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FINANCIAL
DISASTER PREPARATION
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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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