It is often overwhelming and hard to see a way out of the mess when life hits you with a truly unexpected emergency. That’s why we’ve identified three unique steps to take to protect your financial wellbeing after a variety of stressful emergencies. While we discuss how to respond financially, please be sure to protect your mental, physical, and spiritual wellness by practicing self-care, mindfulness, and asking for help if you need it.
A sudden job loss or reduced hours can be discouraging. To overcome this setback, take time to do the following.
What can I do now to better prepare for an unexpected loss of income?
Set a goal to create an emergency fund.
The reality is if you get seriously sick or injured, care is expensive, so be proactive with these tips to reduce costs.
What can I do now to better prepare for a medical emergency?
Confirm that your policy meets your needs.
If the dreaded engine light turns on or you get into an accident, try these tricks to save money on needed repairs.
What can I do now to better prepare for an urgent car repair?
Stay on top of the routine maintenance schedule.
Emotional events like death or separation also require tough but honest conversations about money.
What can I do now to better prepare for a family crisis?
Practice talking about money with family in informal ways.
After securing your safety following a weather-related emergency, take swift action to get financial aid.
What can I do now to better prepare for a natural disaster?
Make a plan with these financial preparedness tools.
Money Management E-Newsletter: January 2022