To practice the principle of 'Stay Insured,' individuals should purchase insurance to protect against financial loss from events such as illness or accidents, making insurance a component of every personal financial plan.

Authors

• Person: Barbara O’Neill Organization: Rutgers NJAES Cooperative Extension
  Twelve Principles of Personal Financial Literacy (Rutgers NJAES)

Sources

• Twelve Principles of Personal Financial Literacy (Rutgers NJAES) njaes.rutgers.edu Barbara O’Neill · Rutgers NJAES Cooperative Extension via serper

Referenced by nodes (2)

• insurance concept
• financial planning concept