How to prepare your finances before a natural disaster

In this week's "Money it's Personal", KSAT12's Ivan Herrera tells you how to prepare your finances before a natural disaster.

SAN ANTONIO – Financial readiness is critical before any potential natural disaster to ensure your hard-earned money, important documents and possessions are protected.

The Federal Trade Commission is offering the following tips to help you prepare.

First, make a list of your possessions and documents by taking pictures or videos of them. Your household inventory could help you with insurance claims later.

You’ll also want to take advantage of the technology tools at your disposal. You can use online bill pay, virtual safe deposit boxes and cloud storage options. This could make it easier to recover your records and update them.

If you have some documents that can’t be stored virtually, consider purchasing a lockable, fireproof file box to keep them secure.

You can also rent a safe deposit box at your local bank. Some banks may offer virtual safe deposit boxes to store your photos, videos and documents, including your household inventory.

Finally, remember to update the list of your possessions and personal information at least once a year.

For more personal finance stories from KSAT’s “Money: It’s Personal” series, click here.

About the Author:

Ivan Herrera has worked as a journalist in San Antonio since 2016. His work for KSAT 12 and includes covering breaking news of the day, as well as producing Q&As and content for the "South Texas Pride" and "KSAT Money" series.