F$.$ With three children to$$consider$,$ how might Principles$5,6,$ and $7$ pertain to the$$Delgados$\text{'}$ situation?

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Like the unexpected arrival of the$$twins$,$ Principle $5$ reminds Nicholas and Marita that other unexpected events in life require adequate liquid$$funds$,$ or investments that could be readily turned to cash without a $[$ Select $]["$loss$",$ "gain"$].$ Having some assets with $[$ Select $]["$flexibility$",$ "liquidity", "a lack of flexibility", "illiquidity"$]$ avoids the loss associated with a forced quick sale of assets that are not so liquid. $[$ Select $]["$Protection$",$ "Liquid", "Flexible"$]$ funds may help with an emergency$$expense$,$ but large property damage or personal losses$($e$.$g$.,$ for medical$$care$,$ disability, or$$death$)$ require insurance. With three$$kids$,$ there is bound to be at least one fender$$bender$!$ Principle $7$ says protect yourself by having the right kind of insurance at the right price. Trying to save and buy insurance while providing for a family of five may tempt Nicholas and Marita to put off saving for$$longer$-$term goals like college and$$retirement$,$ but Principle $6$ reminds them that smart spending$-$ for big and little purchases$-$ will help them avoid wasting money needed for more important family needs and goals.$$