Financial Emergency Preparedness
These days, emergency preparedness should also include financial considerations. Having more typical supplies like a first aid kit, a good supply of dehydrated foods and water, and tools for different situations are still important for dealing with a bad situation, but you also need to remember that cash will not likely be available from your local ATM. There are a number of different things you can do to make sure you have available money during an emergency, and that your records stay intact after the crisis is over.
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.
Most people are so busy concentrating on providing for their families and their immediate needs that taking the necessary steps of emergency preparedness often get pushed to the back burner. The problem with this is that we can never predict what will happen in the future and when we may need things like a backup of financial data, or access to cash. Even small things like having spare coins for pay phones can make a world of difference should some awful event occur. Protect your family by planning for any possibility that the future may bring.
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