Hi, if you want free updates from my blog, you can enter your email address here.

Have Your Finances Prepared Before a Disaster

This is a guest post by Tisha Kulak. If you would like to write a guest post, email me.

With the increase of natural disasters around the country, it is just as important to have your finances in order as it is to have an emergency evacuation plan and sufficient insurance. As part of any family emergency plan, keep the following check list handy and avoid even more devastation after a fire, hurricane, flood, or earthquake happens.

1. Compile a Master List

In order to stay prepared for the worst, make a point to write down all of your various creditors and other account’s names, phone numbers, and account numbers. Having telephone access to your bank, your creditors, your mortgage company, and your car loan company can help prevent your finances from going crazy in an already bad situation. You can also keep a photocopied record of credit cards and driver’s licenses in the event you need to provide proof of identity and you have lost your belongings. Keep all of your financial information secured and stored at an off-site location, such as a safe deposit box. Update this list frequently so it remains accurate.

2. Keep On-Site Documents Safe

For insurance policies and other documents that remain in your home, purchase a sturdy fire-proof filing cabinet and store important papers in plastic, leak-proof bags.

3. Establish an Emergency Only Card

Having one credit card designated for emergency purposes only will ensure that when tragedy strikes, you will have enough room to purchase things you really need like food, shelter, and clothing.

4. Reserve Some Emergency Cash

Depending on the emergency, you may loose your purse or wallet and will be left without cash. Set aside some emergency funds in a protected area that you can easily access during an evacuation. Keep enough money to be able to adequately split it between the other family members in the event you become separated for any reason, otherwise some of your family will be left without.

5. Program Your Cell Phone

Most people have pre-programmed friends and loved ones into their phones but do not think about the other important numbers, such as those on the Master List, for easy accessibility. The sooner you are able to contact your creditors, banks, and other service providers, the more likely you will receive immediate help.

During an emergency or natural disaster, life can quickly become chaotic and confusing. By being fully prepared, you will not only give yourself a peace of mind but also will benefit from being able to deal with your finances and your insurance providers immediately. No one can ever be truly prepared when disaster strikes but getting a good head start is more than worth it in the end.

Tisha Kulak is a writer for Creditorweb.com, where she writes about credit card offers, finances, credit cards, and responsible credit card use.

Get more legal tips

Sign-up below to receive my bi-monthly email newsletter with free legal tips. All fields are required.

See also...


3 Responses to “Have Your Finances Prepared Before a Disaster”

  1. Chuck Newton
    July 31st, 2008

    Is there something you are not telling me?

  2. Andrew Flusche
    August 1st, 2008

    Yes, my crystal ball shows a disaster in the future. That’s what us fake psychics call a “best guess.” Heck, in this case, I can say with absolute certainty that a disaster will strike somewhere in the near future. Hopefully it won’t be near us. 🙂

  3. judith
    November 5th, 2008

    About a year ago my husband told me he thought there would soon be a worldwide catastrophe, he just wasn’t sure what kind. At the time I didn’t believe him, but then the global financial crisis happend. He hasn’t predicted anything else up to now, but I don’t think I’m going to take any chances, so I’ll be taking your advice and getting prepared. It can’t do any harm can it?

Comments are automatically closed on older posts.

  • Legal tips by email

    Sign-up below to get email tips and exclusive discounts on videos, webinars, and future items.

    All fields are required.

  • Receive updates

    By email
    By rss (full feed)
  • About Andrew Flusche

    Lawyer, bicyclist, husband.
    More about me...
    Tumble Log
    View Andrew Flusche's profile on LinkedIn
    Andrew Flusche's Facebook Profile
  • Popular Posts