It’s a sobering fact that many of us experience the unfortunate impact of natural disasters. A recent survey showed that four-in-ten Americans say their local community has experienced severe weather like floods, storms, extreme temperatures, wildfires, and other disasters. During weather threats, many families act to ensure their safety and wellbeing, recover treasured possessions and survive difficult living conditions.
As residents in vulnerable areas of the U.S. anticipate potentially dangerous weather, there is a risk that households will suffer financial challenges as a result of weather and climate events. If you are facing an unexpected natural event or the continued challenges of ongoing national emergencies, here are tips from our partners at GreenPath Financial Wellness to manage the financial impact of natural disasters and mitigate the financial stress these events can cause.
Remember every emergency situation is unique and might require additional steps. The goal of preparing your finances for an emergency is to create a sense of financial health and resilience. Start with these steps and tailor them to your specific situation to ensure you’re well-prepared for whatever unexpected events may come your way.