Do this today : back up your financial data

Posted by Tad Johnson - Apr 30th, 2008 at 20:04

You have strong passwords on all your financial accounts. (Right?)

You have an emergency cash account that you could access in an emergency. (Right?)

You have car insurance and/or renter’s insurance. (Right?)

But, do you have copies of your important financial data? Sure you can access everything online, but it’s a whole lot easier to consolidate everything in one place. Take ten minutes out of your day tomorrow and do this:

  • Make scans of all the cards in your wallet (front and back). Store it as a .pdf or .jpg somewhere secure (like in your gmail account).
  • Write down all your important contacts & account numbers for your banking/investment accounts. Store it securely online.
  • Get $100 from the ATM and hide it somewhere in your house (hey, you never know).

With these three simple steps, you’re preparing for the worst possible situation. Hopefully, you’ll never have to access your “backups” but if you ever do, you’ll thank yourself big time.

4 Comments »

RSS feed for comments on this post. TrackBack URI

  1. Tad, great advice. I like your suggestion on electronic copies, as those are safe in a physical emergencies, like floods and fires.

    I would add one more suggestion for younger people: talk to your parents about their financial information and ask if they have all their financial information backed up. We don’t like to think about it, but we might need to help them in a medical or physical emergency.

    Comment by Presh — May 1, 2008 #

  2. […] In response to backing up your finances, Presh wrote : “I would add one more suggestion for younger people: talk to your parents […]

    Pingback by thevicenarian.com » Meta Post : 5 great comments — May 17, 2008 #

  3. woqx04dtdomvb357

    Comment by Daphne Hubbard — November 12, 2008 #

  4. of The Advantages The Advantages email

    Comment by disadvantages Advantages The — December 18, 2008 #

Leave a comment

XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Powered by WordPress with GimpStyle Theme design by Horacio Bella.
Entries and comments feeds. Valid XHTML and CSS.