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5 items for your financial “go-bag”

Oleg Koval / Shutterstock
Oleg Koval / Shutterstock

For much of 2017, the news was full of images of families fleeing wildfires, hurricanes and other natural disasters. Follow-up stories showing survivors picking through wreckage are heartbreaking-but also inspiring in their determination to rebuild. Let's face it: anyone of us may face an emergency, as can our friends and family. We all know we need to be prepared. Getting ready for an emergency isn't just a matter of planning your escape route, packing emergency supplies, or shoring up your home's foundation. There's a financial element as well. Here are some ways to enhance financial readiness in case an emergency strikes you.

1. Pad your financial cushion

natural disaster

2. Keep some cash at hand

Paul

3. Get your coverage right

4. Break out the camera

5. Safeguard your records

Paul Mele is the Head of Participant Engagement for BlackRock's U.S. & Canada Defined Contribution (USDC) Group and a regular contributor to The Blog .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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