First Command News & Media

FOR IMMEDIATE RELEASE — NOV. 4, 2015

First Command Offers Tips For Monitoring Family Finances

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FORT WORTH, Texas — Looking to keep a closer watch on your household finances? First Command Financial Services, Inc. is offering a few ideas in the Fall 2015 issue of Journey, the online magazine for First Command clients.

Titled "Servicemembers Outpacing Civilians In Monitoring Family Finances," the story reports that middle-class military families are checking a variety of aspects of their household finances on a frequent basis. The majority:

  • Monitor pay stubs
  • Make sure they stick to a defined budget
  • Monitor personal stock investments
  • Check mutual fund allocations
  • Monitor taxes and tax changes

"At a time of widespread uncertainty about sequestration and defense downsizing, many military families are conscientiously tracking their finances," said Scott Spiker, CEO of First Command Financial Service, Inc. "Two thirds of career servicemembers feel anxious about cuts to defense spending. That's about twice the rate we see in the general population. Our men and women in uniform are responding to this heightened anxiety through a variety of proactive financial behaviors. By diligently monitoring their finances, they are preparing themselves for an uncertain future."

Be sure to check out this story and the entire Fall issue at http://fcjourney.com/.

About First Command

First Command Financial Services and its subsidiaries, including First Command Bank and First Command Financial Planning, assist American families in their efforts to build wealth, reduce debt and pursue their lifetime financial goals and dreams—focusing on consumer behavior as the first and most powerful determinant of results. Through knowledgeable advice and coaching of the financial behaviors conducive to success, First Command Financial Advisors have built trustworthy, lasting relationships with hundreds of thousands of client families since 1958.

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