The Norman Transcript

Business

May 26, 2013

Don’t let your finances blow away

NORMAN — You know the drill. When spring rolls around, get ready for the thunderstorms. Listen for the tornado sirens.  Glue yourself in front of the television watching hours and hours of storm damage coverage.

Have you gotten your records in order?  If you still haven’t gotten around to it, now is a good time to start.  Here are a few tips to get you financially prepared for this spring’s storm season:

Tip No. 1 — Get an insurance checkup

Round up all your insurance policies.  Are they all up-to-date or did you forget to increase your homeowners coverage because of that extra room you added on?  Do you have the right amount of coverage?  Make sure you know how much your deductibles are because these are the amounts you will have to pay out-of-pocket before your insurance kicks in.

Tip No. 2 — Update beneficiaries

It may have been a while since you last updated the beneficiaries on your insurance policies, retirement plans, and investment and bank accounts.  Your family may have grown or you may have gotten remarried.  Do you really want your ex to be the primary beneficiary on your life insurance policy?

Tip No. 3 — Take inventory of your safe deposit box or home safe

Now where did you put that key to your safe deposit box?  Find it and then go to the bank and inventory everything you have in there.  Is there anything you need to add?  Are there any original documents you may want to make a copy of to keep with you at home?

Tip No. 4 — Create a financial “grab and go” kit

In case you need to evacuate or go to a shelter, you want to be able to grab your essential documents in a hurry.  This will make it easier to file an insurance claim afterwards.  Your kit should include:

Text Only | Photo Reprints
Business
  • Chamber Banquet During annual banquet, Chamber of Commerce promotes moving Norman forward

    Amidst the backdrop of music, dancing, dinner and fellowship, business leader Mike Fowler announced that the time for a quality-of-life initiative in Norman has come. As incoming Norman Chamber of Commerce board chairman, Fowler and ...

    April 18, 2014 1 Photo

  • Women leaders announced

    The Norman Chamber announced the nominees for the 2014 Women’s Leadership Award, which honors female leaders who actively inspire other women to achieve their full potential.  Past recipients of this honor, formerly known as the ATHENA ...

    April 17, 2014

  • Norman use tax takes a hit while Moore sales tax flounders

    Norman use tax took a hit this month while Moore’s sales tax floundered for the first time since sales picked up in the post-tornado recovery period. For the city of Norman, however, sales tax collections are a bright spot on the revenue ...

    April 13, 2014

  • Nextep moves back to Dillard Building, but this time with much larger presence

    In 1997, entrepreneur Brian Fayak was just getting Nextep Inc., a professional employer service, started. Fayak had been working out of his sister’s house in west Norman and was delighted when the opportunity came to rent an executive ...

    April 13, 2014

  • Spotlight

    Chiropractic award Megan Borne, a chiropractic assistant at Sparks Clinic of Chiropractic in Norman, was recently awarded the title of C.A. counselor with the Pinnacle Chiropractic Management Group. She will assist other chiropractic ...

    April 13, 2014

  • Primrose presents Leadership class grads

    On Tuesday, the Norman Chamber of Commerce graduated both Leadership Norman and Tomorrow’s Leaders. Over the past several months, participants attended interactive sessions covering a variety of topics including communication, education, ...

    April 13, 2014

  • Business and restaurant survey online now

    The city of Norman is seeking input from its residents about retail shopping and restaurant opportunities that they would like to see locate to Norman. On Thursday, the city published a link to an online retail and restaurant survey on ...

    April 13, 2014

  • Norman Nation

    In 1964, when my father was a University of Oklahoma student, he and my mother were in desperation car shopping mode because their vehicle had just died. As the story has been told for nearly 50 years, the Ford dealership had not opened ...

    April 13, 2014

  • Spring cleaning: Time to change passwords again

    Are you in the habit of regularly changing the passwords for your online accounts? You should be — changing passwords regularly is a required part of every wise Internet user’s safety routine....

    April 13, 2014

  • Regional partnerships build prosperity

    Job creators shop for sites, regional marketing professionals told Norman’s Economic Development Advisory Board on Thursday. That makes selling the central Oklahoma region with its diversity of site options and amenities a business savvy ...

    April 6, 2014