Wells Fargo Joins Military Family Advisory Network to Support Housing and Financial Health Coalitions


  The Military Family Advisory Network (MFAN) is pleased to announce a continued collaboration with Wells Fargo, reinforcing the commitment of both to healthy, safe, and affordable housing and financial wellness and stability of military families.   MFAN’s work focuses on the modern military family and clearly understanding the support needs of a group that is statistically…

A single pay delay can cause a crisis for a military family


    By Shannon Razsadin, President and Executive Director, Military Family Advisory Network (MFAN) and Joseph Kopser, Board Member, MFAN; Special Advisor for Military Leadership and Strategy Policy, University of Texas at Austin   On Saturday morning I woke up to a message from a military family distraught about the delay in early pay, which was…

Thursday Three Is Here!


    Happy Thursday! Did you know that October is Financial Planning Month? This is a great time to think about your finances – before diving headfirst into holiday spending. Need a head start? We talk about everything from getting out of crisis mode to investing on the MFAN blog.   Our researchers, Drs. Michele Kimball and Jennifer Hurwitz,…

Thursday Three Is Here!


    Happy Thursday! Lots to catch you up on.   We’ve been tracking and updating you regularly on the services’ efforts to be more diverse. THIS is what getting diversity right looks like. Well done, Air Force!   MFAN’s Advisory Board members held their monthly meeting recently, and they shared some of the questions and challenges…

Invest in Your Life!


    It’s a strange time to be thinking about smart investing. For many of us, these days (global pandemic days), we’re just hoping to get through a particularly challenging situation. But what if we told you that now is the PERFECT time to think about your future financial self? First, let’s catch up. Earlier…

Thursday Three Is Here!


    It may not feel like Thursday, especially with the long weekend that just passed, but here we are again. This week starts an exciting (and perhaps challenging) shift for most folks as we transition into new schedules and routines. We’ll continue to share information and resources to make those transitions easier.   Speaking…

Getting Out of Crisis Mode


    In this week’s Thursday Three, we talk about the recent executive order to defer payroll taxes. The idea of some financial relief in the midst of COVID-19 is an appealing one. But it’s not one without future consequences. Today’s “extra money” is tomorrow’s problem – when the new year will bring with it…

Thursday Three Is Here!


    Back to school season. Cue the round of deep sighs…. We’re talking about it in a blog this week, complete with resources to support you and your favorite military kids during a school year like no other.   Also this week, MFAN participated in two panels at the (virtual) Association of Military Banks of America (AMBA) Fall Workshop – talking about how to best ensure military…

The Real Cost of Moving


Every move can set a military family back about $5,000. That’s money they’ll never be reimbursed for and will never recover. And military families move, on average, every two to three years. MFAN has collected data from military families over the past four years that shows that financial stress is a primary burden during the…

The Tenant Bill of Rights – What You Need to Know


This policy is a direct response to the many brave military families who shared their stories with us through our research, to members of Congress, to military leadership, and the media. It’s not easy to speak up, but here at MFAN, we know that data is powerful, and we appreciate the nearly 17,000 families who…

Military Online Financial Education Program Hits Major Unique User Milestone, Expands Smart Investing Capabilities to Match Growing Demand


Military Online Financial Education Program Hits Major Unique User Milestone, Expands Smart Investing Capabilities to Match Growing Demand   WASHINGTON — The Military Family Advisory Network’s (MFAN) MilCentsSM, an online social learning financial education program, reached a milestone of 11,087 unique program participants in 2018, a 33 percent increase from 2017. MilCents introduces military families…

14 Money Saving Holiday Hacks For MilFams


Don’t let the holiday rush get the best of your wallet. Spend smart with these tips from MFAN advisors. 1. Plan ahead via GIPHY If you’re playing host this year, plan out your menu and create your shopping list in advance—that way, as sales start rolling in you can buy items on sale. Check out…

Keeping the Best of the Best


The U.S. military services have experienced some of the best recruiting and retention numbers in the past 13 years of war. They have also gained the exceptional expertise and training that has been invested to maintain and sustain an all-volunteer force that is ready, willing and able to defend our country. This ready force requires…