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."
- 11 best—and worst—state tax systems
- Why babies are expensive, but could save you...
- Review: Larger iPhones eliminate reason to...
- 5 reasons why Utah is a great place to live
- Why starting a garden doesn't save you money
- Customers wait all night, get new iPhone 6
- How much America wants to be taxed
- Utah has some of the rudest drivers,...
- Utah has some of the rudest drivers,... 42
- US wealth gap putting the squeeze on... 27
- 5 reasons why Utah is a great place to... 22
- Yellen says US families need to boost... 10
- Financial interventions don't work 7
- How much America wants to be taxed 6
- Extended warranties a big sell. Are... 4
- Dave Ramsey says: Tips for stretching... 4