Practical, Actionable Protection and Insurance Tips
This video provides simple, actionable protection and insurance tips in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about insurance and protecting their assets, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.
Suitable for students from grade levels:
- Elementary School
- Middle School
- High School
The topics covered are:
- Tip #1: Buy Insurance
- Tip #2: Build an Emergency Fund
- Tip #3: Don’t be Gullible
- Tip #4: Prepare a Will
Insurance and protection are two of the most important yet often overlooked aspects of personal finance.
These insurance tips will ensure you and your assets are protected no matter what.
Tip #1: Buy Insurance
Whether it’s life, auto, health, or home insurance, it offers protection from financial risks and gives tremendous peace of mind in the event of unexpected losses.
Review your insurance periodically to make sure it aligns with your changing needs.
Tip #2: Build an Emergency Fund
Everyone should set aside money equivalent to 3 to 6 months of expenses for emergencies like job loss, health issues or home repairs.
This makes sure a minor setback doesn’t lead to financial distress.
Tip #3: Don’t be Gullible
Don’t fall for get-rich-quick schemes or look for shortcuts – if something sounds too good to be true, it probably is.
Tip #4: Prepare a Will
To make sure your hard earned money and assets go to the intended recipients, take the time to prepare a will that details out how your belongings will be distributed after you die.
Insurance and protection are two key aspects of personal finance – but there is a lot more to it.
Liked these insurance tips? Check out our other posts for more actionable tips on budgeting, saving and investing, borrowing and credit cards, etc.