If you are under-prepared, a single mistake can derail your success in an instant. This is why Finally Family Homes chose knowing how to prepare for the unexpected as the 2nd of our top 10 keys to success in life.
And yes, I know that “preparing for the unexpected” is a bit of an oxymoron. What this means is to examine your plans and routines for points of failure and to prepare back up plans to help you stay on track. Below are a few potential pitfalls and inspiring quotes to keep in mind as you prepare for the potential derailments in life.
“All things are ready, if our mind be so.”William Shakespeare, Henry V
How Do You Prepare for an Unexpected Event?
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Unexpected or less commonplace events can still be anticipated if you do your research. Do you get earthquakes, floods, hurricanes, blizzards, or tornadoes?
Knowing the people, politics, and even potential legal ramifications of an unexpected event can help you create a good plan to overcome any barriers. Reach out to those around you and find out what disasters they’ve faced and learn how they overcame them (or didn’t).
Know Your Physical Environment
One of the first important points to investigate for potential problems is your environment. Know where you live and what your area is prone to.
Know the seasons and always have a plan in place ahead of time. Create unique plans for each situation. You’ll probably do things differently in a wildfire than a flood.
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Know Your Political Environment
Secondly, be aware for the political situation around you. The Bill and Melinda Gates Foundation spent years developing toilet technology to help combat the poor sanitation in rural regions that leads to 500,000 deaths a year.
This massive effort was derailed at its culmination by the US-China trade war. A derailment, that Bill Gates himself says he didn’t see coming.
Know Who to Call for Back Up
And the third major point of failure to prepare for is human. Say you are planning a wedding, what if the officiant gets sick? Are you planning an epic night out? What if your babysitter doesn’t show up?
People get mixed up, delayed, sick, or sometimes they just flake. If there’s a key person in your plans, make sure to have a backup.
“Opportunity does not waste time with those who are unprepared.”Idowu Koyenikan, Wealth for All: Living a Life of Success at the Edge of Your Ability
How to Prepare for Unexpected Expenses
According to the National Law Center on Homelessness & Poverty, the top two causes of homelessness are lack of affordable housing and unemployment. Economies can swing and jobs can be lost. Additionally, rent can skyrocket, cars can crash, and so can the stock market. So what can you do to help prepare for unplanned expenses?
Live Below Your Means
When we lived in West Los Angeles, our rent doubled over the course of 8 years. In the last two years, it went up $1,000 a month. Because we were living below our means in the first place, we were able to (begrudgingly) handle it. There was no cheaper place in the area to move. Rent was skyrocketing all around us.
Living below your means, at its best means keeping your cost for the essentials (housing, transportation, utilities, etc) at a minimum. These fixed costs can be the hardest to adjust when the unexpected happens.
“An ounce of prevention is worth a pound of cure.”― Benjamin Franklin
Have an Emergency Fund
No matter how little you have, you can start saving now. Most experts recommend saving for at least three months of expenses. This money can float you through a job or housing transition.
Additionally, for natural disasters, it’s a good idea to have a bit of cash stashed away. When electricity is out, cash is king. Having at least $100 in smaller bills somewhere around the house is a good idea.
Most insurance is set up to help you in the event you face a catastrophic financial cost. Car wrecks and cancer can easily cost $100,000’s of dollars. Car insurance and health insurance are the two of most important to have.
Beyond that, it depends on how much you have. You may also need home-owners or renter’s insurance. You might consider life insurance, disability, or travel insurance. One of the most up and coming is Long Term Care Insurance, helping cover the costs of elderly parents when they need extra care.
“A prudent man sees danger and hides himself;Proverbs 22:3
but the simple pass on, and suffer for it.”
How Can I Prepare for an Emergency?
Preparing for an emergency means having things lined up ahead of time for when a likely emergency hits. If your car breaks down, who do you call? Do you even have a phone on you and charged? Do you have a spare tire & know how to use it?“A prudent man sees danger and hides himself; but the simple pass on, and suffer for it.” Proverbs 22:3 #prepared #unexpected Click To Tweet
Get Connected to Community
In our self-sufficient society one of the most overlooked factors in preparation is relational. If you get into an accident, who do you call? If you are at risk of becoming homeless, who might let you stay for a while?
This is what gets so many former foster youth in trouble. When you age out of foster care without any strong adult connections, you have no one to call on. So that’s how these youth end up in homelessness & human trafficking.
By building up a network or supportive community, you can have someone to run to if your water gets turned off. You can have them pick you up when your car breaks down. If your building crumbles in an Earthquake, they know to look for you.
Build an Emergency Food Supply
No matter where you live, there’s reason to be prepared with extra food – as well as water and basic first aid kits. Earthquakes, snowstorms, and pandemics all create situations where it’s hard to get out and around.
To help you out, we’ve put together a 2 week food supply list for a cost of about $100. Ideally, you should have about 3 weeks of food for everyone in your household. Most likely, you’ve already got at least one week’s worth of food when an emergency hits.
Emergency Preparedness Food Shopping List & Meals
Here’s a shopping list & meal idea for 2 weeks of food storage. The items were priced at ALDI. For your convenience, here’s the closest approximation of the list we could come up with on Amazon – items available on March 21, 2020.
Visit our Amazon Shopping List and help support former foster youth when you shop.
Make Sure You Have Access to Important Documents
When getting connected to the help you need in an emergency, having the right information can get you to the right help quicker. Your critical documents – such as social security, birth certificate, medical information, insurance, financial and legal documents, are important to have ready.
Not only do they need to be ready, but accessible, organized, and protected. You will need proof that you are who you say you are and have the insurance you say you have. Check out this post for more tips on how to organize important documents.
Final Thoughts on Preparing for the Unexpected
While we can’t prepare for every unexpected event, we can be read for the biggest and most probable ones by doing our research. It will probably feel unimportant during times when life is all going smoothly. But when trouble hits, you’ll be better set up to get through the difficulty and more likely to overcome it.
All this physical preparation can also be helpful in preparing you mentally and emotionally. If you’d like some encouragement on how to get through things Spiritually, check out my other blog’s post: Remember, God is in Control.
Find this helpful? You may also like other posts here:
How to Organize Important Documents
10 Keys to Success in Life