Consumer Financial Protection Bureau launches financial education tool for active-duty servicemembers

Misadventures in Money Management expands to wider audience.

The Consumer Financial Protection Bureau (CFPB) expanded its Misadventures in Money Management financial education tool to active-duty servicemembers. Misadventures in Money Management (MIMM.gov) was initially developed for future servicemembers who signed a contract to enlist in the armed forces but had not yet shipped off to basic military training. The CFPB has expanded the program to be available for all servicemembers on active duty, including in the Reserve or the National Guard.

“Misadventures in Money Management is a valuable resource for servicemembers and their families that will help them understand their options in the financial marketplace so they can avoid the most common mistakes,” said CFPB Director Kathleen L. Kraninger. “Improving the financial readiness of our military servicemembers is important so they can focus on the mission at hand.”

The program covers topics including consumer financial decision-making, choosing a financial institution, understanding protections under the Servicemembers Civil Relief Act, and understanding how debt can affect a military career.

For more information, visit the Misadventures in Money Management website.