Be Prepared For Disaster

9:47 AM, Sep 17, 2020
20Sept17 - DATP44542_KPAX_FirstSecutiryBank_Straight8_640x360.jpg

Prepare for a disaster.

If 2020 has taught us anything, it’s that we need to prepare ourselves for the unexpected. Disasters can be an overwhelming topic to think about, but it is a good idea to consider your needs before the occurrence of a life-changing event. While you can’t prevent disasters from happening, you can ensure you’ve taken precautions ahead of time. Here are eight steps to start your planning.

1. Develop a realistic action plan- Action plans are not always “one-size-fits all”. Prioritize any medical, emotional, and physical needs for you and your family members. Clarifying these ahead of time will allow you to proceed with a sense of direction.

2. Get the insurance you need- Make sure you cover your assets with the proper insurance. Many coverage plans are available: auto, disability, life, or renters/ homeowners. Research insurance plans with a realistic assessment of your lifestyle to determine which coverage is right for you.

3. Keep records of your personal properties- Make sure you have up-to-date and detailed records of all personal properties, including tax statements, bank accounts, and investments.

4. Set money aside in an emergency savings fund- A good rule of thumb is to set aside six months of income in case of an unfortunate event such as job loss, health issues, or unexpected bills or debts caused by an emergency.

5. Keep some cash in a safe place- Save cash in an easy to access location for times when you need money quickly.

6. Sign up for direct deposit- Have paychecks deposited directly into your bank account. With immediate access, you can be certain your full account balance is available in the event of a disaster.

7. Consider online or mobile banking- Online and mobile banking will give you the options of checking your balance and paying bills, anytime, anywhere. Flexibility is key when disaster strikes.

8. Keep financial documents and information in a safe place- Make sure you have hard copies of your records and keep them in a secure place, such as a home safe, where they can be protected from water or fire. Ensure they are in an easy-to-access location in case of an emergency.

Once you have created your plan and are ready to start saving, contact a Personal Banker at First Security Bank. We can help you determine the best banking products for your needs. Click here to find the location nearest you. Member FDCI, Equal Housing Lender.

About Brand Spotlight

Brand Spotlight offers useful, valuable information from select sponsors on these pages. This content is not produced or endorsed by this station.