One of the 5 P’s of Life is “Personal Finance” – your money. While money isn’t everything, it helps you achieve the lifestyle you want to live. Every Tuesday, we tweet personal finance tips to help you achieve your financial goals. Click here to follow us on Twitter. Below are some tips we tweeted last month.

New tax law allows 529 plans to be used for K through 12 expenses for private and religious schools – discuss your tax-free saving options with your CFP® 

If you received an expensive holiday gift (e.g., jewelry, antiques, collectibles, etc.), check your insurance for adequate coverage.

Review your credit card annual statement, Amazon purchases and PayPal purchases to identify one category you want to spend less in during 2018.

Even though you qualify for a large home, you may be better off with a less expensive home once you figure how much money you’ll need for maintenance, enhancements, furnishings, taxes, and insurance. 

A working grandparent who has a grandchild living with them may qualify for the earned income tax credit – ask your tax advisor if you qualify.

References for our personal finance tips are listed below – click on the title to go to the link.

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ABOUT US: Transition Planning & Guidance, LLC, (“TransitionPG®”) looks at all aspects of life using the 5 P’s of Life – personal relationships, personal finance, profession, peace of mind, and physical health. While money helps you achieve many goals, it’s not the only thing to consider when developing a financial plan. Our mission is to help you define and achieve your financial, personal, and professional goals – especially during life transitions. Through our planning services and guidance plans, you take control of your money and life.


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