By Robin Gibson
Did you know that April is Financial Capability Month? We didn't either. But the good folks at FEMA saw fit to make sure we did and to send us these tips to prep for a financial disaster. April showers bring May... bankruptcies? No, but it never hurts to be prepared just in case. And, Lord knows, if the Lowcountry knows anything, it's how to prep for storms.
Ok, so maybe you're more familiar with hurricane names, storm kits and evacuation routes and that's good. But what's also good is checking the barometer of your finances, too.
“Disasters can be overwhelming and chaotic — don’t let financial uncertainty worsen the situation,” said James K. Joseph, regional administrator for FEMA Region V in Chicago. “Take the time now to ensure important documents are safely stored, your insurance coverage is adequate, and you have enough money on-hand to meet your family’s immediate, emergency needs if something unexpected occurs.”
In keeping with that note of monetary caution, FEMA offers these three tips to prepare for the worst while keeping your nose and wallet above water.
An easy way to start preparing your finances for an emergency is by completing an Emergency Financial First Aid Kit. This important document offers guidance on organizing and securing important documents, provides important advice on managing finances, and describes what to expect should a disaster strike your community. For even more information on how to financially prepare for an unexpected emergency or disaster, visit www.ready.gov/financial-preparedness.
Life in the Lowcountry is beautiful but let's be honest.
It's also full of storms. Don't be caught in one unexpectedly, financially or otherwise.
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