Financial Emergency Kit

When it comes to saving money and protecting your finances, it’s often the preventative steps that you take which have a huge effect on how your finances ultimately turn out. This is especially true when it comes to potential and unexpected disasters.

While most financial experts give good advice on how to prepare a basic emergency finance kit, it’s obvious that they have never lived through a major disaster themselves. Their steps make sense for preparing for a fire such as making an extra copy of all important documents and placing them in a bank safety deposit box. While this will suffice in many cases, it’s not helpful for something like a hurricane or earthquake where

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7 Responses to Financial Emergency Kit

  1. Pingback: Financial Rounds

  2. Jacked Tunes says:

    What do you think of scanning the most important documents and tossing them into your email acount, zipped, encrypted?

  3. pfadvice says:

    “What do you think of scanning the most important documents and tossing them into your email acount, zipped, encrypted?”

    I think that it’s a great additional step to take, but it’s likely that you won’t have power or computer access for awhile after a major disaster – our power was out for 2 weeks after the earthquake. It’s a good back-up in case you couldn’t get out with your duffel bag for whatever reason.

    “Jeffrey: Perhaps you saw my post from last Septemberů”

    I missed that, but glad you pointed it out and that others in the pf world are thinking along the same lines.

  4. Pingback: Fearless Money » Making a Financial Emergency Kit

  5. Pingback: Mapgirl’s Fiscal Challenge / Personal Emergency Kit

  6. Taryn Wildeson says:

    I think there is nothing more heartbreaking than remembering being loved and cuddled by your grandmother. When I was 16 I found out I had Crohn’s disease @ the time it wasn’t debilitating
    over the years I got worse, lost weight, teeth, hair and finally my Colon burst in half. Being a farm girl, I had a high tolerance to pain, even before when I could barely hold my bowels I wore maxi-pads to absorb what leaked from my loose stool.
    My family made me think I was over exaggerating and ignored me.
    After emergencey surgery the Dr scolded my fmily, telling them he had NEVER hear or seen a person live more than 10 hrs with the amount of septic material in my system , let alone have gone 3 days. They should be ashamed and instead of rejoicing my survivial should think they would have been planning my burial.
    That’s not quite the worse, in 11/1/2000 I moved into a poperty my grandparents owned. I, thanks to the help of my drs got me diability. At first my rent was $300, slowly it kept rising, fuel here,an extra for inflation, then 50 for electicity. I was scrapping to getting to get by. My grndparents never had big paying jobs i n thier life, but now own 192 acre farm, a new Cadallac and 2 Dodges every 3 yrs. The Farm House I live in is divided into 2 apartments downstairs w/ a garage and upstairs, mine. They also lease the land to be farmed by a local farmer. If I was a day late with my rent I got an angry call saying she needed her money too! She gets Social security the same day!
    Hint: Thier youngest daughter (who is only 10 yrs younger than I am, Is a multi-millionaire, with only a 10 yr degree from Shippensburg University?)

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