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 Tammy G. Bruzon | February 2, 2018

    Are you saving enough for retirement? This America Saves Week, use the @choosetosave Ballpark E$timate to know if you’re hitting a savings home run or striking out: http://bit.ly/2imH3I9#ASW18

Saver Stories View all »

Starting and Continuing a Personal Finance Journey

Written by Sara Cooper | December 23, 2013

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

Read more...

Saving Early: Key to Successful Future

Written by Katie Bryan | October 28, 2013

For Johnnie Lovett, a Young Illinois Saver, saving has been a habit since he was a teenager. “As a teenager, I was responsible for buying certain things with my allowance,”

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...

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