Entries in Emergency (2)

Wednesday
Feb062019

Starting an Emergency Fund

Finances - Emergency Saving Funds

Starting an emergency fund is an essential part ( or SHOULD be) of everyone's financial situation. It helps provide a cushion should an emergency arise where you need it! The reasons for using an emergency fund are endless, so it's critical to prepare and build an emergency fund to avoid letting unexpected expenses lead you to financial ruin. 

HOW to START/Build an emergency fund: 

Starting an emergency fund can be as easy as splitting a portion of your direct deposit into a savings account or money market account. It can also consist of setting up a recurring transfer from your checking account into a savings or money market account each week, every other week or monthly. In addition to splitting a portion of your direct deposit into an emergency savings account, tally up your expenses at the end of the month, and compare with your net income. 

If you are not sure where the funds for this emergency fund will come from, re-evaluate your spending habits and your budget. Start with a small amount of savings each month, but try to increase it whenever possible. And anytime you get a tax refund or bonus, add it to your fund. And gradually boost your savings by selling items you don't need, holding a yard sale or putting change into a jar every evening — anything to slowly accumulate cash. Make small goals at first, such as saving $1,000, and then work your way up to a reserve to cover several months' worth of expenses. While your savings goal will depend on your income and expenses, a general rule of thumb is to save enough to cover three to six months' worth of expenses. 
Thursday
Feb182016

Emergency Preparation Checklist

Are You Prepared?

 Are You Prepared?

 Get Started Building a Home Emergency Kit

Winter storm season is upon us and according to the Center for Disease Control and Prevention, nearly half the people in the U.S. do not have resources and plans in place to deal with an emergency. 

The good news is that there are some simple steps you can take now to help you prepare for an emergency. Depending on where you live, and the unique needs of your family, you might need different things in an emergency, but here are a few things that everyone should have in their home emergency kit.

Food and Water

  • Water, at least one gallon per person per day for a minimum of three days
  • Food, at least a three-day supply of non-perishable food per person
  • Manual can opener for canned food
  • Pet food and extra water

Electronics

  • Flashlight
  • Cell phone with charger, inverter, or solar charger
  • Battery-powered or hand crank radio (a NOAA Weather Radio suggested)
  • Extra batteries

Health and Safety

  • First aid kit
  • Medicines (three-day supply, minimum)
  • Wrench or pliers to turn off utilities

Storing and Maintaining Your Kit

Once your supplies are together, here are a few tips to keep your supplies ready:

  • Write the date you store food and water on all containers.
  • Keep canned food in a cool, dry place.
  • Store boxed food in tightly closed plastic or metal containers to protect from pests.
  • Change food, water, medicine and batteries ever six months.
  • Rethink your needs every year and update your kit as your family’s needs change.

Mobile Apps:

The Red Cross also has a number of free apps including:

  • Emergency app – Stay on top of severe weather and emergency alerts and gain access to safety information
  • First Aid app – Instant access to information for common first aid emergencies
  • Pet First Aid app – Important first aid information for your cat or dog

FEMA also has a mobile app to that includes safety and emergency preparedness as well as weather alerts, disasters resources and reports.

Other Resources:

By  on February 4, 2016