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Financial Resources at Little Rock Air Force Base
Little Rock Air Force Base provides a range of financial services and resources to help Airmen, their families, and civilian employees achieve financial stability and build a secure future. Understanding and managing personal finances is crucial for overall well-being, and the base offers various programs to support this.
Airman & Family Readiness Center (A&FRC)
The A&FRC is a central hub for financial counseling and education. They offer free, confidential appointments with accredited financial counselors who can assist with:
- Budgeting and Financial Planning: Creating personalized budgets, setting financial goals, and developing strategies to achieve them.
- Debt Management: Analyzing debt, exploring repayment options, and developing plans to reduce and eliminate debt.
- Credit Counseling: Understanding credit scores, disputing errors on credit reports, and building or rebuilding credit.
- Investing Basics: Learning about different investment options, understanding risk tolerance, and developing long-term investment strategies.
- Car Buying Assistance: Understanding the car buying process, negotiating prices, and securing financing.
- Home Buying/Selling Assistance: navigating the complexities of buying or selling a home, including understanding mortgages and closing costs.
The A&FRC also hosts workshops and seminars on various financial topics throughout the year. Check their calendar for upcoming events.
Military Saves Campaign
Little Rock AFB actively participates in the Military Saves campaign, a social marketing campaign to motivate the military community to save money, reduce debt, and build wealth. This campaign provides resources, tools, and encouragement to help individuals reach their financial goals.
Thrift Savings Plan (TSP)
For military members and eligible civilian employees, the Thrift Savings Plan (TSP) is a valuable retirement savings program. The TSP offers various investment options and potential tax advantages, allowing individuals to build a retirement nest egg. The A&FRC and other resources can provide information and guidance on maximizing TSP benefits.
Financial Readiness for Deployment
Deployments can create unique financial challenges. The A&FRC offers specialized training to help Airmen and their families prepare financially for deployments, addressing topics such as power of attorney, managing bills while deployed, and creating a family care plan.
Emergency Financial Assistance
In times of unexpected financial hardship, the Air Force Aid Society (AFAS) provides emergency financial assistance to Airmen and their families. This assistance is available in the form of interest-free loans or grants to help with essential needs such as food, shelter, and transportation. Contact the A&FRC to learn more about AFAS assistance.
Additional Resources
Beyond the A&FRC, several other resources are available to support financial well-being:
- Military OneSource: Offers free financial counseling and resources online and by phone.
- Personal Financial Management Program (PFMP): May be available through specific units or squadrons.
By taking advantage of the financial resources available at Little Rock AFB, Airmen, families, and civilian employees can gain the knowledge and skills necessary to achieve financial security and build a brighter future.
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