Preps Life

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Financially Surviving a Natural Disaster

Natural disasters are one of the worst things that can happen to a person. After someone survives the physical and emotional turmoil from these events, they are left with surviving financially. Here are some ways you can ease the impact of this.

Essential Information
When you’re physical property is destroyed, the most important thing you have left is your information. I’m talking about birth certificates, passports, bank documents, car titles, home deeds, and so on. Ideally, you should keep all of this in a strong, fire/waterproof safe. Store this safe in an easily accessible location on the even your home is severely damaged.

Precious Metals
Gold and Silver, that is. Often with natural disasters, access to one’s bank accounts or monetary funds will be limited or impossible. Having a cache of gold or silver coins will serve as a fantastic emergency currency. The metals are durable and can survive nearly any disaster. They’re established value means they can be traded for cash or goods.

Have A Stockpile
With natural disasters, people clear out grocery stores of their food, water, and tools in mere hours. This spike in demand also means a spike in cost. This applies to consumables, as well as survival gear such as batteries, flashlights, and repair gear. Bypass these boosted prices by having a formidable stock ahead of time. You won’t need to pay exuberant fees for clean water if you already have plenty at home.

If you want everything in one piece after a disaster, the best way is to keep it in the best shape before it happens. Repair that leaky roof, clear out that mildew. Have home insurance. This includes your body. If you are healthy and in shape, you will be less prone to injury. Medical bills are expensive.

We can’t stop a natural disaster, but we can minimize how bad it affects us. In this case, it’s about minimizing how bad it affects our wallets.

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