CFS Student Manual

1 CFS. Student Manual First Edition Table of Contents Student Manual CFS Chapters 1 15. CFS 1 Welcome, Introduction and Administration CFS 2 The Need for PFM. CFS 3 Introduction to CFS. CFS 4 Introduction to Managing Finances CFS 5 Financial Counseling CFS 6 Financial Counseling Application CFS 7 Introduction to Financial Planning Worksheet CFS 8 Morgan Wayne Case Studies CFS 9 Personal Financial Recordkeeping CFS 10 Legal Issues of PFM. CFS 11 Your Credit and Your Clearance CFS 12 Financial Referral Resources CFS 13 Instructional Techniques CFS 14 Survivor Benefit Plan CFS 15 Developing Your Program CFS 1. Welcome, Introduction and Administration Student Manual CFS 1.

2 SM. I. INTRODUCTION. Welcome to the Command Financial Specialist Training Course! In this first training chapter, we will have participant introductions; review course administration, the purpose of the training and the course agenda;. and complete the course pretest. As we proceed through today's topics, you will become familiar with the Command Financial Specialist Program and understand more fully why you are here and why your command has chosen you to be one of its representatives. Chapter Correlation to Common CFS Task Areas: 1. Education and Training: Introduces you to major topic areas via agenda review. Training techniques include active participation, chapter review, lecture, and Student introductions.

3 Education Information and and 2. Information and Referral: Introduces you to major topic Training Referral areas via agenda review and the pretest. Introduces students TASK. to each other as possible referral resources. 3. Counseling/Coaching: Introduces you to major topic areas via Counseling/. agenda review. Counseling/coaching technique practice begins with Coaching introductions. II. LEARNING OBJECTIVES. N/A (this is an administrative chapter). III. REFERENCES. Navy OPNAVINST Marine Corps MCO Army DoDI Coast Guard COMDTINST (series). Kirkpatrick, (2007). Implementing the Four Levels: A Practical Guide for Effective Evaluation of Training Programs. San Francisco: Berrett-Koehler Publishers Inc.

4 McCain, (2005). Evaluation Basics. Alexandria, VA: ASTD Press Welcome, Introduction and Administration 1-1. IV. CONTENT. Course Terminal Objectives Upon completion of this course, learners should be able to: Construct, organize and/or manage a comprehensive, proactive PFM program at the command level (which may be measured by quarterly reporting requirements). Conduct effective PFM education and training using the PFM Standardized Curriculum and Touchpoint Training materials. Provide appropriate information and referral resources for clients evidenced by participation in class role-play and case studies. Conduct effective one-on-one counseling/coaching for clients using Solution-Focused Financial Counseling tools and techniques.

5 Financial Training Topics The course will provide training designed to teach you how to be a CFS and training designed to teach you how to use the Touchpoint Training materials. Specific topics covered during the Command Financial Specialist Training are: Core Curriculum: Touchpoint Curriculum: CFS 1 Welcome, Introduction and Administration TC 1 Introduction to Touchpoint Curriculum CFS 2 The Need for PFM TC 2 First Duty Station CFS 3 Introduction to CFS TC 3 Permanent Change of Station (PCS). CFS 4 Introduction to Managing Finances TC 4 Promotion CFS 5 Introduction to Financial Counseling TC 5 Vesting in the TSP. CFS 6 Financial Counseling Application (Jordan Dough) TC 6 Entitlement to Continuation Pay (CP).

6 CFS 7 Introduction to the Financial Planning Worksheet (FPW) TC 7 Marriage CFS 8 Morgan Wayne Case Studies TC 8 Welcoming Your First Child CFS 9 Personal Financial Recordkeeping TC 9 Preparing for Divorce CFS 10 Legal Issues of PFM TC 10 Disabling Sickness or Condition CFS 11 Your Credit and Your Clearance TC 11 Leadership Training CFS 12 Financial Referral Resources TC 12A Pre-Deployment CFS 13 Instructional Techniques TC 12B Post-Deployment CFS 14 Survivor Benefit Plan CFS 15 Developing Your Program Financial topics not covered in the CFS Course are: Banking and Financial Services Planning for Your Retirement Car Buying Raising Financially Fit Kids Consumer Awareness Renting Credit Management Saving and Investing Gambling Awareness Smart Transition Planning Home Buying/Renting Your Insurance Needs How to Survive the Holidays Financially Vacation Planning Military Pay Issues First Duty Station Paying for College Post-Deployment Paying off Your Student Loans Thrift Savings Plan Welcome, Introduction and Administration 1-2.

7 Meet Your Classmates Pair up with another class member and interview them for answers to the following questions: 1. Name: 2. Command: 3. Job or position at command: 4. What do you hope to learn in CFS training? 5. How will you use what you learn during the course? 6. What non-military financial experience do you bring to the classroom? Welcome, Introduction and Administration 1-3. CFS Course Materials Student Manual Your Manual is separated into two sections. The first section includes the CFS chapters that provide information on how to be a CFS. These chapters are numbered as CFS 1, CFS 2, etc. The order follows course topics except CFS 6 which is presented later in the course, but conveniently located in this Student Manual next to CFS 5 for ease of use during the counseling role-play.

8 The second section includes the Touchpoint chapters that introduce learners to the Touchpoint Training materials. These chapters are numbered as TC 1, TC 2, etc. The order follows the roadmap to financial success (as discussed later in the course). This Student Manual is your workbook for the class, and it is yours to keep. We will be actively using the pages in this workbook to complete both in-class activities and after-class homework. Please make notes as we proceed through the information on each topic so that you can refer to them later as needed. Each CFS chapter will be structured as follows: I. Introduction II. Learning Objectives III. References VI.

9 Content Each TC chapter will be organized as follows: I. Introduction II. Learning Objectives III. References IV. Acronyms and Abbreviations V. Touchpoint Toolbox VI. Additional Learning and Activities The Student Manual has been developed as a standardized workbook and companion to the CFS training class. Some of the material is generic in nature. You should use this workbook to make notes on your military branch, local information, and any updated information provided to you during the course. To facilitate the use of these instructional materials, the following terms and acronyms will be used: Command Financial Specialist Training .. CFST. Command Financial Specialist.

10 CFS. Command Financial Specialist Instructor IG. Command Financial Specialist Training Instructor .. Instructor Command Financial Specialist Training Command Financial Specialist Training Student Manual .. SM. Financial Planning Worksheet ..FPW. Personal Financial Management Standardized Curriculum .. PFMSC. Personal Financial Management .. PFM. Touchpoint Curriculum .. TC. Welcome, Introduction and Administration 1-4. Common CFS Task Areas The Personal Financial Management program has three common CFS task areas across military branches: education and training, information and referral, and counseling/coaching. These are woven throughout the course: Chapter Correlation to Common CFS Task Areas: 1.