Title: Explain the importance of financial planning.
Course: Army JROTC IV (09054-36)

Explanation should include

- identifying the advantages of using credit
- identifying the various costs related to credit
- comparing common sources for building credit
- examining the factors to consider to establish credit
- identifying general types of insurance
  - health
  - property
  - life
  - disability
  - liability
- identifying the costs associated with insurance coverage
- describing how insurance works.

Process/Skill Questions:

- Why is it important to establish credit?
- What are some factors one should consider when establishing credit?
- Why is it important to use credit wisely?
- Why is it important to have insurance coverage?
- What types of strategies can be utilized to mitigate financial risk?