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Financial
Disaster Preparation
Have you ever wondered
what skills you might want or need in an economic crisis?
Do you have a financial plan for your family if we were
ever to have a financial depression? There are several methods
to procure goods and provide for the needs of our families.
Preppers try to research and develop more than one strategy
for doing anything, that includes emergency financial planning.
Below are some essentials for an emergency financial plan. |
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1.
CASH
A friend in Geraldine was gutted when he could not buy groceries
during an event which meant electronic cash systems were
out of action. If he a bit of cash stashed away he would
have been ok. Add a mix of small notes & large notes
to your bug out bag or fire safe. The small notes are for
small purchases. Many believe that people will overpay for
items in emergency situations because of shortages and extortion. |
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2.
ONE YEAR'S SUPPLY OF EMERGENCY SUPPLIES
Having food, water, warmth, first aid, and hygiene supplies
means that you won’t have to worry about paying or
bartering for items. Create a plan and calculate the number
of supplies to get you through a year. |
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3.
GOLD SILVER AND COPPER
If the dollar collapses it is very likely that gold, silver,
and copper will be the next currency. There are affordable
ways to stock up on these commodities. In the nonfiction
book: The Modern Survival Manual: Surviving the Economic
Collapse of Argentina the author was asked what he wished
he would have done to prepare, he said, I wish I would have
had a stash of men’s silver wedding bands to barter
with. Add a few silver coins to your emergency stash every
year. |
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4.
GOODS TO BARTER WITH
Goods such as food, soap, fire starters, will always be
in demand. If money loses its value items such as these
will be useful for trading for others things you’ll
unexpectedly need. Start developing your barter network
now. My neighbour barters apples from her tree for vegetables
from our garden. Think of which commodities you want to
stock-up on for bartering purposes |
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5.
DEVELOPE YOUR BARTERING SKILLS
Consider developing a skill that is of value in a bartering
economy. It’s the safest of all of the 5 Essentials
for an Emergency Financial Plan. All the others can be stolen
or lost in a crisis. Skills you’ll always have, whereas,
goods you can run out of. My uncle bartered his handyman
skill regularly. He had a seasonal job at a meat workswhich
meant that he was laid-off a couple of months each year.
When he was laid-off, he would take whatever work he could
find, even if the payment for his work was in goods rather
than cash. |
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