How Can Americans Financially Recover From Disaster?

Photo by Kelly Sikkema on Unsplash

Las Vegas was just hit with heavy rain that flooded my garage, the second time in the last two months that this has happened. Quick action prevented any damage from occurring both times, and quickly we’re able to laugh it off. It got me really thinking about those who are less fortunate in this country, dealing with far worse occurences of nature with much less help backing them up.

The first thing that comes to mind for a lot of these people is their family. They jump at the chance to ensure the safety of their loved ones. Loved ones are priceless and there’s no way of replacing something so sacred. Looming above the sigh of relief when everyone is accounted for, however, is the threat of financial ruin.

While I can’t predict (or prevent) the weather, I can offer some advice. How does one prepare (and recover) for unfortunate natural disasters?

Prepare a Disaster Savings Account

Those who live in states that are more susceptible to natural disasters might already be doing this. If not, pay attention because mother nature is unpredictable. The best way to prepare for any unforeseen financial situation is by having an account dedicated to that one thing in particular.

This is important because disasters can often leave us without a place of work. Floods…