Jeffrey D. Allred
Although 73 percent of Americans thought that predictions of the world ending Dec. 21, 2012 — the day the Mayan Long Count Calendar ends — are unlikely, 41 percent thought that preparing for a catastrophe was a smarter investment than saving through a 401(k), according to a study done by Kelton Research last January.
Whether the world ends on Friday or not, an article by Bankrate suggests how to be prepared for financial disasters.
Bernie Carr, a health care professional who writes about preparedness, said to focus on likely threats, which for her are hurricanes and tornadoes. She sets aside about $100 per month for restocking water, canned food and other supplies.
She said creating a budget is the biggest thing.
"I think of it like insurance. You always want to have it, but you never want to use it," Carr said to Bankrate. Paul Purcell, a terrorism and natural disaster preparedness trainer, agrees about the importance of having a budget.
"Going over budget on your security puts you at risk, too," Purcell said to Bankrate. "So it's just as important to stick to a budget as it is to be prepared."
- How to eat on just $4 a day
- 15 actions families are taking today to make...
- Obama announces new birth control fixes for...
- How to pay off all your student debt with one...
- The 20 best cities to live in for first-time...
- A solution to paying that medical bill you...
- How depression threatens financial well-being
- Vet who simulates homelessness for a month...
- Allow student loan bankruptcies,... 17
- Raising a kid will cost you $245,000... 11
- Food stamp use shows continued... 9
- Want to increase attraction in your... 7
- How to eat on just $4 a day 7
- Obama announces new birth control fixes... 5
- Dave Ramsey says: Don't make... 5
- A solution to paying that medical bill... 4