Veterans Financial Coalition Formed to Serve Financial Needs of Transitioning Veterans

The following post comes from the Military Saves Blog.  Follow them on Twitter and Facebook.

A new coalition to serve the needs of transitioning veterans was formed last month, and includes a partnership between five major consumer organizations including Military Saves and our coordinating organization Consumer Federation of America (CFA). The new Veterans Financial Coalition will work to improve the financial security of the nation’s growing veteran population as they return to civilian life.

Along with Military Saves and CFA, coalition members include the nonprofit organizations Consumer Action and Association for Financial Counseling and Planning Education (AFCPE), as well as Visa Inc. The coalition aims to help guide the transition into civilian life for servicemembers leaving the military by offering helpful financial resources, providing financial education for veterans, and community organizations serving veterans, and raising awareness for the unique financial challenges that veterans face.

Coalition resources that are available for veterans include budgeting and saving tips, tax break information, and educational games. Materials and resources from Veterans Financial Coalition members can be viewed on the “Resources” page of the coalition’s website at VeteransFinancialCoalition.com.

Additionally, there are plans to create a new train-the-trainer program for community based organizations who serve veterans, being developed by coalition partner, Consumer Action. “There is a critical need to reach and educate veterans who are often preyed on by bad actors and to provide them with the knowledge they need to protect themselves and prosper financially," said Ken McEldowney, Consumer Action's Executive Director. "With proper training, education, and access to appropriate resources, we believe veterans can make informed decisions about their financial futures."

Consumer Action will create a comprehensive education module and host a series of training programs for community based organizations in cities with large veteran populations. The first two programs will be held in San Diego, CA and Virginia Beach, VA this September.

Also available is a social media toolkit with information about the coalition, for community organizations serving veterans needs. The toolkit can be used by organizations to get the word out about the new coalition and the resources that each coalition member offers to veterans who may be dealing with financial hardship.

For more information on the coalition and the work each partner does, including Military Saves, visit the “About Us” page at the Veterans Financial Coalition’s website. And don’t forget that veterans can also take the Military Saves pledge to set a financial goal and receive free resources to help them get on the path to financial stability. Take the pledge today at MilitarySaves.org/take-the-pledge.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Katie Bryan | December 14, 2013

    Set a goal, make a plan, #save automatically - pledge to #save today! http://ow.ly/ksLWb

Saver Stories View all »

Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

Read more...

Developing a Savings "Game Plan"

Written by Katie Bryan | October 28, 2013

Eunice Diaz, a teacher in Colorado Springs, had been noticing a pattern. Despite the fact that she and her husband were “making good money,” they were spending their entire earnings and “were still struggling at the end of the month.”

Read more...

Transforming “I Can’t Save” to “I Will Save”

Written by Guest Blogger | January 13, 2016

You will not believe what it took to completely change my life. About three years ago, the HR Administrator of the corporation where I worked (as a temp with no benefits) forwarded an email to me. Fifteen seconds. One small act of kindness. That's it - that's all it took!

Read more...

Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving