I am another one in the "prepper-lite" camp. My 2014 New Year's resolution was to get prepared for most common emergency scenarios by the end of the calendar year, and I have been slowly working on that.
IMHO the highest risks to me are earthquake, volcano, unemployment, fire, criminal activity (robbery/assault), or days of being snowed in and without power, and I am planning accordingly. In the back of my mind are the truly horrible black swan events, but I don't go out of my way to prep for them. The things I prepare for are not the zombie apocalypse, but things that can and do happen in my area and I can take precautions without going overboard.
I have a list of items I am working through and a budget category to get it done. My most recent acquisition was a home fire extinguisher in case of a kitchen fire. I look for things on sale or second-hand that are reasonable and practical. My neighbors are good people and I am confident we will treat each other well. However, I don't want to be left to the mercy and kindness of others to take care of myself and my family if necessary. My prepping is simply insurance for the unexpected and I give it the same budget priority that I do for other kinds of insurance.