Tag: contingency plan
Murphy’s Law
Adage: Murphy’s Law Murphy’s Law is a popular adage that states, “Anything that can go wrong will go wrong.” This principle suggests that if something has the potential for failure, it is likely to happen, particularly at the most inconvenient moment. The phrase originated in the 1940s and has since become a common way to…
Contingency plan
WotD: Contingency plan Nothing stays the same. The world is in a constant state of flux. That’s why having a contingency plan for every possible situation is a good idea. This year, we lost power for three days due to the most powerful typhoon to hit Japan in 25 years. Luckily my wife and I had a gas…
Rainy day fund
Word of the Day: Rainy day fund Any financial expert will tell you that it is a good idea to have a rainy day fund to deal with unforeseen circumstances. A rainy day fund is a reserved amount of savings a person can access when things are not going well, or unforeseen circumstances arise. For…
Behind the eight ball
English Idiom: Behind the eight ball When you’re behind the eight ball, you are at a disadvantage or weak position. Most people pay their rent or mortgage once a month. Sometimes, unexpected emergencies come up that can put us behind the eight ball very quickly if we do not have a contingency plan. What would…
