This sounds like a simple question, but let’s give it a little thought. Prepare for the unexpected, obviously, but recognize that (unless you’re extremely wealthy) you have limited time and resources to apply towards your preparedness plan. Don’t focus on “end of the world”, “collapse of civilization”, “Armageddon” type scenarios. Focus on unexpected events that are likely to happen. Some examples:
Natural Disasters
- Hurricanes
- Earthquakes
- Tornadoes
- Floods
Civil Emergencies
- Power outages
- Water/sewer/natural gas disruptions
- Fuel shortages
- Supply disruptions leading to empty stores
- Infectious disease epidemic
Everyday challenges
- Automobile breakdown or flat tire
- Household problem - faulty furnace, leaking roof, fire
- Illness or injury
Financial problems
- Job loss
- Financial loss in retirement funds
- Theft/fraud