How to Prepare for Unexpected Events
In the US, hundreds of people die falling out of bed every year. Jellyfish stings and displaced vending machines are also causes of death. No matter how optimistic you are about your health and life, tragic and unexpected events occur all the time.
You cannot stop these unexpected events, but there are reasonable things you can do to prepare for them. That way, you’ll have tried your best to stay safe and protect your family at the same time.
Here are some things you can do to make sure your bases are covered during unpredictable events.
Save an Emergency Fund
How’s work going? You might love your job and think it’s unlikely that your bosses would ever lay you off. But it doesn’t matter how much they like you if they no longer have the money to pay you.
You or your family might suffer a medical emergency or there might be a freak weather accident that tears your house down. Regardless, you should save an emergency fund or nest egg so you’re not broke due to unexpected events. Three to six months’ worth of expenses is ideal.
Build First Aid and Emergency Kits
You might not expect to get into a medical emergency, but they can happen to anyone. You should pack a first aid or emergency kit in the following places:
- Kitchen cupboard
- Car truck
- Office drawer
- Portable one to carry around
What you should have in your emergency kits will depend. You can’t take a huge portable first aid kit on vacation with you, but you should have a full-sized emergency kit in your trunk. Car accidents are all too common so you should know what info is needed in the event of one.
Make a Last Will and Testament
Organizing a Will is never fun, but it’s necessary. And once it’s done, you’ll feel like a weight is off your shoulders.
Sit down with your spouse (if you have one) and divide up your estate and assets among your family and friends. You can either create a Will online or visit a lawyer. Don’t forget to include computer passwords and instructions for your funeral service.
Consider All Types of Insurance
There are many types of insurance out there and many of those types will be irrelevant to your situation. But there are some that will, so here are some examples:
- Health insurance
- Life insurance
- Liability insurance
- Vehicle insurance
- Home or renters insurance
- Gadget insurance
- Travel insurance
Like an emergency fund, insurance offers financial protection against events you cannot foresee.
That’s How To Expect Unexpected Events (Or Prepare for Them At Least)
There is only so much pre-planning you can do for unexpected events. Though it might seem safer, you can’t camp out in an underground bunker for the rest of your life. But if you take reasonable measures to protect yourself and your family, you can go through life with a lot less stress.
Preparing your estate, wills, and taking out life insurance takes a lot of time and paperwork. To get your head around these legal documents, browse our website for articles packed with expert advice!