How Effective Financial Emergency Planning Can Bring You Calm
- April 6, 2020
- by Chelsea
Why You've Got to Listen to This Episode...
Are you financially prepared today if something were to happen to you tomorrow? Financial emergency and estate planning often falls into that “important but not urgent” area of our to-do list that gets pushed off time and again.
If we know anything, it’s how quickly life can change and how truly unexpected those changes can be. Avoiding emergency planning because it’s hard can put your loved ones in a more difficult position if something happened than if you had just faced your fears and made a plan.
Emergency and estate planning is truly an act of love. We know it’s going to be hard—and a little bit scary, if we’re being honest—but we do it because it’s the best thing for our families.
In today’s episode, I’m sharing everything you need to know about effective financial emergency planning so you can feel at peace knowing your family is taken care of in the event of the unspeakable. I will discuss the different types of insurance most families need, wills and trusts, how to keep all of your financial records organized, and so much more. If you want to feel financially prepared for any type of emergency, this is an episode you don’t want to miss.
Don't Miss These Highlights!
- [02:56] Why establishing a robust emergency fund is a must
- [06:18] 5 core types of insurance most families need
- [11:18] Why, if you have children, you absolutely need a will to be sure your wishes are honored
- [15:49] The importance of creating a Family Emergency Binder
- [18:29] The purpose of a grab & go bag and creating a disaster plan for your family
- [21:11] Chelsea recaps the steps to an effective emergency plan
Links & Resources Mentioned
- Trust & Will
- Policygenius
- Family Emergency Binder - Smart Money Mamas
- A Beginner’s Guide to Emergency Funds
- Why You Need a Family Emergency Binder & Estate Plan Now
- Long-Term Disability Insurance: A Financial Knight in Shining Armor
- 5 Myths About Wills & What Parents Need to Know
- Financial Emergency Preparedness Checklist - Free Download
Are You Protecting What Matters Most?
Grab our free Financial Emergency & Estate Planning Checklist to make sure you’re prepared for anything life may throw at you!
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