There is more to being a prepper than stockpiling food, water, and weapons. Sure, having plenty of survival food and a well-stocked bug out bag is essential for every survivalist. But that’s only half of the equation. Being truly prepared also means that you have prepared for another kind of disaster: economic collapse.
12 Tips for Surviving Economic Collapse
Most people think that money will lose its value when SHTF. They may be right, but then again, they may not.
No one can really say what the future will be like when the unthinkable happens. But if there’s one thing we know as preppers, it’s that we should always hope for the best but plan for the worst.
Planning for economic collapse is a different type of disaster preparedness, but it is no less important. Here are a few ways you can set aside resources and prepare for the unthinkable disaster of economic collapse.
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12 Simple Things You Can Start Doing Right Now To Prepare For The Coming Economic Apocalypse
It is becoming increasingly apparent that the U.S. economy is heading for complete and total disaster. State and local governments across the nation are uncontrollably bleeding red ink. The federal government has accumulated the largest debt in world history. Every year we buy hundreds of billions of dollars more from the rest of the world than they buy from us.
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That means that we are getting hundreds of billions of dollars poorer as a nation every single year. Meanwhile, thousands of factories and millions of jobs continue to be sent overseas as American cities turn into post-industrial wastelands. Incomes are down, unemployment remains at depressingly high levels and very few of our politicians seem to have any idea how to fix things. Yes, things are really, really bad. So what are some things that we can all be doing to prepare for the coming financial apocalypse?
Well, the truth is that we all need to start becoming less dependent on “the system”. If the economy does completely fall apart at some point, your employer is probably not going to take care of you. Neither is the federal government – just look at what happened in New Orleans after Hurricane Katrina. In the end, you are going to have to take care of yourself and your family.
So are you ready?
Now is the time to prepare. If you wait until things totally fall apart it will be far too late.
The following are 12 simple things that you can start doing right now to prepare for the coming financial apocalypse….
Preparing for economic collapse doesn’t mean you have to go without now, so don’t sacrifice your kids’ college fund for the sake of financial preparedness.
The amount you set aside will depend on your needs and how much your family is capable of saving. Being financially ready for economic collapse isn’t about setting aside all of your money. It’s about watching your spending now, managing your bills and watching your accounts closely to cut out unnecessary spending here and there. In the end, these small habit changes will make all the difference.
When disaster strikes you must also be able to access your funds and records, giving you a chance to recover quickly and be informed of your credit.
Ultimately, you want to avoid the problems that will be faced by those who fail to prepare. You’re going to need money not only for your family’s basic necessities, but also for repairs in case your house is damaged.
Bear in mind that your financial records like passbooks, checkbooks and even your credit cards must be included in your list of important documents. They have to be stored in a vault or another place that’s safe and secure. In the event of economic collapse, money and financial records will be in high demand, and identity theft will run rampant. Learn how to protect yourself now to avoid these problems in the future.