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Financial Readiness: As Critical as Fully Charged Batteries

By Mike Bushbaum

Home is where most people feel safe and comfortable. But sometimes ? say, when a hurricane, flood, tornado, wildfire, or other disaster strikes ? it?s safest to pack up and go to another location.

The Federal Trade Commission (FTC), says that when it comes to preparing for situations like weather emergencies, financial readiness is as important as a flashlight with fully charged batteries. This brief article offers some tips from the FTC for financial readiness in case of an emergency. Among the tips are:

Conduct a household inventory.
Buy a lockable, fireproof file box.
Consider renting a safe deposit box for storage of important documents.
Choose an out-of-town contact.
Update all your information.

Each of these tips are explored more fully in the article.

Full post as published by V.U.Lawcity - The Valpo Law Blawg on October 30, 2007 (boomark / email).