AFP Staff
Financial Freedom, Financial Planning

5 Ways to Save This Holiday Season

Success in your personal financial goals is impossible without the all-important practice of sticking to a budget. Even if you have a massive source of income, you won’t be able to succeed without formulating a budget and then consistently sticking to it. Part of this process involves planning for annual expenses by putting away monthly amounts to prepare for them, paying yourself first by putting money in savings during each paycheck to grow your net worth, and having an emergency…

AFP Staff
Financial Freedom, Financial Planning

How the 2017 Tax Cuts and Jobs Act Will Affect your Charitable Donations This Year

charitable donations

The Tax Cuts and Jobs Act passed by congress in late 2017 came with a lot of changes. Among the most notable is the raising of the standard deduction to $24,000 for couples, $12,000 for singles, and $18,000 for household heads. This is almost double what the standard deductions were before the new law. According to Evan Beach, CFP® of Campbell Wealth Management in Alexandria, VA, this raise in the standard deduction makes it so that only about 10% of…

AFP Staff
Financial Freedom, Financial Planning, Investments

3 Long-Term Strategies to Slash $163,000 off Your Mortgage

mortgage

Read this article even if you don’t think your mortgage costs this much! Paying off your home faster gives you more money to put towards other activities and priorities in your life. Though it may be a challenging idea, you can do it with a little know-how and good old-fashioned grit! Here are three ways to help you shave off unnecessary mortgage interest allowing you to buy a new car, travel the world, retire earlier, or do whatever you want!…

AFP Staff
Financial Freedom, Financial Planning, Investments

5 Pitfalls To Avoid On Your Path To Financial Freedom

financial pitfalls

On your path to financial freedom there are several pitfalls to avoid. The following are the top 5 danger zones to watch out for on your way to achieving your goals and dreams. 1. Burdening yourself with debt. In its proper place, debt can be leveraged to help you achieve your dreams, such as when you’re buying a house, paying for education, or seeking to build credit. All too often, however, debt can also be a set of handcuffs keeping…