibility. Touchpoint training can be found on the portal on the Coast Guard e-Learning page. In addition, you can find the Coast Guard Financial Touchpoint Curriculum on the FINRED website, Coast Guard Resource Page.
“The Coast Guard is actively working to encourage our members to use their money wisely,” said Personal Financial Management Program Specialist Joi Tann. “Financial Capability Month is in-line with what we want to convey because it promotes saving and making smart money decisions. The new financial touchpoint trainings are a great way for the workforce to educate themselves on managing personal finances.”
Aside from the trainings, the Personal Financial Management Program has additional information and resources available to you through their website. Also, you may contact CG SUPRT for free sessions with a money coach to help guide you in reaching your financial goals. Call toll-free 855-CG SUPRT (247-8778), or go to “Request Services” after logging onto the CG SUPRT website.
If you need additional information on the Financial Readiness Touchpoint Training, contact your nearest Personal Financial Manager (PFM) located at each Health, Safety, and Work-Life Regional Practice (HSWL-RP) or email your questions.
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