http://mindyourdecisions.com/blog/2008/08/07/improve-savings-by-planning-for-failure/ Articles on game theory and personal finance Thu, 29 Jul 2010 12:43:59 -0500 hourly 1 http://wordpress.org/?v=3.0 http://mindyourdecisions.com/blog/2008/08/07/improve-savings-by-planning-for-failure/comment-page-1/#comment-2293 Carnival of Money Stories #72: Back To School Edition — Broke Grad Student Tue, 12 Aug 2008 11:02:36 +0000 http://mindyourdecisions.com/blog/?p=431#comment-2293 [...] Improve Savings by Planning for Failure? at Mind Your Decisions. [...] [...] Improve Savings by Planning for Failure? at Mind Your Decisions. [...]

]]> http://mindyourdecisions.com/blog/2008/08/07/improve-savings-by-planning-for-failure/comment-page-1/#comment-2270 Presh Talwalkar Fri, 08 Aug 2008 20:20:24 +0000 http://mindyourdecisions.com/blog/?p=431#comment-2270 <b><em>Christina</b></em>: This is a very important point: a backup plan is a practical way to incorporate failure into many situations. Things like emergency funds and emergency safety kits for natural disasters are crucial financially. Christina: This is a very important point: a backup plan is a practical way to incorporate failure into many situations. Things like emergency funds and emergency safety kits for natural disasters are crucial financially.

]]> http://mindyourdecisions.com/blog/2008/08/07/improve-savings-by-planning-for-failure/comment-page-1/#comment-2265 Christina Fri, 08 Aug 2008 04:29:31 +0000 http://mindyourdecisions.com/blog/?p=431#comment-2265 Planning for failure is something you should do in so many things, not just financial... as a teacher I've learned it's absolutely necessary to always have a backup plan, whether it's a financial situation or otherwise. I had so many lessons in student teaching not go the way I originally planned, or missing vital materials (such as videos that didn't work, or worksheets that didn't copy). Backup plans, in those cases, prevented my classrooms from falling apart into utter chaos. (except for one or two times when I didn't have backup plans, which were the times that taught me quickly that they were necessary. *grin*) Anyway...I know that's sort of a tangent, but just wanted to mention that plans for failure are necessary in a lot of aspects of life! Planning for failure is something you should do in so many things, not just financial… as a teacher I’ve learned it’s absolutely necessary to always have a backup plan, whether it’s a financial situation or otherwise. I had so many lessons in student teaching not go the way I originally planned, or missing vital materials (such as videos that didn’t work, or worksheets that didn’t copy). Backup plans, in those cases, prevented my classrooms from falling apart into utter chaos. (except for one or two times when I didn’t have backup plans, which were the times that taught me quickly that they were necessary. *grin*) Anyway…I know that’s sort of a tangent, but just wanted to mention that plans for failure are necessary in a lot of aspects of life!

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