Navy
Personal Financial Management (PFM)
The Navy has long taken a position of providing strong support for its Sailor’s quality of life. One of the key objectives is to provide Sailors and their families the necessary tools to better manage their money. In 2001, the Navy supplemented the Fleet and Family Support Center efforts with an education program targeting recent graduates of boot camp. New Sailors are provided extensive education in the following topic areas listed below:
San Diego City College proudly received the instructional service contract to teach the Personal Financial Management (PFM) "A" School curriculum in June 2001. Employing over 40 instructors, PFM classes were started on 15 July 2001 at the Training Support Center and Naval Hospital Corps School, Great Lakes, IL; Naval Aviation Technical Training Center and Corry Station Cryptology School, Pensacola, FL, and the Navy Submarine Base New London in Groton, CT. Additional sites were added in October 2001 at Fleet Combat Training Center Dam Neck, VA; Lackland AFB San Antonio, TX; Sheppard AFB Wichita Falls, TX; Naval Technical Training Center Meridian, MS; and Fleet Combat Training Center San Diego, CA. In the first three years of the program, San Diego City College instructors trained over 100,000 Sailors.
Topics Covered In The Navy Two Day PFM Training Program
- Legal, moral and ethical aspects of personal financial management.
- Military Pay and Entitlements: Pay, Leave and Earning Statements, Military Benefits and Insurance Coverage, Educational Benefits, Allotments and resolving pay problems.
- Budgeting and establishing Personal Spending Plans. Net Worth, Debt to Income ratios. Discretionary versus Non-Discretionary Spending.
- Banking and Financial Management Services including selecting institutions, direct deposits, checkbook management including Debit Cards, ATM’s and actual exercises on balancing checking accounts.
- The Essentials of Credit. Types, Factors Affecting Credit Worthiness, Proper Credit Usage, Warning Signs of Too Much Debt and Who Can Assist, Consumer Protection Laws, and Credit Reports.
- Consumer Awareness including Psychology of Advertising, Types of Deception, Identity Theft Recognition and Correction, and descriptions of most frequent scams, cons and rip offs.
- Car Buying Steps to Successful Purchase, Personal Budget Review, Contract tips, Determining Fair Price, Negotiation Tips, Effect of Car Ownership in Military, Financing, Consumer Protection and "Can You Afford a Car" exercises.
- Insurance Concepts:
- Renter/Homeowners
- Automobile
- Life
- Health (including Dental)
- Insurance Frauds and Scams
- Protection Tips.
- Investment Planning: Retirement Concepts, Thrift Savings Plan, Military Retirement Programs, Compound Interest Philosophy, and Investment Vehicles.
- Government Credit and Purchase Cards including Government Travel Card Procedures.
- Deployment Financial Planning and associated Legal Documents.
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Mr. Roland "Ron" Jaeh
Contract Training Manager
Ron joined SDCC in July 2001 after serving 39 years active duty with the U.S. Navy. He was an enlisted sailor for 10 years advancing to Senior Chief. He received his commission through the Navy's Chief Warrant Officer Program, ultimately retiring as a "LDO" Captain. In his last assignment he served as Commanding Officer, Naval Air Technical Training Center, Pensacola, FL. Ron has over 15 years of Navy schoolhouse management experience and often says it is a "true honor and privilege to continue to work with our country's most important asset - our men and women in uniform." He is currently the Dean in Pensacola, FL, managing select schools at the Center for Information Dominance. He also manages 9 Navy PFM schools throughout the U.S. and 16 Army PFM schools. Ron is a car enthusiast and his pride and joy is a pristine 1990 Nissan 300ZX that is a frequent winner at Gulf Coast Car Shows. He also enjoys physical fitness training and has completed six 26.2 mile marathons. He is a Navy Master Training Specialist and holds a Bachelors Degree in Aviation Management. He is nearing completion of a Masters Degree in Business Administration.
Email: Mr. Jaeh
Click here for Phone and Fax information |
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Base |
Instructor |
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Center for Information
Dominance, Pensacola FL.
Established:
July 2001
Estimated annual
throughput: 1,500 |
Lead Instructor:
Mark Icenogle
Email: markice@cox.net |
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NTTC Meridian, MS.
Established:
July 2001
Estimated annual
throughput: 2,970
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Lead Instructor:
Bonnie Smith
Email: bonnie.c.smith.ctr@navy.mil |
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CSFE Sheppard AFB,
Wichita Falls TX.
Established:
July 2001
Estimated annual
throughput: 700 |
Lead Instructor:
Glen Neff
Email: nknrn@att.net |
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FCTC Damneck, VA
Established:
July 2001
Estimated annual
throughput: 1,200 |
Lead Instructor:
Gerald Barnard
Email:
b4investments@cox.net |
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Sub Base New London, Groton CT.
Established:
July 2001
Estimated annual
throughput: 1,700 |
Lead Instructor:
Dan Brimeyer
Email:
daniel.brimeyer@navy.mil |
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Lackland AFB, TX.
Established:
July 2001
Estimated annual
throughput: 1,350 |
Lead Instructor:
Glenn Lewis
Email:
geauxcajun@sbcglobal.net |
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NCTC Gulfport MS.
Established:
May 2008
Estimated annual
throughput: 1,250 |
Lead Instructor:
Robert Cutting
Email:
cutting@cableone.net |
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CSFE Fort Leonard Wood, MO.
Established:
May 2008
Estimated annual
throughput: 1,250
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Lead Instructor:
James Bess
Email: jimbob@wildblue.net |
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NCTC Port Hueneme, CA.
Established:
May 2008
Estimated annual
throughput: 1,250
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Lead Instructor:
Tammy Bender
Email: tibender@sbcglobal.net
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