Murphy’s Law: Don’t Let It Derail You in 2022

Murphy’s Law, the basic principle behind an age-old truth, is based in reality: “If anything can go wrong, it will.” That phrase, formerly known as Sod’s Law, has been around since before written history when a “sod” referred to any poor soul.

 “If anything can go wrong . . . it will.” Of course, you know what that means. It rains on the day of the big picnic, for example. Right after you stock your freezer, the electricity is taken out by a wind storm. Your car won’t start the morning you’re ready to leave on your long-awaited vacation. You get sick on holidays.  

There won’t be many exceptions to Murphy’s Law in 2022. In fact, the odds of something bad happening at any given time have increased, along with the complexity of our world. We’re surrounded by complex electronic devices, smart cars, robots and other unbelievably brainy machines and systems; and we all know that the more complicated the latest technology, the more likely it is to falter or fail.

Consequently, your chances of dealing with Murphy’s Law increase every year. That means that in 2022, most of us will need to be ready for anything that could go wrong. From computer printers that won’t print to cars that alert us to engine problems and report them on dashboard screens, there’s no escaping the effects of Murphy’s Law.

murphy's law

Problems are less pesky for those who are prepared

To get ready to handle the inevitable results of Murphy’s Law gracefully, it’s important to have a “rainy day” fund ready and waiting. That means routinely transferring a little money from your checking account to your savings account, easily done electronically. If you don’t do computer banking, go to your brick-and-mortar bank soon after every pay day to deposit a few bucks to be reserved for Murphy’s Law.

If you set aside $10 a week for 52 weeks, you’ll have $520 by the end of the year. Raise that amount to $100 a month and your rainy-day fund will add up $1,200 every year. Considering the price of a new transmission, or repairing a leak in the roof, that doesn’t sound like much. But if you invest some of your savings in reliable, dividend-paying stocks or mutual funds, you can accumulate much more. The first step is to get started setting aside something. Once you see how your savings grow, you’ll be hooked.

You’ll want to sock away as much as you can to meet emergencies head-on.

The moral to this story? Setting money aside for unexpected expenses may seem impossible — but saving small amounts regularly can be achieved by anyone. Being prepared with an emergency fund is the best way to maintain your power over Murphy’s Law!