National Preparedness Month 2018: Save for an Emergency

National Preparedness Month: Week 4

Save for an Emergency
 

As part of the Federal Emergency Management Agency (FEMA)’s National Preparedness Month, the week of Sept. 23 - 30 emphasizes the importance of financially preparing your home for disasters and other emergency situations.

Plan Financially for a Disaster Situation

No matter what income level your family is at, trying to rebuild life after a disaster or emergency situation is challenging. You can make the recovery process easier by creating an Emergency Financial First Aid Kit, which can be started in four easy steps:

For more information on building an effective Emergency Financial First Aid Kit, visit https://bit.ly/2Pcvwtl

Create a "Rainy Day" Emergency Fun

A “rainy day” emergency savings fund to help provide support during a disaster. While a rainy day fund might seem expensive to create, it can easily be built up over a period of time by depositing small amounts from your paycheck into a dedicated account. It is ideal to have at least six months of living expenses saved in your rainy day fund account.

In addition to having a rainy day fund set up, it is also a great idea to keep an emergency supply of cash kept somewhere in your home. Electronic payment options at stores may not be available during a disaster, so having dollar bills on hand will ensure that you can purchase items without complications.
 

Disasters don’t plan ahead, but you can. Learn more about how to financially prepare for disasters and other emergency situations by visiting https://www.ready.gov/september.

Missed last week’s spotlight on National Preparedness Month? Catch up here.