Becoming your own Crisis Action Team–How to Manage Money as a Family in Times of Crisis

Developing a Family Crisis Plan of Action

By having a plan before disaster strikes (and trust me, it will), you will be prepared to act out of sound mind, reason and judgement, during the emergency! It is when disaster strikes and we are unprepared that we move into a panic mode and suddenly find the need to buy all the toilet paper we can find.

Preparing for an emergency requires three things:

1. A Plan
2. Steps to execute the plan
3. Having roles and responsibilities for each family member to share the burden and get through the disaster together

These three steps are critical in preparing for an emergency or disaster. While these steps can be used for any number of ways in preparation for a disaster, since this is a money blog, we will specifically see how we can implement these steps to financially prepare for a disaster.

Step 2: Steps to Execute the Plan

Step 3: Sharing the Burden

What to do NOW to protect yourself and your loved ones

What to do in the FUTURE to prepare for the next crisis?