Finance Fort Riley Ks

Fort Riley, Kansas, a major U.S. Army installation, offers a range of financial resources and services for soldiers, their families, and civilian employees. These resources are designed to promote financial readiness, reduce debt, and improve overall financial well-being.

The core of financial assistance at Fort Riley is the Army Community Service (ACS) Financial Readiness Program. This program provides free, confidential financial counseling, education, and workshops. Counselors can assist individuals with budgeting, debt management, credit repair, saving strategies, and understanding investment options. The program is tailored to address the unique financial challenges faced by military personnel, such as frequent moves, deployments, and the specific benefits and entitlements available to them.

Specifically, ACS offers workshops covering topics like:

• Basic Budgeting: Creating and sticking to a budget to manage income and expenses effectively.
• Debt Reduction Strategies: Developing plans to eliminate debt, including credit card debt, student loans, and auto loans.
• Credit Repair: Understanding credit scores, disputing errors on credit reports, and building or rebuilding credit.
• Investing 101: Learning the basics of investing, including different types of investments and risk management.
• Thrift Savings Plan (TSP) Guidance: Maximizing contributions to the TSP, the retirement savings plan for federal employees and uniformed services members.
• Financial Planning for Deployment: Preparing financially for deployments, including managing bills, setting up powers of attorney, and addressing family financial needs.
• Car Buying Strategies: Understanding the process of buying a car, negotiating a price, and securing financing.
• Home Buying Education: Guidance on the home buying process, including pre-approval, mortgage options, and closing costs.

Beyond ACS, several other resources contribute to the financial landscape at Fort Riley. The Armed Forces Bank and Community National Bank have branches on post, offering convenient access to banking services like checking accounts, savings accounts, loans, and financial advice. These banks often provide specialized products and services tailored to the needs of military members.

The Fort Riley Tax Center provides free tax preparation services during tax season to eligible service members, retirees, and their families. Trained volunteers assist with preparing and filing federal and state income tax returns, ensuring individuals receive all applicable deductions and credits.

Furthermore, Fort Riley strongly encourages financial literacy through various campaigns and outreach efforts. These initiatives aim to raise awareness about financial issues, promote responsible financial behaviors, and connect individuals with available resources. The goal is to empower soldiers and their families to make informed financial decisions, achieve financial security, and build a solid foundation for their future.

It's crucial to remember that financial counseling at Fort Riley is confidential and offered without judgment. Individuals struggling with financial challenges are encouraged to seek assistance without hesitation. Taking proactive steps towards financial well-being is a sign of strength and can significantly improve quality of life.