The Importance of Being Financially Prepared
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.
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.
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.
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.
Since we really never know what can hit us and how fast it can come upon us I like to keep a few hundred dollars in small bills hidden away for quick access. Let's face it if the power is out the ATM's won't be working and we may actually need to buy something with cash.
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.
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. - 23196
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.
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.
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.
Since we really never know what can hit us and how fast it can come upon us I like to keep a few hundred dollars in small bills hidden away for quick access. Let's face it if the power is out the ATM's won't be working and we may actually need to buy something with cash.
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.
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. - 23196
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Yes, even you can Get control over your money then you need to click on this special report Money Management Made Easy and discover the six steps to managing money.
posted by X - Men @ 3:36 AM
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