Managing spending and making sure money is set aside for investments and savings require the creation of a budget. The foundation for accumulating wealth over time is consistent savingslots capital and investing. People can increase their wealth and reach their financial objectives by regularly setting aside money & investing it sensibly. Controlling Risk & Debt. Establishing a solid financial foundation also requires effective debt management. This could be debt repayment with a high interest rate, loan consolidation, or refinancing at a lower interest rate.