Fort Campbell Finance Office - Lt. Gen. Karen Deason, Military Assistant to the Assistant Secretary of the Army (Financial Management and Comptroller), speaks to attendees at a memorial dedication ceremony at the Defense Payroll Office, Fort Campbell, Kentucky, June 25, 2017. does . Captain Louis A. Dyson was the guest speaker during the ceremony that honored O'Elan and Staff Sgt. Michael A. Murray, who was part of the Fort Campbell finance team, died in a Gander plane crash on Dec. 12, 1985, while returning from a peacekeeping mission in Sinai, Egypt. (U.S. Army photo by Sgt.
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Fort Campbell Finance Office
Lt. Gen. Karen Deason, Military Assistant to the Assistant Secretary of the Army (Financial Management and Comptroller), speaks to attendees at a memorial dedication ceremony at the Defense Payroll Office, Fort Campbell, Kentucky, June 25, 2017. does . Captain Louis A. Dyson was the guest speaker during the ceremony that honored O'Elan and Staff Sgt. Michael A. Murray, who was part of the Fort Campbell finance team, died in a Gander plane crash on Dec. 12, 1985, while returning from a peacekeeping mission in Sinai, Egypt. (U.S. Army photo by Sgt. Nyssa Canfield/101st SBDE Public Affairs)
The 101st Airborne Division (air Assault)
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101st Airborne Division 101st Airborne Division Sustainment Brigade 101st Special Troops Battalion 1980 Canadian Family Finance Corps FMSU Fort Campbell Gander Crash LTG Dyson Memorial Rededication Veterans Pfc. Daughtron R. Mitchell, left, and Spc. Iris I. Claros, right, collects documents in the Department of Defense's Office of Military Pay Division for inspection by the Defense Financial and Accounting Services Network Audit Area Compliance Division, Feb. 20, 2017. (1st Lt. Todd A. Kuzma)
FORT CAMPBELL, KY - Representatives from the Defense Financial and Accounting Service inspected Soldiers and civilians at the Defense Military Pay Office from Feb. 27 to March 3.
The DMPO, which includes Soldiers from the 101st Financial Management Support Unit, 101st Special Forces Battalion, 101st Airborne Division (Air Assault) Sustainment Brigade, received the highest score in the unit's history at 99.68 percent.
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Each year DFAS sends a team of experts from the Network Audit Area Compliance Division (NAFCD) to examine the documentation behind the DMPO's functional areas including customer service, internal review and distribution functions.
Each component under review received a "green" rating from NAFCD, meaning they exceeded the Army standard of 92%.
The DMPO supports the entire 101st Airborne Division (Air Assault) at Fort Campbell to include all tenant units, their families and retirees. DMPO prepares documents for military pay to ensure accurate and timely payment of soldiers. In addition, the customer service section addresses address and soldier salary queries.
"We have seen a lot of progress since the last NAFCD inspection," he said. "Payment was a big concern last year, but 1st Lt. Benjamin Waterbury [deputy dispatcher] did a great job getting the section back green and without a search."
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Sandra Steele, DMPO's deputy director, who was the primary point of contact for each inspection day briefing, said she was also impressed with the inspection results.
Beltre said he was pleased with the results of the inspection and credited the DMPO team for the success.
"I am truly excited to work with this great group of civilians and Soldiers who have pushed to make this the best DMPO in the Army." Belter said.
Clarksville Online is the digital newspaper for the Clarksville-Montgomery County area. Clarksville Online provides breaking news, sports and entertainment information. Clarksville is online now for Clarksville news. The Clarksville Tennessee Voice. Wayne Curry, a personal financial advisor associated with US Medical Operations at Fort Campbell, is hosting a lunch and learn session from his office on April 7. Other sessions will be available from 11:45 am to 12:15 pm. April 14, 21 and 28 via Zoom. A link to the meeting will be posted on the Fort Campbell ACS Facebook page. (Photo credit: Stephanie Ingersoll) View original
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Fort Campbell's Community Service-Financial Readiness Program staff strives to empower Soldiers and families to understand and take responsibility for their finances.
ACS-Financial Readiness also works with personal financial advisors attached to installations at brigades and major units.
"They are placed in units to be the Soldier's immediate resource for financial readiness concerns," said Terence Jones, ACS-Financial Readiness Program Manager. "It saves time and confusion from units because personal financial advisors can take care of them on the spot."
During National Financial Literacy Month in April, ACS-Financial Readiness staff and personal financial advisors are expected to provide information to soldiers and their families while raising awareness of financial services. to inform them about the improvement of financial services. Jones said.
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Steve Stone, an ACS-accredited financial expert for financial readiness, said the 12 enlisted personal financial counselors, or PFCs, can often answer financial questions that Soldiers will have away from their unit for an appointment at ACS. Saves from doing, which it is. Another choice. .
"They are here to provide financial advice and education to soldiers and family members," Stone said. "Our PFCs are a great asset and provide much-needed support and financial education to the military community."
Enlisted personal financial advisors are eager to share their knowledge and help Soldiers develop healthy financial habits and build a good credit score.
"We're working with Community Services to meet the Department of Defense's financial readiness mission," said Wayne Curry, a private financial consultant attached to the US Medical Activity at Fort Campbell. "Our mission is to help Soldiers improve their finances so they can focus on their mission in the military and not worry about their finances."
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Personal financial advisors can help with a variety of financial issues, from building credit for the first time to saving for retirement. Counselors can tailor their counseling to a soldier's specific needs, Carey said.
"For some, they may never have a budget and have debt and credit issues," she said. "For others, it's the opposite end of the spectrum and they're trying to be better about saving and investing and making their money work harder for them, and everything in between."
As part of its celebration of National Financial Literacy Month, Currie hosted an online lunch-and-learn session on April 7 via Zoom. He and other teachers have three more online sessions, from 11:45 a.m. to 12:15 p.m. April 14, 21 and 28.
The first session focused on saving for yourself by planning to set aside money each month, rather than hoping that there will be money left over to save.
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The April 14 session will focus on saving for emergencies, the April 21 session will focus on saving for retirement, and the April 28 session will focus on managing debt and credit.
Links to the meetings will be posted on the Fort Campbell ACS Facebook page. Soldiers cannot join a Zoom meeting with their work computers but can access the link with their smartphones or personal computers, Curry said.
He said the counselors are a free resource that helps soldiers and their families meet their financial goals. They can also provide free FICO scores and credit reports, help veterans set a budget and show customers how to use the money they can save to pay off debt.
"We educate them about what credit is, how it works, how it can be good for them and how it can get them into financial trouble," Curry said. "And then, we help them with ways to build their credit and/or improve their credit."
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One way he recommends building credit is to get a secured credit card with a low credit limit.
"Credit cards themselves are not bad," Curry said. "That's how we use it, so if they've never shopped, they can go to their credit union or bank, get a credit card with a low balance and charge one small item a month and then Pay the bill every month when it appears.
Making payments on time is a key factor in building good credit, whether it's a credit card, car payment or other bill, accounting for 35% of one's credit score, he said.
"The next 30% of their score is credit utilization, and that's a percentage of that available credit being used," Curry said.
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For a credit card with a $1,000 credit limit, that means keeping a balance under $300, he said. The goal is not to use the entire credit limit and then gradually chip away at the balance to pay off the balance as this will negatively affect the consumer's credit score.
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