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As many as 10,000 people have reportedly lost their lives, and the city of Tacloban, Philippines has been devastated by Typhoon Haiyan. And although the storm has passed, Filipinos are struggling to survive the aftermath of Typhoon Haiyan. The period after a natural disaster can be extremely difficult as individuals look for ways to rebuild what is lost. Aside from the physical and psychological toll surviving a disaster takes on an individual, a family and a community, there is also a financial toll. While some families have an emergency fund set aside for unseen disasters, others do not. Regardless of whether you do or don’t, immediately after a disaster is when you need to assess, organize and implement a recovery plan.
On today’s episode of Your Money Your Matters we will focus our discussion on surviving a disaster. We'll talk about the importance of planning for the unexpected, including all the things you need to consider, from having an escape plan to an emergency savings fund. We’ll also talk about prioritizing short and long-term financial goals, so that you are more prepared financially for disasters, whether it’s a natural disaster, a health issue or job loss.
Your Money. Your Matters is a weekly show broadcasting every Tuesday from 11 a.m. to noon Central Time. The program features radio personalities Linda Webb-Mañon and Rick Grady, Cornerstone Credit Union League; Courtney Moran, Cornerstone Credit Union Foundation, and Todd Mark, Consumer Credit Counseling Services. Every Tuesday, the four discuss financial issues of most importance to consumers. Tune in; share your thoughts; or gain helpful advice.
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