Defense Department Launches Financial Literacy Website

The Defense Department’s Office of Financial Readiness has launched a new website dedicated to financial literacy and announced its upcoming digital campaign in support of Financial Planning Month, which takes place in October.

The website is designed for users to explore a number of topics related to financial literacy and decision making across the military lifecycle including benefits and entitlements, money management, saving and investing, planning for the future, understanding consumer protections, and housing.

In August, the DoD's Under Secretary of Defense for Personnel and Readiness' issued a Directive-type Memorandum  (DTM-19-009) on mandatory financial readiness training to the military services. It outlines common military training requirements for servicemembers to ensure they have "the common knowledge, skills, and behavior standards to enable them to manage their financial affairs in a manner that enhances mission readiness."