Deployments present unique challenges—and managing your personal finances shouldn’t be one of them. That is why the Marine Corps has designated deployment as a Financial Education Action Point (FEAP), making financial training during this time a mandatory requirement.
Why Financial Planning Matters While Deployed
Smart money management while deployed can reduce stress, prevent financial setbacks, and set a foundation for long-term financial success. Whether you’re supporting family at home or planning for the future, having a plan in place ensures your finances stay on track.
Deployment Financial Planning Tips:
- Create a Budget: Include recurring expenses like bills, loan payments, and any support for dependents.
- Automate Payments: Set up automated payments or assign a trusted family member as your Specific Power of Attorney.
- Leverage Deployment Benefits:
- Tax Savings: Earn tax-free income while stationed in combat zones.
- Thift Savings Plan (TSP): Continue building long-term savings and investments.
- Savings Deposit Program (SDP): Deposit up to $10,000 and earn ten percent annual interest.
- Emergency Fund: Aim to save a portion of each paycheck for unexpected expenses during or after returning home.
Support Is Available
Your installation’s Personal Financial Management Program (PFMP) provides free education on budgeting, saving, and more. Reach out to your Personal Financial Manager today to make the most of your deployment pay.