From the course: Managing Your Finances in a Financial Downturn

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Build your financial first aid kit

Build your financial first aid kit

From the course: Managing Your Finances in a Financial Downturn

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Build your financial first aid kit

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- We know that it's always good to have a first aid kit around just in case you need a bandaid or something else. Being prepared helps you feel better about venturing out and eliminate stress in a time of uncertainty. You deserve that same peace of mind to know that you're prepared for a financial emergency, as well as a physical one. Recently, I had a family member fall and need to be rushed into surgery. Within hours, our hospital asked for copies of his trust and other financial documents. If you've been in this situation, it can be incredibly stressful to grapple with the emotions in emergency and still be able to provide the hospital with what they need. In this moment, having a financial first aid kit in order was critical. We had most of these documents saved in one place fortunately. Let's talk through building your own financial first aid kit. First things first. Remember those documents we collected for…

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