We’ve talked about having your flashlights and batteries in the event of an emergency. But do you have a financial emergency kit? No matter what your financial situation, there are many things you can do so that you’re more prepared to bounce back when disaster strikes.
- Keep copies of financial and other critical personal/household/medication information in your emergency kit in a water-tight container. Consider also keeping scans of these documents in secure online storage.
- Always have a small amount of cash on hand at home and in your car. Remember that when the power is out, ATMs and credit cards may not work so you’ll need cash as an option to carry you over.
- Consider opening up an emergency savings account that would be used only in the event of a crisis. This is obviously a luxury for those who have money available to set aside but remember that every little bit counts.
- Get flood insurance. Anywhere it can rain, it can flood, especially here in flat, low Chesapeake. Flood insurance for those outside of the FEMA flood plan can actually be quite affordable. Contact a local insurance agent for a quote – you may be quite surprised by how low it actually is.
For more information on how you can be financially prepared for disasters, visit Ready.gov where you can search for the Emergency Financial First Aid Kit for additional help.