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Although the Marine Corps allow correspondence classes from the Marine Corps Institute (MCI) many Marines do not take advantage of the subjects offered. With the current rise in the cost of living and many enlisted personnel “fresh” to an adult life the subject of personal finance should be taught in multiple settings from the squad level up to the Company level for each young warriors benefit in all branches. What are the thoughts floating around on this subject? Has financial education changed since 2008’s market change?
Education Studies
Personal Finance
Finance
Posted >1 y ago
Responses: 4
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I think it comes down to the new recruits getting eduacted on the programs and classes offered at each base with finances. I know that on my base we have a few different classes we can take from budgeting to loans. I think if more people knew about these available options, it would definitely make a bigger impact on how the newer enlisted personnel spend their pay.
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I think it would benefit anyone since we need to be wise with our finances. Too many people are getting into a financial bind when it comes to car buying or house hunting. I have known Soldiers in my units that would go broke a few days after being paid. Teaching them how to budget will make a difference and it was surprising to me to find out that some don't really know how to budget effectively. The class I took many years ago when I was a junior enlisted was value added. It was only a one day class and it helped me out.
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Cpl David Garcia
I agree with the value of any education especially when it comes to personal finance. Often people overlook the necessity to understand the pay that arrives and takes everything for granted. As a grunt I was culturally taught to avoid non-grunts so I am not too sure if there were quasi-financial advisers available to junior enlisted. I was a day-to-day Marine with a payday advance account. Now, nearly a decade out of service I fall under the cliche "wish I knew then what I know now".
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I agree that something's like this MCI should be definitely taken advantage of by a marine.... Same as doing the counseling for marines MCI when preparing to become an NCO. Regardless, I still hold much empathy towards MCI's... Especially considering the course's right answers are usually very wrong in reality. Take Math for Marines for example... But I digress.
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