Are You Financially Prepared For An Emergency?
It seems that there has been an abundance of natural disasters over the past few years. Some of those who have been hit have begun to get prepared in case of future emergencies they may face. Unfortunately, those of us who have yet to be hit only read about it in the news and we do not think it will ever happen to us. Oh, we may have a candle or two put aside in case of a power outage but we never think of being financially prepared for an emergency.
Very few, however, consider the need to be prepared for a financial emergency in their plans. From keeping an evacuation box with important documents to setting up an account with emergency funds, preparing now can be the difference between financial security and financial crisis.
Create a household inventory for items of significant value and locate originals of important financial and family documents. Store original documents in waterproof bags in a safe deposit box or durable "evacuation box" and photocopies in a safe place. Use a CD to back up key documents on your computer. If practical, store copies with friends or relatives who live outside the area.
Check with your insurance agent and check your policies to make sure you understand what your coverage is on such things as floods, fire, earthquakes etc. Make sure that you have your policies safely stored for future access.
I like to keep at least $500 in cash at home in a good hiding place where I can get to it quickly in case of a sudden emergency. Don't keep the money in large bills but it should be in small denominations for easier use.
I also like to keep a list of important phone numbers in my wallet and my wife's purse so that we can get in touch with our family members, doctors, insurance agents and even credit card people. With the high tech stuff most of us carry we can get this information logged into our cell phones as well.
Perhaps the most important thing you can do to prepare for an emergency if to have a savings account for emergencies. You should have at a minimum a 3-6 months living expenses savings account fully funded for not only those natural disasters that may occur but also those financial emergencies that will pop up from time to time. An emergency fund of this type will relieve the pressure that comes should an emergency arise.
The above suggestions are imperative if you want to help protect yourself and your family should that emergency come. If you would like more information on financial issues check out the report Money Management Made Easy. - 23222
Very few, however, consider the need to be prepared for a financial emergency in their plans. From keeping an evacuation box with important documents to setting up an account with emergency funds, preparing now can be the difference between financial security and financial crisis.
Create a household inventory for items of significant value and locate originals of important financial and family documents. Store original documents in waterproof bags in a safe deposit box or durable "evacuation box" and photocopies in a safe place. Use a CD to back up key documents on your computer. If practical, store copies with friends or relatives who live outside the area.
Check with your insurance agent and check your policies to make sure you understand what your coverage is on such things as floods, fire, earthquakes etc. Make sure that you have your policies safely stored for future access.
I like to keep at least $500 in cash at home in a good hiding place where I can get to it quickly in case of a sudden emergency. Don't keep the money in large bills but it should be in small denominations for easier use.
I also like to keep a list of important phone numbers in my wallet and my wife's purse so that we can get in touch with our family members, doctors, insurance agents and even credit card people. With the high tech stuff most of us carry we can get this information logged into our cell phones as well.
Perhaps the most important thing you can do to prepare for an emergency if to have a savings account for emergencies. You should have at a minimum a 3-6 months living expenses savings account fully funded for not only those natural disasters that may occur but also those financial emergencies that will pop up from time to time. An emergency fund of this type will relieve the pressure that comes should an emergency arise.
The above suggestions are imperative if you want to help protect yourself and your family should that emergency come. If you would like more information on financial issues check out the report Money Management Made Easy. - 23222
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Yes, even you can Get control over your money simply click on this report Money Management Made Easy and discover the steps to control your money.
posted by X - Men @ 3:38 AM
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