terrorist attack left Americans feeling very vulnerable
to loss of life and precious possessions. Many questions
have been asked as to whether the economy will fall
apart or the great depression set in. The most important
thing to remember is DON'T PANIC.
the World Trade Center played major roles in the distribution
of goods and services worldwide, other major financial
institutions remain intact and functioning. In addition
the Federal Reserve has been poised for just this kind
of disaster and is putting billions of dollars back
into the economy. Banks will be granted funds to keep
the flow of business, goods and services moving. Oil
prices have been locked to prevent rising prices. The
Feds are prepared to lower interest rates again when
needed. So there is reason for optimism of economic
recovery from Tuesdays grim reports. Still when disaster
strikes what can you do to protect your family and assets?
family meeting to review survival procedures and communication
protocols. Provide family with written phone numbers
and address of primary contacts and alternative care
providers in case of separation. Instruct them to keep
I.D. on their person at all times. Parents always ascertain
where children and older relatives are, where they are
going, and when to expect them back. When evacuating
the home take head counts regularly. Establish a place
to meet if they cannot reach their home.
Recovery at Home
of gas and unneeded utilities
sweeping powdered glass.
glass with tarp, plywood or any other protective material.
items off high shelf levels.
water heater to floor or low walls
flammables from living area
clean drinking water as soon as possible
computers and televisions to tables and desk.
drawers and cabinets closed
plastic bags handy in case of evacuation
absorbent materials handy in case of leaks
each family member items to take in case of evacuation
wash cloths, toiletries, clothes, water, food, flash
lights, portable radio and batteries, tools, medicine,
vital documents and files.
a place to meet.
Records and Documents
documents and files to a more secure storage space
book and bank statements
of Attorney documents
birth, education, satisfaction, course study, etc.
Issues and Communications
strikes the most important thing to remember is DON'T
that appear grim can be overcome with a little forethought
important to allow adequate time for mailings to reach
its destiny. Make advance payments where possible. Use
phone payment methods and electronic transfer of payments.
Pay bill online where possible. Remember to contact
your creditors immediately to set up payment arrangements.
carrier transportation is restricted let creditors know
this as soon as possible.
of grace periods where possible.
For more information on what consumers in the financial
industry are doing go to Mortgage Loan Search
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