Good Investments
that are Right for You

Preparing for Emergencies: It’s More Than Money

Parents explaining to their children how to use the radio while preparing emergency backpacks

You may have heard the expression “opportunities don’t schedule appointments.” When we talk to people about an emergency strategy, we see it as an opportunity to prepare for the many twists and turns life can take.

From creating an emergency fund to paying for unexpected expenses–to creating an emergency plan that includes food, water, and medical supplies—each of us has the opportunity to prepare before something happens.

“Hopefully you get the point that you must be prepared for emergencies,” wrote Mick Owens in his popular book Diamond of Life, The Five P’s of Success and Significance. “Store up God’s Word in your heart! Emergencies tend to happen.”

Take this short quiz and see if you know what it takes to be prepared for the unexpected.

Preparing for Emergencies

1 / 5

Typically, an emergency fund should be big enough to cover how many months’ worth of living expenses to help cushion the blow in the event of financial setback?1

2 / 5

The American Red Cross and the Federal Emergency Management Association issues guidelines for replacement of common emergency foods. What food item DOES NOT have to be replaced after six months?2

3 / 5

Which food items can be stored indefinitely?2

4 / 5

There are a variety of ways to purify water in the event of an emergency. Which are some of the most popular?3

5 / 5

Guidelines vary on how many days of prescription medications should be included in your emergency kit. Some encourage as much as two weeks, while others suggest only 2–3 days. But once you place a prescription in your emergency kit, you no longer need to worry about when it expires.4

Your score is

The average score is 66%

0%

Answer key

  1. C
  2. D
  3. C
  4. D
  5. B

 

4–5 Correct: You’re ready for whatever the world throws at you!

2–3 Correct: You’re almost ready for whatever the world throws at you!

0–1 Correct: You may want to brush up on your survival skills.

  1. FINRA.org, March 18, 2025
  2. RedCross.org, 2025
  3. EPA.gov, 2025
  4. CDC.gov, September 11, 2024

Other Recent Articles

HSA vs. 401(k): Which is Better?

Deciding whether to invest in a Health Savings Account (HSA) versus a 401(k) is a more complicated decision than many people think.

Everplans for All of Your Plans

It may be time to consider getting better organized with Everplans.

The Emotional Toll of Identity Theft

In less time than it will take to read this sentence, someone in the US will become a victim of identity theft.

Other Articles Related to: ,

The Emotional Toll of Identity Theft

In less time than it will take to read this sentence, someone in the US will become a victim of identity theft.

Why “Adjusted for Inflation” Is So Important

When something is adjusted for inflation, it means that its value will be modified to reflect its real power by removing the effect of rising prices. If something is not adjusted for inflation, then the value will remain fixed until lawmakers revisit the idea again.

The Many Ways to Measure Inflation

It’s a little dizzying how many ways we estimate inflation in the US.