Works for Me: Financial Preparation for Emergencies

Reading Red Letters E. Webscapes

I wish the stage were as narrow as the wire of a tightrope dancer, so that no incompetent would dare step on it. ~Johann Wolfgang von Goethe

Oct

When we consider emergency preparation, most of us think to make sure we have bottled water, nonperishable food, batteries for our flashlights . . . but how many of us think to prepare our finances for a disaster?

I found this great guide that outlines in detail what you should do to prepare for an emergency from a financial standpoint. Biggies include:

Keep some cash in a safe, accessible place. In a major disaster, if electrical service is not available, your ATM/Debit card may not work.
Itâ€™s important to keep a â€œbufferâ€ on credit cards and in your bank account.
Donâ€™t wait until your gas tank is on empty to gas up your car.

I highly recommend checking this out - you never know what might happen. Being ready in EVERY way for an emergency? Works for me!

10/24/2007 -- Works for Me: Get Your Credit Report - Free!
9/6/2006 -- Works for Me: PearBudget Revisited
8/22/2006 -- Works for Me: Personal Finance Savvy

7 Responses to “Works for Me: Financial Preparation for Emergencies”

Lines From The Vine Says: October 11th, 2006 at 8:54 am
Hi Lindsey,
I don’t think that people think about these kinds of things nearly enough…thank you for the reminder! We should all
be more prepared for the unexpected!

–Tracy

Using Internet Explorer 6.0 on Windows 2000
Barbara H. Says: October 11th, 2006 at 10:08 am
Those are good ideas. I’m guilty of letting my gas tank get really low since most of my driving is close-by.

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Magi Says: October 11th, 2006 at 12:08 pm
What great suggestions. You just never know when an emergency hits and the banks aren’t always available.

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Larae Says: October 11th, 2006 at 3:56 pm
Wow, thanks for the link!

Using Internet Explorer 6.0 on Windows XP
Laurel Wreath Says: October 11th, 2006 at 7:01 pm
Living in Florida where hurricanes can hit, these are GREAT TIPS.

Using Mozilla Firefox 1.5.0.7 on Windows XP
Mrs Lifecruiser Says: October 11th, 2006 at 7:01 pm
This is rather obvious things, but still so neglected… so it really is needed to be reminded about over and over again!

Great guidelines.

Using Internet Explorer 6.0 on Windows XP
Lisa B. Says: October 13th, 2006 at 12:23 am
When we were looking for a secure place to stash some cash, dh came up with the idea of cutting in an empty electrical outlet. He cut the rectangle into a wall in the garage, pushed in an “old work box” (from Home Depot, electrical department) and then screwed on a blank plate. In emergencies all we needed to do was quickly unscrew the front of the electrical plate and there was our cash. There’s no way burglars would ever think of looking behind an electrical outlet.

Using Internet Explorer 6.0 on Windows XP

Me! I'm Lindsey, and thanks so much for stopping by Suspension of Disbelief. I love living in the South. Born and raised in Georgia, live in Florida, school in North Carolina – it just doesn't get better . . .
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