The Royal British Legion, in partnership with the Ministry of Defence, has launched MoneyForce, a new training programme and website designed to help members of the armed forces manage their finances.

The MoneyForce site implores users to take control of their spending, budget, borrowing and debt, providing a budget planner, car cost calculator and credit card forecaster as tools to help.

The website also includes structured financial education that can be used in armed forces basic training.

Sue Freeth, director of operations at the Royal British Legion, said that the new service was inspired by the particular financial challenges that armed forces personnel face in their chosen career.

"The unique nature of military service brings with it a number of challenges, from a new recruit understanding their benefits and expenses to a recent service-leaver having to pay bills and budget a household for the first time,” she said.

"MoneyForce is one of a number of new programmes which the Legion is providing through the web, and face-to-face briefings in the classroom will provide service personnel with practical tools to equip the armed forces community to independently manage their finances."

Standard Life Charitable Trust has funded the project.

MoneyForce’s financial guidance was developed in partnership with the government’s Money Advice Service, an independent organisation it set up to help people deal with their money.            

You can visit the MoneyForce website here.

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