Navy Personal Financial Management & Transition Assistance Program
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Questions and Answers

The Navy's Personal Financial Management (PFM) program emphasizes a proactive, career life-cycle approach to behavior modification in financial ______.

management

Sailors are encouraged to participate in the Transition Assistance Program (TAP) to successfully plan and execute a job ______.

search

Fleet and Family Support Centers provide services designed to foster financial ______ and accountability.

responsibility

The TAP employment workshops are sponsored by the U.S. Department of ______.

<p>Labor</p> Signup and view all the answers

Accredited Financial Counsellors offer personal financial fitness services to support financial ______.

<p>independence</p> Signup and view all the answers

Study Notes

Personal Financial Management (PFM)

  • Navy's PFM program offers education and counselling to promote financial responsibility.
  • Focuses on proactive, life-cycle approach to behavior modification.
  • Aims to build financial independence, sound money management, debt avoidance, and long-term stability.
  • Services are delivered by Accredited Financial Counsellors, Fleet and Family Support Centers, Command Financial Specialists, and partner organizations.
  • Provides individualized assistance.

Transition Assistance

  • Leaving the Navy involves a significant lifestyle change.
  • Civilian and military life differ considerably, especially for long-term Navy service members.
  • Fleet and Family Support Centers host the Transition Assistance Program (TAP) employment workshops, sponsored by the U.S. Department of Labor.
  • Workshops supply basic knowledge and skills for successful job searching, free of charge.
  • Encourages participation for Sailors departing or retiring from the Navy.

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Description

Explore the Navy's Personal Financial Management program and Transition Assistance services. Learn about financial responsibility, job searching skills, and the resources available for Sailors transitioning to civilian life. This quiz covers essential information for fostering financial independence and successful life changes.

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