How to Prepare for the AFC® Exam Tips From Successful Candidates

Written By: Andi Wrenn, AFC®

One of the most common questions I hear from professionals on the journey to becoming an Accredited Financial Counselor® (AFC®) is,  “How should I prepare for the exam?” 

The truth is, there isn’t a one-size-fits-all approach to studying. Some candidates thrive with structured schedules and group discussions, while others prefer independent, self-paced learning. In this article, I’ve combined insights from my students, colleagues, and my own recommendations to create a practical guide to help you feel confident and prepared when it comes time for test day. 

Whether you are naturally comfortable taking exams or find them stressful, these strategies can help  build a study plan that works for you.

Start With a Timeline That Fits Your Schedule:

Most candidates begin studying one to six months before the exam, depending on their professional and personal schedules. The key is to set realistic goals. 

If you have a full-time job or family commitments, planning for the longer end of that range gives you time to review at a manageable pace. If you’re fresh out of school, have more flexibility, or you are already working in a related field, you may be able to prepare in less time. 

Preparation Strategies: One to Six Months Before the Exam 

Many successful candidates recommend using a combination of learning formats to stay engaged and reinforce concepts. Here are some proven strategies: 

• Participate in virtual study sessions or webinar reviews offered by AFCPE®.  

• Watch the recordings or listen to the audio while commuting or doing household tasks for webinar reviews and virtual study sessions. 

• Form or join a study group. Meeting weekly with other candidates—either in person or virtually—helps you stay accountable and gives you a space to discuss complex topics. 

• Work through course modules methodically. Avoid skipping around; the structure of the curriculum builds itself. 

• Create notecards of bold terms, definitions, and key concepts in your course materials. 

• Highlight important topics in your books for quick reference later. 

• Use active recall techniques. Record yourself asking and answering questions, then listen to your recordings during your free time or while doing household chores. 

• Teach what you’re learning. Writing short blogs or journal entries about each topic helps solidify your understanding. 

• Commit to consistent reading. Go through all course materials at least once and note areas where you need a deeper review. 

The goal during this phase is to build a strong foundation and develop good study habits that will carry you through the final stretch. 

One Month Before the Exam: Shift to Review Mode 

As your exam date approaches, it’s time to focus on reinforcement and practice: 

• Attend the webinar review at the AFCPE Symposium, if available. 

• Use tools like Quizlet or other flashcard apps for practice questions. 

• Have a study partner quiz you on your notecards. 

• Schedule dedicated review time each day, even if it’s just 20–30 minutes. 

• Retake the end-of-section quizzes in your materials multiple times to ensure you understand not just the answers, but also the reasoning behind them. 

• If you need testing accommodations due to a medical condition or learning difference, request them well in advance. Having the right support can make a significant difference in your performance. 

• Ask friends or family to quiz you on general financial topics. This practice forces you to think on your feet and articulate your knowledge in different ways. 

This period is about building confidence while identifying and addressing any remaining gaps in your knowledge. 

Right Before and During the Exam 

The night before and the day of the exam are about managing your mindset and energy levels: 

• Do a light review of any areas where you feel less confident but avoid heavy cramming. 

• Get a full night’s sleep. Being well-rested will help focus and recall. 

• Eat a balanced meal before your exam. 

• Dress in layers. Testing centers can be unpredictable in temperature. 

• Bring water (if allowed) and use the restroom before starting the timed portion. 

When the exam begins: 

• Read each question carefully. Don’t add details that aren’t provided. 

• Answer each question on your first pass—trust your preparation. 

• Flag any questions you want to revisit, then return them once you’ve completed the rest of the test. 

• If you’re stuck, narrow your options down to two and select the one that makes the most sense. 

• Use any extra time to take short breaks—even standing or stretching for 30 seconds can help regulate nerves and refocus your mind. 

Mindset Matters 

Perhaps the most important advice from those who have passed the AFC® exam is to stay calm and trust the process. You’ve already done the hard work by completing your coursework and putting in the study time. 

Remind yourself that the exam is designed to test your applied knowledge—not to trick you. Approach each question with confidence and steady focus. 

After the Exam 

When you walk out of the testing center, know that you’ve taken a major step forward in your professional journey. Many candidates feel relief after taking the exam. 

If you don’t pass on your first attempt, don’t be discouraged. Use the feedback provided to refocus your study plan and try again—many professionals succeed on their second attempt. 

Final Thoughts 

Preparing for the AFC® exam is both a challenge and an opportunity. The process strengthens your knowledge, sharpens your practical skills, and builds confidence in your ability to help clients achieve their financial goals. 

We hope these strategies help craft a study plan that works for you. Remember the goal isn’t just to pass the test; it’s to become a more effective and informed financial professional. 

With thoughtful preparation and a calm, confident approach, you’ll be well on your way to joining the growing community of Accredited Financial Counselors®.  

I want to thank Cynthia Hudson, AFC® Candidate and Cortney Howard, AFC® for their contributions to the article.  

Andi Wrenn, AFC®, MQFP®, uses her certifications and MA in Counseling to convey her passion for helping people achieve personal, financial, and professional goals. She is a past president of the AFCPE® Board of Directors, and a retired leader in military financial education. Through her business, Coaching Capability, she develops continuing education and experience hour opportunities for CFP®, ChFC®, and AFC® professionals. She empowers financial professionals with engaging education and mentorship to enhance client trust and communication.