scope:

Applicability and Scope.

Provisions of this instruction apply to all DON Active Duty and Reserve personnel, regular and reserve commands, permanent detachments, and departments. DON civilian employees serving at duty stations outside continental United States (OCONUS) are also included under some provisions of this instruction. Active Duty and Reserve personnel of other Department of Defense (DOD) Components and Coast Guard are included when assigned to DON commands.

Purpose.

To establish Department of Navy (DON) policy and assign responsibilities for the implementation of Personal Financial Management (PFM) education, training, and counseling programs. Recent Navy community needs assessment data clearly identifies personal financial management as a top concern of Navy families. Operational commanders have identified financial issues as having a direct impact on readiness and retention. In many cases, resultant financial problems have had a serious negative impact on service members and families, as well as a debilitating effect on operational readiness, morale, and retention.