Emergencies often strike when we least expect them. While we prepare our homes and families for storms or health crises, it’s equally important to prepare our finances.
Here’s how to assemble your financial first-aid kit:
Build an emergency fund – Aim to save 3 to 6 months’ worth of living expenses. This cushion can keep you afloat in case of job loss or unexpected bills.
Go paperless with backups – Digitize key financial documents like tax returns, insurance policies, and wills. Store them securely online or on a password-protected USB drive.
Ensure online access – Set up online banking and mobile apps for account access from anywhere, especially in natural disasters or power outages.
Keep a list of contacts – Include your bank, insurance providers, accountant, and financial advisor.
Review insurance and beneficiaries – Make sure your coverage and records are up to date.
Union State Bank offers tools like mobile banking, digital statements, and online bill pay to make managing your money easier during tough times. Take these steps now to avoid unnecessary stress during a crisis.
