Posted on Feb 24, 2016
Does your unit ever discuss about TSP and Money Management?
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I have yet to have a formal class about TSP, the importance of saving for retirement and how to not blow my paycheck on needless items.
Posted 9 y ago
Responses: 5
These classes are often offered by USAA and other financial volunteers who come to the base. It falls upon the command to ensure that opportunities like this are used in addition to their regular unit financial counseling, though these special classes can sometimes conflict with exercise commitments. I even had my geographically-separated company (reinforced) arrange for one of these classes. If you'd really like a formal class on finance, and I definitely agree on the need for such classes as we've all had the "new join horror story on bad financial decisions", just ask your platoon leadership. It'll be easier to make the case and bring it to the attention of the right people if there's a bottom-up demand for this type of professional military education.
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The TSP is awesome. When I was enlisted the NCOs were pushing T-Bills. I don't think that I made all that much off of them, but I cashed them out to pay bills when I was studying for the bar exam.
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In theory your first line supervisor should give you financial counseling periodically. Your other resource on post for TSP should be the S-1 or if you have one the CFNCO (Command Finance NCO) of your BN. You are certainly in the majority with not receiving financial advise from the military. I suppose you could try ACS as well.
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SPC(P) (Join to see)
I try to give classes on it when we have down time! It was sad seeing PVT's blow their money and take unnecessary credit for things like gaming consoles, etc etc. I know it's their money, but I'd hate to see someone default on a loan
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SFC David Davenport
I am happy to see that you care enough to say something and help them make good choices!
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