Financial Planning for Catastrophe

This lesson will focus on the need to plan financially for unexpected disasters, showcasing the devastation that can occur from natural catastrophes. Using the Nightly Business Report Special, ""The Gulf Coast: Road to Renewal,"" students will learn the importance of having a financial ""safety net"" and how savings and budgeting are necessary planning components. An analysis of the costs and benefits of insurance, as well as an investigation of private and public funding options, will be conducted by the class.

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