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Episode 2424:
Michelle Schroeder-Gardner highlights the critical importance of creating a financial emergency response plan to safeguard your family during unexpected events. By organizing essential documents, keeping them securely stored, and ensuring loved ones know how to access them, you can provide peace of mind and prevent added stress in challenging times.
Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/06/financial-emergency-list-for-an-emergency-response-plan.html
Quotes to ponder:
"It’s best to keep a financial emergency response plan of everything just in case something were to happen, even if it’s something no one ever wants to think about."
"Collecting all of this information is not enough. You will want to go over everything with the person who would be next in charge after you, as they may have questions about how to access certain accounts."
"Having all your stuff organized is going to be a huge help to your loved ones, who will likely need to figure this stuff out during a very emotional time."
Episode references:
Family Emergency Binder by Smart Money Mamas: https://smartmoneymamas.com/family-emergency-binder
In Case of Emergency Binder: https://emergencybinders.com
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