JACKSON, Wyo. — Teton County Emergency Management wants to help residents consider the financial implications of a disaster and help take the right steps to be more prepared when things go wrong.
Financial preparedness may sound expensive, but there are no and low-cost ways to improve your resilience, that only require time and effort.
1. Download the Emergency Financial First Aid Kit (EEFAK)
- The EEFAK is a tool put together by FEMA and five other agencies to help organize critical financial, medical and household information.
- It also provides advice on managing finances and describes what to expect should a disaster strike your community.
2. Fill out the EEFAK, or use your own system to organize and store important records
- When you complete the first two sections of the EEFAK – “Household Identification and Financial and Legal Documentation” – you will have all the information needed to apply for Federal Emergency Agency (FEMA) disaster assistance.
- At a minimum, make copies of documents like your ID and social security card.
- Store your records digitally and also keep paper copies in a waterproof, fireproof container and/or off-site in a safety deposit box or with a trusted friend or relative.
3. Document your property
- Take photos or record a video of the rooms in your home and any valuable belongings in case you need to repair, replace or rebuild after a disaster.
4. Keep some cash on hand
- It is important to have small bills stored in a secure place. ATMs and credit cards may not work during a disaster and banks may be closed when you need to purchase necessary supplies, fuel or food.
5. Review your insurance coverage
- If you own a home or a car, ensure that your homeowner’s and auto insurance coverage is enough to support you in an emergency.
- If you rent, make sure that your lease reflects your current rent payment and verify that your insurance is up-to-date.
6. Start an emergency savings account
- If you can find a way to set aside small amounts, like $5 or $10 a week, you will be better situated to take care of expenses that arise after an unexpected event.
