Safeguarding one’s finances in case of a catastrophic event is an often-overlooked aspect of disaster preparedness. In response, the American Red Cross and the American Institute of CPA’s (AICPA) developed Disasters and Financial Planning, a comprehensive guide aimed at helping people be more proactive with their financial preparedness in advance of disasters. This guide highlights the importance of:

  • Setting aside a three-day supply of cash to cover expenses one might encounter during a disaster or emergency;
  • Planning ahead by attaining the proper insurance coverage so that disaster recovery doesn’t have to come out of pocket;
  • Having a solid financial plan to avoid living paycheck to paycheck; and
  • Having money set aside to address immediate disaster-related needs.

You can also complete the Emergency Financial First Aid Kit (EFFAK) from the FEMA and Operation HOPE. Use the EFFAK to identify your important documents, medical records, and household contacts. Safeguarding your documents is one of the 10 Ways to Participate in America’s PrepareAthon! When you complete this activity, be sure to add it to the campaign’s website.