Make Sure You Are Financially Prepared In An Emergency
A little planning now can help you handle a natural disaster or other emergency. With all the disaster that have hit over the last few years such as, hurricanes, tsunamis, earthquakes and other natural disaster many people have focused on their need to be prepared in case of an emergency.
Each and every one of us should be constantly preparing for the next financial emergency that will hit. We should have our financial papers in a safe place and accounts set up with emergency funds. Being financially prepared now can be the difference between security and crisis when it comes to our families and finances.
One of the first things to do in emergency preparation is to create an inventory of personal belongings of any value. This would include any financial and family papers and documents. Get them into a safe fire proof and water proof box and if you can store them with friends or family who do not reside in your area. By the way, make sure that you back up your computer files and get them on a CD for safe keeping.
Understand what types of losses your renters or homeowners insurance covers. Ask your insurance agent or financial planner about additional coverage for floods, earthquakes, home offices and big-ticket items. Keep copies of your policies in a safe place along with your other important papers.
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.
Follow these guidelines to ensure you and your family are protected financially as well as physically. If you would like to learn more on how to gain control of your finances all the time then head on over to the report at Money Management Made Easy. - 23217
Each and every one of us should be constantly preparing for the next financial emergency that will hit. We should have our financial papers in a safe place and accounts set up with emergency funds. Being financially prepared now can be the difference between security and crisis when it comes to our families and finances.
One of the first things to do in emergency preparation is to create an inventory of personal belongings of any value. This would include any financial and family papers and documents. Get them into a safe fire proof and water proof box and if you can store them with friends or family who do not reside in your area. By the way, make sure that you back up your computer files and get them on a CD for safe keeping.
Understand what types of losses your renters or homeowners insurance covers. Ask your insurance agent or financial planner about additional coverage for floods, earthquakes, home offices and big-ticket items. Keep copies of your policies in a safe place along with your other important papers.
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.
Follow these guidelines to ensure you and your family are protected financially as well as physically. If you would like to learn more on how to gain control of your finances all the time then head on over to the report at Money Management Made Easy. - 23217
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Yes, even you can Get control over your money simply click on this report Money Management Made Easy and learn the six steps for handling your money.
posted by X - Men @ 3:36 AM
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