Are you fully prepared financially for the unexpected? Preparing your finances for an unexpected disaster may start with a solid emergency fund, but there is so much more to consider.
While property damages, sickness, and sudden accidents can cause plenty of damage, natural disasters are usually the most unexpected since no one tends to believe a hurricane, tornado, or earthquake would ever hit their town.
Just last week, eight tornadoes spread across Northern and Central Illinois with the most powerful one hitting a small town about 30 minutes from my home. Most of the residents were evacuated in time, but the storm damaged several homes and left many people without a home to even return to. Surrounding communities have organized fundraisers and other disaster relief efforts to help the families in their time of need, but unless you’re in that specific situation it’s extremely hard to imagine losing everything in a matter of minutes.
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