16. When I read posts like yours I just try to remind myself that I should be doing a better job myself
in saving money and becoming more knowledgeable about my options if something did happen to my income. I think a lot of people - including me - fall into a trap of planning with our current incomes in mind without thinking about what would happen if that income were cut in half or more. My parents were much better at long-term planning I think.
I did sell my 4-bedroom 2-bath house and moved into half as much house for almost half as much mortgage so I have more flexibility now in case something bad happens, but I still tend to spend my entire salary -- for repairs on my 1920 house -- or donations to good causes.
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