Would You Be Prepared For A Second Pandemic?

 

Image by Alexas_Fotos from Pixabay 

The Coronavirus pandemic has taught us many things, and one of the biggest things is that you need to be prepared for anything. You never know what is around the corner; however, you could still prepare for it. But how?

Walk Yourself Through It

Okay, now that we have experienced a global pandemic, you can pretty much imagine any scenario and how it might affect you and your life. While it’s not nice to think negatively, it is a good idea to think realistically, and if you have a plan in place should a pandemic happen again, then you’ll be able to cope with it far better. Try to think about what else might happen and what you would do about it. What would you need if you were going through an illness, personal tragedy, or a natural disaster? Think about what you would need personally and professionally. What help would you need for yourself and your team family to get out of the situation in the best way possible?

Physically Have The Right Equipment

Do you live somewhere susceptible to flooding, storms, earthquakes, hurricanes, or tornadoes? If you do, then it is wise to plan for this with the right insurance and equipment such as hurricane doors or flood barriers as well as a first-aid kit and a small supply of food and water.


Start an Emergency Fund

As we have seen, many people have lost their jobs during the Coronavirus pandemic, and even those who have been furloughed may still be struggling with a lower income than they are used to. If you can, start saving for emergencies now. Ideally, you want your fund to cover 3-6 months of living expenses. If you are single, or you are a single-income family, you may want to consider building an emergency fund of up to a year, which will provide security for you and your family should you lose your job and have a hard time finding another one, or suffer an unexpected illness or gap in your earnings.

It is nice to know you have the money there while you are dealing with other issues such as job loss or illness, and is just one less thing to worry about.

Do You Have The Right Insurance?

It is important that you have the right insurance to cover these eventualities, and also life insurance is something you should seriously consider if you have a family. This should provide enough money for your family to pay off any debt and live on if you sadly pass away. If you have children, you should get enough that it can help cover the cost of their education. Depending on your circumstances, of course, but if your partner doesn’t work or doesn’t earn enough and they will also have to deal with the loss as well as other things, so will need time off work. You and they need to know that they are cared for and make the whole thing as smooth as possible. Make sure you have adequate health insurance and renters or home insurance coverage. While this adds to your bills and monthly budget, it will save you in the long run. Remember that accidents do happen, and sadly the following costs can add up very quickly, which could leave you in debt.

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