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.
Prepare a list of all your important papers and round them up to get them into a safe place that will protect them from floods or fires or any other kind of destruction that might occur. Get what you do not want destroyed and put them into a safe deposit box or other type of fireproof box.
Make sure that you completely understand what your insurance will cover in case of emergencies. These are important papers that need to be stored safely. It can get pretty tough trying to figure out what is next in the midst of or right after a horrific disaster. It is much easier when you have all your ducks in a row.
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.
The last but by no means the least make sure you have a funded emergency savings account. This account should be separate from any other account and contain enough money to cover at least three to six months of living expenses. This type of account will lift a heavy burden from your shoulders should an emergency occur.
In order to ensure that you family is protected both financially and physically make sure that you follow these guidelines. You can also learn more about controlling your financial situation by getting the report Money Management Made Easy. - 23221
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.
Prepare a list of all your important papers and round them up to get them into a safe place that will protect them from floods or fires or any other kind of destruction that might occur. Get what you do not want destroyed and put them into a safe deposit box or other type of fireproof box.
Make sure that you completely understand what your insurance will cover in case of emergencies. These are important papers that need to be stored safely. It can get pretty tough trying to figure out what is next in the midst of or right after a horrific disaster. It is much easier when you have all your ducks in a row.
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.
The last but by no means the least make sure you have a funded emergency savings account. This account should be separate from any other account and contain enough money to cover at least three to six months of living expenses. This type of account will lift a heavy burden from your shoulders should an emergency occur.
In order to ensure that you family is protected both financially and physically make sure that you follow these guidelines. You can also learn more about controlling your financial situation by getting the report Money Management Made Easy. - 23221
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posted by X - Men @ 3:48 AM
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