Every life is faced with challenges. From small mundane challenges like missing your bus, to world-changing issues like being convicted wrongly for a crime. It is a mistake to assume these challenges will never happen to you. By instead preparing for the worst-case scenario you can have all the resources and knowledge on hand to help you stay calm, cool, and collected throughout the most emotional aspects. Don’t let your fear cause you to self-incriminate yourself, or lead you to make bad decisions. Instead, follow this guide so that you are always prepared for the worst-case scenario well in advance.
Save Up an Emergency Fund
An emergency fund can help you stay afloat in the worst of times, and is essential for covering the costs of a wide variety of scenarios. Need an emergency plumber to come in and fix a flood? Easy. Need to hire a lawyer to get charges dropped before the media can come in and ruin your reputation? You have the money for that.
1. How to Save
When you don’t have an emergency fund you must prioritize saving for it immediately. Put away a percentage of your paycheck into a savings account right from the start. Yes, you will feel the pinch, but don’t stop until you can afford to keep up with all your costs for at least three months without an income.
2. How Much You Need
A general rule of thumb is that you should have enough saved to support yourself if you were to lose your job for at least three months, though ideal this number should be six. Costs like hiring a lawyer can go much higher, but having this base amount in savings can help you pay off a personal loan too.
Know Where to Turn to For Every Emergency
Another way you can prepare for every worst-case scenario is to know who to turn to in emergencies. For example, knowing which doctors or hospitals are covered by your health insurance, or what lawyers to turn to in case of different criminal charges.
Who Are Your Local Specialists?
You should know who to turn to if charged with a variety of crimes. Having a few lawyers on hand can help you make that first call that will help clear up all the misunderstandings. This means knowing the suitable criminal lawyers Charleston can offer as well as who to turn to for fraud charges or even financial misconduct.
How Much Do Their Services Cost?
Knowing how much it would cost to hire these local specialists can help you save up for them in case of emergency. Say your child has a certain disease or disability – knowing you can afford to pay the premiums if you need to in advance can make going to the best of the best the easiest decision in the world.
Being well prepared is not illegal, it is smart. By having the funds, the know-how, and a series of professionals on hand to turn to, you will be able to tackle any event that comes your way.
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