The Five Foundations
By: Emma Bores & Maloree Beste
The First Foundation
SAVE A $500 EMERGENCY FUND
- make it a goal to save
- get a part-time job
The Second Foundation
GET OUT OF DEBT
- debt can be very stressful
- the quicker you get out the less problems you'll have
The Third Foundation
PAY CASH FOR YOUR CAR
- this will save you lots of money
The Fourth Foundation
PAY CASH FOR COLLEGE
- use the sinking fund approach
- borrowing money ends up costing you more
The Fifth Foundation
BUILD WEALTH AND GIVE
- you must have discipline to save
- an interest-bearing account will generate you money