According to FEMA’s 2019 National Household Survey, nearly half of adults have set aside less than $700 for an emergency. With April’s National Financial Capability Month (NCFM) right around the corner, now is a great time to increase your preparedness by planning your finances for an unexpected event. FEMA has a variety of activities and events planned for National Financial Capability Month (NFCM) to help get you started! After all, part of being prepared for an emergency or disaster, is understanding your finances.
Consider taking steps each week in April to strengthen your financial planning and align those steps with the month’s weekly themes. They are as follows:
- April 1-4: General Financial Preparedness (Kick-off week!)
- April 5-11: Planning/Budgeting
- April 12-18: Saving
- April 19-25: Insurance
- April 26-30: What steps will you take to change your financial future?
Here is a sneak peak of what’s happening next month:
- Youth Preparedness Council (YPC) Video. On April 1, 2020, be on the lookout for a video on FEMA’s YouTube channel, featuring FEMA’s YPC members sharing their thoughts on the importance of financial preparedness. To watch this video on FEMA’s YouTube Channel, please click here.
- FEMA Podcast on Insurance. On April 20, 2020, listen to FEMA’s Federal Insurance & Mitigation Administration (FIMA) and the American Property Casualty Insurance Association (APCIA© ) discuss the importance of flood insurance and general insurance. Learn what you should be aware of for your home and renter’s insurance, and how it is essential to financial preparedness. The FEMA Podcast is available on Apple iTunes and Google Play to stream or download.
- FEMA’s Instagram Story. On April 21, 2020, via Instagram story, watch FEMA highlight the importance of homeowners and renter’s insurance, and how it is one of the best ways to recover quickly from a disaster. Additionally, learn why it is important to consider flood or earthquake insurance for your home. To watch FEMA’s Instagram story, please click here.
- Webinar — Money: Matters: A Community Approach to Financial Preparedness. On April 29, 2020 at 1 p.m. – 2 p.m. ET, join FEMA and other organizations as they offer tips that will provide you and members of your community proven techniques that have improved the financial resiliency of Americans. To register for the webinar, please click here.
Additionally, plan ahead by using these free resources which will help you budget and save for your financial future with tips, checklists, and resource information:
- Emergency Financial First Aid Kit (EFFAK) Suite
- Financial Emergency Fact Sheet
- Your Disaster Checklist
To find out more about NFCM activities, please visit here, and follow FEMA on social media platforms: Twitter, Instagram, and Facebook using hashtags #MoneyTalks2020, #FinancialFuture2020 and #MoneyMagnet2020.
To learn more about financial preparedness, please visit www.ready.gov/financial-preparedness.
This article first appeared in the monthly Individual and Community Preparedness Newsletter. Subscribe here.