Benjamin Franklin got it right when he said: “By failing to prepare, you are preparing to fail.”
This especially rings true when it comes to finances. A natural disaster, sudden sickness, even a positive occurrence such as a child getting accepted to college – all these life events can quickly deplete a person’s bank account.
And though many crises are improbable for many people, they are not impossible.
While many parts of the future are unknown, it is always best to be proactive for when the unexpected happens.
Here are three steps you can take now to prepare for what may or may not be coming down the road.