Kimberly Palmer: How to prepare for your next emergency

Jan 1, 2023, 2:00 PM | Updated: Jan 2, 2023, 6:03 am
FILE - In this Nov. 26, 2018, file photo, a Pacific Gas & Electric lineman works to repair a power ...

FILE - In this Nov. 26, 2018, file photo, a Pacific Gas & Electric lineman works to repair a power line in fire-ravaged Paradise, Calif. Emergencies such as power outages or severe weather can happen at any time and can be costly. Unplanned hotel stays, lost documents and damaged property are just a few of the expensive outcomes. (AP Photo/Rich Pedroncelli, File)

(AP Photo/Rich Pedroncelli, File)

When a power outage knocked out electricity to a multistate region in 2003, Gabriella Barthlow , a financial coach in the Detroit area, was prepared. She had enough money on hand to buy food for herself and her two young children, plus put gas in her car in case they needed to leave home.

“I was so happy I had that cash,” she recalls. Now, Barthlow encourages her clients to be similarly ready for unexpected events. Power outages, weather interruptions and other disasters can inflict chaos and take a financial toll — often with little warning — but being prepared can help minimize the damage.

Here are steps you can take to make sure you’re ready for the next emergency.


As Barthlow found, cash can be crucial when you’re facing an extended power outage since machines that accept debit and credit cards might not be running. Bernie Carr, author of “The Prepper’s Pocket Guide” and founder of, says you want to keep enough cash on hand to cover gas and food for several days and carry at least some of it with you.

“I like to keep $40 in cash in my car or purse so I know I can always at least get home in case the registers aren’t working,” Carr says.

That money is in addition to an emergency savings fund, which is stored in a savings account to help you get through a period of unexpected hardship or income loss. Financial experts often recommend you build up three to six months worth of expenses into that account, but even much smaller amounts will help stabilize your finances.


Carr suggests purchasing supplies over time that could help you survive temporary disruptions to power, water and other utilities, as can happen during natural disasters.

“When you next go grocery shopping, set aside $10 and pick up bottled water or your favorite food can or instant oatmeal,” she suggests. On the next visit, put together a first aid kit with items like bandages and antibacterial wipes, or flashlights and extra batteries. Other types of equipment such as a water filter, camping stove and solar lights can also be helpful.

“A lot of emergency gear is also camping equipment, so there are a lot of sales right before and right after summer,” Carr says.


Barthlow suggests collecting your essential documents — contact numbers; insurance information; recent bank account statements; identity cards; any marriage, birth and divorce certificates — and putting them in a waterproof, fireproof box, as well as scanning and storing them online in a password-protected account or on a flash drive.

“I also ask people to declutter their life, because if you’re saving a lot of papers, then you can’t find the things you need,” Barthlow says.

With this streamlined approach, she says, “I could get out of my house in an hour or less and know where all the key documents are.”

January can be the ideal time to take on that challenge, says Paul Golden, spokesperson for the National Endowment for Financial Education, a nonprofit that promotes financial education and well-being. “The new year can be a good time to get preparatory work done. It’s the time of year when people are taking stock, cleaning up documents and resolving to be better in every way.”


During an emergency, it can be easy to miss a bill or credit card payment, which can hurt your credit, Golden warns.

“If you foresee a disruption in on-time payments with creditors, contact each one and let them know of your situation. Maybe ask for an extension,” he suggests.

In cases of widespread disruptions, like the COVID-19 pandemic or power outages, companies may offer adjusted payment plans to those impacted, but you may have to ask or opt into it.

Fraudsters also frequently target victims of natural disasters, so be on guard. “Be on heightened alert with emails sent to you or phone calls and check who you are talking to before sharing any account information,” Golden says.

If you get a phone call from someone claiming to be your insurance company or financial institution, he suggests hanging up and calling customer service to confirm you are in fact speaking with them.


Once the emergency passes, it’s time to pick up the pieces: File any insurance claims, rebuild spent emergency savings and replace used up supplies. Golden suggests taking detailed notes of all customer service interactions to make it easier to follow up and track reimbursements. The website provides information on local recovery efforts, and can connect you to community resources like food banks.

Surviving an emergency can inspire you to get ready for the next one. Experiencing Hurricane Ike in 2008 is what motivated Carr, who lived in Houston at the time, to focus more on preparedness.

Carr says everyone should review their emergency supplies at least once a year. “It should be a regular part of life, like having car insurance. An emergency will inevitably happen, and most people are unprepared because they didn’t think about it.”

This column was provided to The Associated Press by the personal finance website NerdWallet. The content is for educational and informational purposes and does not constitute investment advice.


Kimberly Palmer is a personal finance expert at NerdWallet and author of “Smart Mom, Rich Mom.” Email: Twitter: @KimberlyPalmer.


NerdWallet: Emergency fund: What it is and why it matters

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Kimberly Palmer: How to prepare for your next emergency