Financial Emergency Preparedness

Kolleen Schocke |

When we think of emergency preparedness, flashlights, bottled water, and first aid kits immediately come to mind. While having a physical emergency supply kit on hand is an important first step when disaster hits, being financially prepared is just as critical for reducing stress and taking action when the unexpected occurs.

Start by gathering important financial information and copies of documents, including:

•         A list of financial institutions, accounts, and usernames and passwords for online access. You might consider using a password manager where you can securely share this digital information with loved ones. This is a software application designed to store and manage online credentials. Generally, passwords are stored in an encrypted database and locked behind a master password.

•         Homeowner, auto, and life insurance policies.

•         Wills, power of attorney(s), and other estate planning documents.

•         Checks and adequate cash in the event ATMs and cash registers are inoperable due to power outages.

Also consider the following tips:

•         Don’t rely solely on mobile apps to access account information as it may be difficult to charge mobile devices in a widespread power outage.

•         Make sure your financial preparedness kit is in a secure but accessible location to quickly grab it and go when needed.

•         Always keep original copies of wills, estate planning documents, insurance certificates, passports, deeds, titles and other important papers in a secure location, such as a bank safe deposit box or a waterproof/fireproof safe.


Having a plan for your finances in a disaster can eliminate complications in an already stressful time. Take steps today to alleviate undue stress in an emergency.


C-J Advisory, Inc. is a registered investment adviser located in San Jose, CA. Registration of an investment adviser does not imply any level of skill or training and is not an endorsement of any regulatory agency.

This communication is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.