Contingency Plans: Why You Need One to Make Room for the Unexpected
A contingency plan is a prepared set of actions you can take if something unexpected happens.
Think of it as a plan for a "what if" scenario for turbulent live events, like a shift in your finances or health. Most people go through life without a plan B, without seeing the need for planning for the unexpected.
These five steps will help you create good contingency plans, so you aren’t caught unaware.