1. [Video] 4 Ways to Prepare for a Financial Emergency

[Video] 4 Ways to Prepare for a Financial Emergency

Share:

Facebook Tweet mail
blog post author image

Written by: Madison Smith | Best Company Editorial Team

Last Updated: May 12th, 2020


Did you know that six out of ten households face some kind of unexpected financial emergency each year?

Clearly, you can never be too prepared for an emergency — especially when it comes to your finances. 

This video goes over four ways you can start preparing for a financial emergency: 

  1. Establish an emergency fund 
  2. Safeguard critical documents
  3. Consult with a financial counselor or coach
  4. Review your insurance coverage

Although these steps can help you get started with financial emergency preparation, you should also take your personal financial and life situation into account and do what is best for you.

Overall, getting your financial situation in order can take time, but it will prove to be worthwhile when you or a family member is faced with a financially taxing emergency.

For more financial tips, check out these article for answers to common personal finance questions:

The Top Personal Loans Companies

company logo
#1 Best Egg chevron_right
9.3 Overall Score
4.9
starstarstarstarstar_half
(7,810)
company logo
#2 FreedomPlus chevron_right
7.0 Overall Score
4.6
starstarstarstarstar_half
(2,088)
company logo
#3 SoFi chevron_right
6.8 Overall Score
4.7
starstarstarstarstar_half
(119)

Related Articles

The 5 Best Personal Loans Companies [2020]

May 14, 2020

These awesome companies have earned a coveted spot on Best Company’s top five best personal loans companies list f...

Read More
Will My Credit Score Be Negatively Affected If I Apply for...

March 13, 2020

Are you considering a personal loan? Are you worried about how applying for or borrowing a personal loan will affect y...

Read More
What If I Miss a Payment on My Personal Loan? What to Do N...

March 13, 2020

Let's say you've been approved for a personal loan through a local lender of your choice. You agreed with the terms, ra...

Read More