THE FIRETEAM FOUNDATION'S MISSION IS TO ECONOMICALLY EMPOWER RETURNING VETERANS THROUGH FINANCIAL EDUCATION AND TRAINING.
The Mission of Fireteam Foundation is to economically empower veterans through financial education and training. The impetus of the Fireteam Foundations programming is imbedded in the financial education and training of veterans in Montgomery County, Texas through the developed curriculum by the USAA Education Foundation. The core curriculum in comprised of delivering a complete lesson plan on the fundamental financial principles that every veteran can leverage to become financially stable. The curriculum consists of the following: financial planning & goal setting, buying, refinancing or renting a home, buying a vehicle, managing credit or debt, preparing their financial future through a comprehensive budget analysis for the entire year. Our instructors are community leaders, financial sector professionals, and veterans that have successfully transitioned from active duty into the civilian work force that provide the peer support and direction to program participants. The coursework and classroom lecture time follows the curriculum and will meet one evening per week for nine weeks. The financial curriculum requires the participants to develop an annual personal budget in those specific corresponding stages beginning with financial planning & goal setting to assist the participants on the identification of their cash inflows and outflows with regard to their financial position. Effectively providing curriculum, training and continued support will provide the veterans in Montgomery County, Texas the opportunity to better comprehend, apply, and engage their finances, thereby reducing the most common stressor to transitioning and at-risk veterans in the communities across the county.
The need for financial readiness, education, and literacy among veterans has grown and become an economic concern nationwide, but more so in the Montgomery County Geographic Area. Iraq and Afghanistan Veterans of America (IAVA) concluded in their 2015 study of 1,501 veterans on the top transitional stressors; financial stress and the lack of financial education and literacy has been the predicating factor in homelessness, suicide, and criminal justice involvement. Per the IAVA study; 74% of respondents indicated that they had no financial plan during their transition from active duty to the civilian sector; 78% of those same respondents identified that they did not have an annual household budget within a year of transition. In the 2012 Bureau of Justice Statistics report titled: Veterans in Prison and Jail, 2011–12, the report identified that 25% of the current jail population is comprised of returning veterans if the wars in Iraq and Afghanistan, of which 1/3rd have been directly involved in combat operations.
The activities that will drive program input and is the engagement and instruction of financial education curriculum designed to deliver the following modules in this order from INPUTS to IMPACT.
Fireteam Foundation Provides project management, volunteer Instructors, USAA Education Foundation financial literacy curriculum and other teaching tools. Strategic Partners include the City of Willis, Americans Stand United, Fireteam Foundation, and Fireteam Apparel Company, and Hashmark Strategies LLC to identify veterans to participate in the program.
The Financial Education Program provides one 2-hour financial education class weekly for 9 weeks on the following curriculum:
- financial planning & goal setting,
- buying, refinancing or renting a home,
- buying a vehicle,
- managing credit or debt,
- preparing their financial future through a comprehensive budget analysis for 1-year.
- (1) One computer per participant for course work completion and continued personal financial analysis.
The curriculum will take place at sponsored venues across the county where strategic partners have identified prospective program participants. The Fireteam Leaders (class leader) will engage their respective team mates throughout the period of instruction (9 weeks) with follow up by their instructors for 1 year after graduation from the class.
OUR PROGRAM OUTPUTS
Fireteam Foundation will recruit, enroll, and educate 20 Veterans who attend the financial education and training classes. 5 veterans per class per quarter.
OUR PROGRAM OUTCOMES
Initial outcomes consist of veterans that are knowledgeable about the fundamentals of personal financial management. Veterans are now familiar with the financial planning, goal setting, major purchases, home buying, renting, or refinancing, and understanding credit and debt.
Intermediate outcomes consist of veterans following the proper financial strategy developed during class in their financial planning and goal setting module of training. Veterans are providing evidence of comprehension regarding the financial planning, budgeting, and goal setting through the design of their annual household budget.
Long-term outcomes consist of veterans maintaining the comprehensive understanding of the principals and fundamentals of personal financial management by applying them monthly, quarterly, and annually in the development, analysis, and application of their household budget. Communicating with their classmates and mentors to reach personal financial milestones of savings, debt reduction, home-buying, or other financial goals at identified in their respective classes.
Fireteam Foundation has identified 39,141 veterans through the National Center for Veterans Statistics and Analysis 2015 GDX Report. Our commitment is to engage, train, and empower 20 financially at-risk veterans beginning in fiscal year 2017, this is 5 veterans per class per quarter. Our service area is the Montgomery County Geographic Area. Fireteam Foundation and our strategic partners are recruiting, selecting, and approving veterans from across multiple demographics, service era’s, military service, and socioeconomic identifiers in communities across the Montgomery County.
The program evaluation process for the financial education and training will consist of a pre-test/post-test methodology at the beginning of the course per class per quarter. We will administer a 10 question test of curriculum knowledge to identify the level of financial acumen prior to instruction. At the conclusion of the course we will deliver the post-test examination of same 10 questions to determine information retention and comprehension. At the beginning and end of each module we will electronically test the participants in the same pre-test/post-test data collection modality to identify their respective curriculum retention and application within each specific module. At the conclusion of the 9-week curriculum the course deliverable will be a comprehensive annual personal budget that will be presented to the class on the last day before graduation.