2. Pre-plan your health expenditure

We are all aware of the fact that health issues are difficult to predict, especially in the elderly folk. Even in you are a fairly able-bodied and healthy individual, you need to plan for the unfortunate circumstance of a catastrophic illness. Make sure you have a health insurance cover that caters for mid-term disability and long-term care, for both you and your partner. That way, you are secure against sudden health-related expenditures which would otherwise strain your finances heavily.