Financial Planning for Disasters

Historically, statistics show most people are not financially stable before a disaster. Post-Disaster costs can wipe a family out. Below are some financial pointers to possibly help you to prepare financially for a disaster.

Save For an Emergency. .Plan financially for the possibility of disaster. .Complete an Emergency Financial First Aid Kit (EFFAK)

.Maintain emergency savings for use in case of an emergency.

Ask yourself the following questions:

.What important documents should you have for an emergency? The Emergency Financial First Aid Kit explains them all: https://go.usa.gov/xNhp6

.How will you pay your bills if a disaster strikes? Disasters don't plan ahead: www.ready.gov/financial-preparedness

.Over 40 percent of all Americans don't have $400 in savings according to the Federal Reserve. What will you do if there is a disaster? Learn how you become more repared:www.ready.gov/financial-preparedness

.Keep some cash on hand in case of emergencies, .You will have expenses like lodging, food, and gas, after a disaster. Are you prepared? www.ready.gov/financial-preparedness

.Are you prepared for a flood? Floods are the nation's most common and costly natural disaster, causing billions of dollars in damage each year.

Get tips: www.floodsmart.gov

.The Emergency Financial First Aid Kit is a tool to help you and your family collect and secure the documents you would need if there was a disaster.

www.ready.gov/financial-preparedness

.Set aside a small amount from each paycheck to go into your savings account. Find more tips to help you manage your money to be prepared for the unexpected: https://www.usa.gov/flec

.Only about half of all Americans have an emergency fund. This gives them the money needed to help with increased expenses after a disaster. Get tips about creating a fund: https://www.usa.gov/flec

.Do you know the help your community provides if there is a disaster?

.Make digital copies of important documents and save them on the cloud or a secure cell phone app in case disaster strikes .Flooding can be an emotionally and financially devastating event. Just one inch of water can cause $25,000 in damage to your home. To learn more visit www.FloodSmart.gov

As always! Have a Plan. Make that Kit. Stay Informed.

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