This Element is an excerpt from Living Rich by Spending Smart: How to Get More of What You Really Want by Gregory Karp, available in print and digital formats.
Here's how to prepare financially for what might happen - so you won't be blindsided if it does. You can take a number of easy steps to get some aspects of your financial life in order. But for others, all you can do is be well prepared for these eventualities if and when they occur. Spending smart means being aware and exploring your choices in advance.