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The Five Foundations.

The fourth foundation

*Pay cash for college

College-an educational institution or establishment, in particular.

The third foundation

*Pay cash for your car

The fifth foundation

The second foundation

Cash-money in coins or notes, as distinct from checks, money orders, or credit.

The First Foundation

*build wealth and give

*sinking fund

*Save a $500 emergency fund

This is a way to save if you have large purchases coming up. You need to calculate the expected cost and divide it by how long you have until you need to purchase it.

Keep in mind that just 500$ won't always be enough for an emergency fund. You will want to have 3-6 months of living expenses set aside in your emergency fund.

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