Living without electricity means no banking, no water, no food, no vehicle gas, no security lights, no comm, and limited emergency service among others. Cooking over the wood stove without refrigerator food. We have had a couple of ice storms and a tornado in the past few years that have taken the electricity off line for up to a week. A general EMP(electric magnetic pulse) means no surrounding states or countries have any of these things either.
This is a good read: http://www.green-trust.org/freebooks/Preparedness.pdf on the topic of preparedness. Our family is up to where we need to be re firearms and ammo. We have installed a good little backup wood heat system and obtained an inexpensive DC-AC converter for temporary water circulation. Next is the most difficult for me and that is drinking water. I am not sure how to inexpensively solve this problem, but will continue with milk jugs until something better comes to me. Everything we do in this regard is done without spending much money, except for the firearms and ammo. But of course, without preparation for personal security nothing else will be of use.