With the recent increase in the impact of natural disasters, it is now imperative to prepare for events that take place down the road. The best way to avoid a major setback in your financial life after a disaster is to automate important paper transactions at that time. With the hurricane season from April to June, hurricane and hurricane season from June to November and the possibility of earthquakes at any time of the year, there is no time like the present to ensure that there is an emergency. In that case you will have access to your money and personal documents. There are five things you can do to prepare for the next natural disaster.
1. Sign up for your paycheck or direct submission of Social Security benefits. One of the biggest problems with Hurricane Katrina was that people who paid by check did not have access to their money. On the other hand, those who paid by direct deposit were automatically paid on time. If your employer does not offer a direct deposit, send them to the Business section of www.electronicpay ments.org to see the benefits of offering the service not only to their employees but also to the company's bottom line. .
2. Consider online banking so that if your paper records are destroyed and / or your bank branch is not accessible, you have access to your account records. As a result of a disaster, phone lines, cell towers and businesses can be shut down for months, while a natural disaster will make access to your bank accounts virtually uninterrupted.
3. Make sure your insurance premiums, car payments, mortgages and other important bills are paid automatically even if you don't have access to mail or your checkbook. You can Sign up with your any billers for usual payment. Your bills are paid automatically every month, so you are assured that you will have insurance when you need it and your car and home payments will be in good condition.
4. Make photocopies of everything in your wallet, scan the copies into your computer and save them to disk. Keep the disk with your preparation equipment. It takes 15 minutes and will save you if your wallet and financial records are destroyed or stolen. In the event of a power outage, keep a paper copy of these records in a safe place, such as a bank vault. This information is very important if you need credit card cancellation, proof of identity and insurance coverage.
5. Get an ATM card or check card even if you only intend to use it in an emergency. In a catastrophe, cash is king with some retailers, at least for a short time. If you need urgent goods, you will need to access cash through ATMs. In the days following a disaster, it may be virtually impossible to cash checks or find retailers whose credit card systems are working.
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