7 Signs of a Strong Financial Foundation ...


Do you have a strong financial foundation? If you have to think about this question, chances are that your financial foundation needs work. Personal-finance 101 is not taught in many high schools and many people don't learn the basics, such as saving money, budgeting and credit management, until their adult years. But whether you're just graduating high school or you're a fully grown adult, there are ways to build a strong financial foundation. Here are seven signs that your financial foundation is on the right track.

1. Your Savings Account Increases

Even if you canโ€™t deposit a lot into your savings account, the fact that your account is steadily increasing is one sign of a strong financial foundation. Having a savings account is important for various reasons. It provides emergency cash if you lose your job or have an unexpected bill; and if you're saving up for a house or retirement, a savings account can put you closer to your goals. To grow your account, deposit something from your paycheck each week, and save free money like work bonuses or tax refunds.

You Have Multiple Eggs in Your Retirement Basket
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