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Money awareness

Financial mismanagement creates worry which is likely to affect an individual’s ability to focus and operate on duty while deployed and at home. Take advice early and do not simply 'stick your head in the sand'.

Personal finance is an individual responsibility and the Service chain of command has no right to interfere. However, financial mismanagement creates additional stresses and distractions that can impact on an individual’s performance on duty, particularly while on operations and there is a Service interest in protecting operational capability. Additionally, Service life can create specific difficulties and we have a responsibility to help personnel become more financially aware and secure.

There is a range of good financial education in the media and on the web, such as the Money Advice Service, the Citizens Advice Bureau and MoneySavingExpert.com (see the links on the right) but there has been nothing aimed specifically at Service personnel and their specific problems.

The MoneyForce website, launched in March 2013, aims to rectify this. MoneyForce is not designed to replace Service/single Service policy, however, it is an important part of an individual's and a commander's toolbox for supporting personnel with financial concerns by providing sound guidance and education. All junior soldiers are introduced to MoneyForce in their Phase 2 training.

What is MoneyForce?

MoneyForceThe Royal British Legion set up MoneyForce (www.moneyforce.org.uk) in conjunction with Standard Life Charitable Trust and with the full co-operation of the MOD. It is unbiased and independent and does not direct users to other company products.

It is an interactive website, users can choose to register on the site (entering information such as age, rank, career stage and family circumstances) to allow the site to deliver tailored information to them, or they can choose to simply surf the site without registration. Any data on the site is anonymous and MOD and single Services will not have access to any user submitted data.

MoneyForce provides easy online support for service personnel and their families, to help them make informed financial decisions and better plan their finances while they are in Service and after they leave the armed forces.


What can it help with?

  • Managing money: useful information on borrowing, saving, budgeting and spending, as well as planning for the future.
  • Your career: useful financial information about different stages of your military career, including pay and career structures, allowances, managing finance as you deploy, assignment in the UK or abroad and making plans for when you leave the Service.
  • Life and family: useful information on managing life’s challenges, setting up home, marriage, divorce, children.
  • Managing crises: useful information and guidance to help people through tough times.
  • Tools: a budget calculator, a car cost calculator and a credit card calculator to help you make informed decisions and plan for the future.
  • ‘Get Help Now’ - a list of signposts to organisations that can provide advice and assistance on issues ranging from alcohol problems, debt and emotional issues, to war pensions and compensation.