Financial emergencies.

Does your plan have a section that applies to financial emergencies?

No one wants to think that they would let themselves be financial unstable.  However, the markets could potentially do it for you.  What would you do if; tomorrow you woke up and the USDollar was worth half of its worth from the day before.

It would be a good idea to have an idea, and plan, for dealing with this type of an event.

Define an emergency

An emergency varies from person to person.  A disaster generally will create emergencies for a large number of people.

The first part of emergency planning is defining what an emergency is for you.  By coming up with a list of emergencies, you will be able to start planning for these events.

Disaster should also be part of the plan.  However,  plan for disasters that are likely to occur where you live.