By Tequila Mockingbird
Los Angeles, CA (The Hollywood Times) 2/1/25 – When disaster strikes, panic can make us do strange things—like stuffing our pockets with cash and running for the hills. But is that really the best financial move during a wildfire emergency? Let’s break it down.
Assess the Situation
First, how close is the fire? If you’re under an evacuation order, your priority is getting out safely, not hitting up an ATM. But having some cash on hand can be helpful for essentials like gas, food, and a place to stay. If the fire is miles away and unlikely to affect banking services, withdrawing large sums may be unnecessary (and risky).
Is Your Bank in the Danger Zone?
If your local branch is affected or closing temporarily, online banking is your best friend. Mobile apps, direct deposits, and digital payments can keep your financial life running smoothly—even if your physical bank is out of commission.
Emergency Funds Are Key
In an ideal world, you already have an emergency fund—separate from your main account—that can cover a few months of expenses. If not, now’s a good time to start thinking about financial preparedness.
Insurance: The Safety Net You Need
Review your homeowners or renters insurance policy ASAP. Does it cover wildfire damage? What about temporary housing costs? The time to check is before disaster hits, not after.
A Smart, Measured Approach
- Take stock of your situation: How close is the fire? Are you under evacuation orders?
- Check your funds: Do you have emergency cash or a backup plan if the bank is inaccessible?
- Call your bank: Find out what disaster protocols they have in place.
- Withdraw wisely: Take only what you need—walking around with large amounts of cash is risky.
Most Importantly—Stay Safe!
For real-time updates, check with:
- Local emergency management agencies
- The Red Cross
- Your bank’s website or customer service
In the face of disaster, financial stability is just as important as physical safety. Plan ahead, stay informed, and don’t let panic drain your wallet!