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Saturday, May 27, 2017

Don’t Risk a Lot to Save a Little

ifr170526–143
Don’t Risk a Lot to Save a Little
Karen Chan, University of Illinois Extension
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“Don’t risk a lot to save a little”, that simple phrase has stuck with University of Illinois Extension’s Karen Chan through many years. All the way back she says to when she learned it while studying for her Certified Financial Planner designation. It is one of three basic principles of risk management. The idea is not to try saving a nickel when that decision might end up costing $10. Karen has a list of examples.