Emergencies such as power outages and severe weather can occur at any time and can be costly. Unplanned hotel stays, lost documents, and damaged property are just a few of the costly consequences. But there are ways to be prepared, like setting aside cash, keeping important documents in a safe place, and knowing how to protect your credit if you have to default on a payment. Preparing for the next emergency today could be one of the smartest money moves to make as 2023 begins, and taking small steps each week can make it easier to manage. .
Gabriella Barthlow, a financial coach in the Detroit area, was ready when a multistate power outage hit in 2003. She has enough money on hand to buy food for herself and her two young children, and she puts gas in her car in case she needs to leave the house. was
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