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.1 comment on this story
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."