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Making military millionaire

By Cpl. Rubin J. Tan | | July 19, 2013

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Marine Corps Community Services
personal financial management program
held a “The Making of the Military
Millionaire” workshop, at the
Four Winds Family Readiness Center
aboard Marine Corps Recruit Depot
Parris Island, July 2.
Chuck Mathieu, MCCS Personal Financial
Management Program Manager
aboard Parris Island, held the
workshop designed to educate service
members and Department of
Defense employees on basic saving
and investing.
Personal financial issues can cause
many problematic hindrances in a
service member’s career such as obtaining
a security clearance, being
assigned a special duty assignment
or even qualifications for reenlistment.
“Service members should care
about classes like these because it’s
their financial future, being in the
military offers many opportunities
to build wealth and have a comfortable
retirement,” said Mathieu, a native
of Worcester, Mass.
It is encouraged by the personal
financial management program to
begin a budget to develop an understanding
of monthly expenses
and start saving money each paycheck.
Once an established budget has
been set, service members can begin
creating an emergency fund
and work towards investing.
Upon entering the military, service
members are enrolled into the Thrift
Saving Plan, a retirement saving
plan invested in various groups of
stocks service members can choose
from.
Other than the TSP, the workshop
also covered the importance of saving,
investing, budgeting, Individual
Retirement Accounts, credit score
checks and more.
“It’s important to know your Marines
and their financial situations
because it can affect their family
and work performance,” said Lance
Cpl. Yohana Videsvelasquezong, a
Headquarters and Support Battalion
warehouse clerk who attended the
workshop.
Personal Financial Management
Program Managers work with active
duty service members and their
families to provide personal financial
education, training, counseling
and information.
Work sections can also request
financial classes for their unit, division
or shop. Requested classes may
be held in the education center’s
classrooms or at a desired location.
For more information about the
PFMP contact Chuck Mathieu aboard
Parris Island at 228-2218 or Dale Wilkes
on Fightertown at 228-7055.
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