Works for Me: Financial Preparation for Emergencies

Works For Me Wednesday!

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.
It’s important to keep a “buffer” on credit cards and in your bank account.
Don’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!

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

  1. Lines From The Vine 11. Oct, 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

  2. Barbara H. 11. Oct, 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.

  3. Magi 11. Oct, 2006 at 12:08 pm #

    What great suggestions. You just never know when an emergency hits and the banks aren’t always available.

  4. Larae 11. Oct, 2006 at 3:56 pm #

    Wow, thanks for the link!

  5. Laurel Wreath 11. Oct, 2006 at 7:01 pm #

    Living in Florida where hurricanes can hit, these are GREAT TIPS.

  6. Mrs Lifecruiser 11. Oct, 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.

  7. Lisa B. 13. Oct, 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.

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