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