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January 13, 2012

News

Financial Peace Military Edition to be offered at Fort McCoy in March

A 13-week session of Financial Peace Military Edition, produced by financial expert Dave Ramsey, is being planned for March at Fort McCoy.

Sgt. 1st Class Jennifer Fey, the Fort McCoy chaplain assistant noncommissioned officer in charge, is the facilitator for the course. Fey said the course lasts 90 minutes per session, and it could be held at 4 or 7 p.m. Wednesdays or at 11:30 a.m. Thursdays if enough people pre-register. The Thursday sessions would include lunch. The Fort McCoy Chapel Center, building 2675, would be the course location.

Soldiers will have first priority to register for the training, and then Families and Department of the Army civilians will be accepted as space permits. If necessary, names can be added to a waiting list for the next class. Attendees are requested to make a commitment to the training and are expected to show up each week and sign a class roster.

Financial Peace Military Edition is the military version of the Financial Peace University and is aimed at Soldiers and other military personnel. Fey said the training provides common-sense education and empowerment, which gives hope to everyone from the financially secure to the financially distressed, and offers many valuable lessons/information for non-military personnel as well.

The course provides proven world-class personal financial education, and addresses behavioral change, rather than just knowledge, she said. For example, a Department of Defense survey about personal debt indicated servicemembers were concerned about using payday loans, which may contribute or lead to security clearance problems, foreclosure and bankruptcy problems.

Fey said the class gives the attendees tools to deal with their financial situations and concerns. Soldiers from the rank of specialists to colonel have attended the classes she sponsors and many attendees who had debt when starting the course now are debt-free.

Among the topics covered in the course are saving techniques, debt reduction, credit bureaus and collection practices, insurance, bargain shopping, investments, planning for college and retirement and real estate and mortgages. The last session is a local offering about “Unleashing the Power of Generous Giving.” The lessons, part of a video series produced by Ramsey, help servicemembers develop a sound financial plan during times of activation, deployment, temporary duty or permanent change of station, Fey said.

Free kits to support the course will be provided at the first meeting. Fey said the kits include a workbook, which features military-specific questions and statistics. It also includes a downloadable audio library and budgeting forms. The training can be an important step to allow Soldiers to focus on their mission. Attaining a sound financial readiness status can be a key to mission success and can help eliminate a lot of the financial stress Soldiers face, she said.

To learn more about the course, visit the website www.daveramsey.com/military/get-started or call a Financial Peace Military adviser at 1-800-754-4211, Ext. 5339.

For more information in the Fort McCoy community or to register, e-mail jennifer.c.fey.mil@mail.mil or call the Religious Support Office at 608-388-3528.

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