Financial Support and Resources for Veterans

There are many resources to help active-duty service members and their families with money, but in the past, veterans haven’t had the same resources to help them with personal finance. But great news, that is changing.

In this episode, Accredited Financial Counselor Heath Carelock shares the financial resources available to veterans through a newly launched VetCents. This private and public partnership stood up to help veterans get the education and personalized financial help they need.

Heath is the Program Director for the Financial Empowerment Center at Prince George’s Community College, a United Way of the National Capital Area initiative, and is an attending financial counselor to Veterans Benefits Banking Program. He is a 2022 Maryland Financial Capability Award winner for excellence in financial education. He holds a graduate certificate in Financial Therapy from Kansas State University and is a Certified Financial Behavior Specialist®, Project Management Professional®, and former NeighborWorks America® Financial Capability Coach. Heath is the founder of CARE Financial Impact, serving as an attending financial counselor to MyPath’s ‘Black Economic Equity Movement’ project with SAGE Financial Solutions.

Financial Support and Resources for Veterans Episode Details

  • What VetCents is and how it can help veterans
  • The role the Veterans Benefits Banking Program plays
  • The private and public players in the partnership
  • How VetCents provides tailored financial help to veterans
  • Common financial struggles for veterans face
  • What veterans can do to make sure they get the assistance they need

Related podcast: The New Veterans Benefit Banking Card

Financial Support and Resources for Veterans Resources

Related: The Financial Issues Veterans Face

Military Money Show Sponsor

The Military Money Show is supported by Navy Federal Credit Union, where every day is Veterans Day. They’re proud to have served the Military community for over ninety years. Today, they serve more than two million Veterans. Their employees are a part of the community, many of them having served in the Armed Forces themselves, which helps them understand the unique needs of Veterans. Navy Fed provides resources like “Best Careers After Service” to help Veterans transition to civilian life, and they’re a top VA Home Loan lender. You can use #GratitudeMission to thank a Veteran and honor their service. Learn more at


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