Code: 3.2.1 · Adults
Knows how to create a financial safety net, such as rainy day savings
Knows how to calculate how long it will take to build a safety net that could cover three month’s income
Understands the role of insurance in managing risk
Builds and maintains an adequate financial safety net through savings, insurance and other financial products as necessary
Motivated to create a financial safety net
Motivated to purchase or update insurance against adverse events or outcomes with a financial consequence (where relevant)