Part of emergency preparedness involves having money available during the situation, and having a backup of all your financial data for when the crisis has passed. Think about how terrible it would be to survive a particularly bad situation, and then find out that all your financial information was lost. There are different steps that you can take to minimize a financial emergency when things go wrong, and to plan for your future.
The main thing you need to do to ensure that your emergency preparedness is complete is to make sure you have access to cash. This has to be actual dollar bills and coins, as ATMs may not be working due to possible power failures. You should hide this money somewhere safe so that you can easily access it if something terrible should happen. It is a good idea to always have some funds in your bank account as well, since credit cards may not be accepted but direct debit could still work.
After the situation has been resolved, then the next step is fixing the problems and confusion that occurred. Your emergency preparation should have involved making backup copies of all relevant data related to your finances. On an external drive, you should regularly backup any recent transactions made online, and your credit card information. The idea here is that even if there is a massive power surge that fries your computer, followed by a power failure, once things have been restored to normal you should be able to hook your external drive to an unaffected computer and recover all your data.
Another important step to being prepared for an emergency is having financial records and important contact numbers and names of people in a safe place. In fact, this information should ideally be stored in more than one place, in the event that the first location is compromised. Safe locations could involve an external hard drive, a safety deposit box, a home safe, or some other hidden location. Once the situation has been resolved, these records can be accessed and used to make a quick transition back to normal, and they can often suffice as evidence in case the original data has been lost or damaged.
It is hard to anticipate every eventuality, but one major part of emergency preparedness will always involve money. Make sure you have cash available for buying things even when there is no power, and make sure that you have a backup of financial records stored somewhere safe. It is not just the crisis that you need to prepare for. You need to make sure that when it is over that you and your family will be able to successfully survive the aftermath.
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