The reasons why everyone should have an emergency fund, as well as tips on how building your emergency fund.

It is important to be well prepared at all times and given this tough economic climate, which shows no signs of improving, there is an even greater need. Financial security offers less stress and enables you to enjoy life without having to worry about how to pay the next bill or how to find some additional money should the unexpected occur.

Every home should have an Emergency Contact Information List of important information posted somewhere in plain sight. You can save a lot of time, stress, and perhaps even the lives of family members, by having this list visible at the time of an emergency.

Here is some basic information you probably want to include in your Emergency Contact Information List (not necessarily in this order, though this can be used as a general guideline):

Any business, both big and small, should have a disaster recovery plan in place. While you cannot prevent mishaps from arising with 100 percent certainty, you can prevent catastrophic financial loss by implementing a strategic emergency plan. A United Stated Department of Labor study shows that 40 percent of businesses who experience a disaster are never able to reopen. Take the vital steps now to prevent becoming part of this statistic.