Being financially prepared for any natural disaster can make managing the unknown a little less stressful. This is especially true for our ALICE (Asset Limited, Income Constrained, Employed) community, who oftentimes are just one emergency away from falling into poverty.
Unexpected loss of income and medical emergencies can arise during or after a hurricane, so planning for them can make all the difference.
Make sure those you love are prepared by:
- Creating a financial disaster kit
- Collecting past tax returns
- Securing proof of identification
- Keeping cash on hand
- Tracking spending habits
Have questions? Ask a financial coach at FinancialStability@unitedwaymiami.org.