Misadventures in Money Management (MIMM.gov) is the CFPB’s virtual learning tool to help military personnel navigate ways to avoid financial pitfalls. Recently, the CFPB expanded the availability of MiMM.gov to all active-duty servicemembers, including those in the Reserve or the National Guard.
This education tool uses the style of “graphic novel meets choose your own adventure” and lets people choose a financial path and see how the choice plays out. MiMM covers topics including:
- the importance of building savings
- how to avoid impulse purchases
- how debt can affect a military career
- protections and benefits of the Servicemembers Civil Relief Act (SCRA) and
- financial decision-making
“Misadventures in Money Management is a valuable resource for servicemembers and their families that will help them understand their options in the financial marketplace so they can avoid the most common mistakes,” said CFPB Director Kathleen L. Kraninger. “Improving the financial readiness of our military servicemembers is important so they can focus on the mission at hand.”
Visit MiMM.gov to test your financial knowledge.