Financial Prepping 101

 

While it can’™t be foretold with absolute certainty what lies ahead of us on the other side of major catastrophe, one thing we can count on is eventual food and supply shortages, and very probably, cash shortages. When preparing for such a situation, you have a choice: Have severe frugality forced upon you, or prepare your family now by embracing moderate frugality today.

Living frugal today in preparation for a disaster later is probably the best financial advice for preppers. Not only will it enable you to invest additional resources into your family survival plan, it will greatly lessen the shock and smooth the transition into survival mode.

Frugal Prepping -The Practical way to go …

At a minimum, Frugal Prepping simply means living within your means so that you are able to build yourself a financial cushion. For beginning preppers, this is important to ensure that you can build sufficient emergency reserves of supplies and cash (cash on hand, not at the bank). In addition, you will want to gradually reduce your reliance on things that may not be available to you, such as utilities and fuel.

The more your family becomes accustomed to living with less, the better prepared they will be for survival mode. This doesn’t mean you need to give up all of the creature comforts of life today; it simply means rearranging priorities and applying some practical thrift tactics in your budget.

Thrift Shopping

If you haven’™t been to a thrift store lately, you may be surprised at what you will find there. It’™s not at all uncommon to find high-end, lightly-used clothing, kitchen goods, and other household items. And, if you shop at the thrift stores located in the more affluent areas, the quality goes up.

Warehouse Stores

A membership to a warehouse store always pays off, and if you are buying food items for both current consumption and storage, it is the best way to stretch your dollars.

Coupon ClippingCutting coupons

Coupon clipping has become a sport of sorts for many people intent on saving money at the store. Hardcore clippers boast of savings hundreds of dollars a month. The key, of course is to use the coupons in conjunction with sales to maximize savings. Clippers will tell you that the savings are greater than what you can get from the warehouse stores. While that may be true, coupon clipping does require good organization and dedicated effort in order to maximize your savings.

Drive Less

There’™s a possibility that you may not have access to a car or fuel following a disaster, and that’™s not the time to start figuring out what alternative means of transportation to use. Bikes will likely become the primary mode of transportation in that situation, so now would be the time to acclimate yourself to a two-wheeler. Using your bike now as a primary mode of transportation will save you a significant amount of money, and it will enhance your fitness, which will also come in handy.

Invest in DIY

Learning essential skills is not only crucial for survival, it can save you money today. Skills such as car repair, sewing, first aid, home maintenance, gardening, fishing, and hunting would be invaluable in survival mode, and they can all be learned inexpensively through your local community college or Transfer Electric school courses from the internet onto your computer.

Frugal Prepping doesn’™t have to detract from your lifestyle. In fact, for those who embrace it, it can be fun and it actually improves the quality of life, which can be much more important, both now, and after disaster strikes.

Continue Tutorial Below

Financial Prepping 101

While it can'™t be foretold with absolute certainty what lies ahead of us on the other side of major catastrophe, one thing we can count on is eventual food and supply shortages, and very probably, cash shortages. When preparing for such a situation, you have a choice: Have severe frugality
Read More

Financial Survival for Doomsday Preppers

By now, most of you have already heard about the show Doomsday Preppers, which spotlights the lives of otherwise ordinary Americans who are preparing for the-end-of-the-world-as-we-know-it (TEOTWAWKI).  To be clear, this is not about setting up a one week shelter to survive a natural disaster, such as an earthquake or
Read More

Quick Advice for Financial Prepping

When financial prepping for TEOTWAWKI, the last thing that might come to your mind is paying down your debt. After all, aren't there more important things to worry about like staying alive? While that may very well be the case, you need to also prepare for the possibility that the
Read More

Frugal Prepping – Saving Money for Prepping

While it can't be foretold with absolute certainty what lies ahead of us on the other side of major catastrophe, one thing we can count on is eventual food and supply shortages, and very probably, cash shortages. When preparing for such a situation, you have a choice: Have severe frugality
Read More

Prepping On a Budget: Build a Survival Emergency Fund

What is a Survival Emergency Fund? We've all been lectured throughout our lives about the importance of building an emergency fund. It should be the number one priority for your savings dollars until you've built a sufficient fund. When planning for normal times, an emergency fund should consist of enough
Read More

How the Coming Currency Collapse Will Affect You

Only the truly delusional would dispute that the fiscal health of the United States is in serious decline. In fact, its key vital sign, the US Dollar, is dangerously close to flat lining. which would cause a total currency collapse. The world'™s central bankers have opined their diagnosis that the
Read More

Getting Ready for Hyperinflation

What is Hyperinflation? Historically, hyperinflation is often associated with wars, their aftermath, sociopolitical upheavals, or other crises that make it difficult for the government to tax and govern the population. But those are just the symptoms. Hyperinflation is a man-made disaster arising out of the collapse of the currency, and
Read More

Top Five Items When Prepping on a Budget

If you have followed any of the articles or shows on prepping, you've probably seen some pretty elaborate plans and set-ups with costs running into the thousands or tens of thousands of dollars. That's all fine and dandy for those who have the disposable income or capital to invest in
Read More

Buying a Vacation Home? Make It Your Survival Home

If you need to get out of Dodge quickly and safely, the absolute key element to a bug-out plan is to have a destination that, if need be, can accommodate and protect your family for an indefinite period of time. And the only way to ensure that such a destination
Read More

A Prepper’s Best Investment – Learn DIY Skills

In the aftermath of a major calamity there are certain things you must have to ensure the safety and survival of your family. In these pages you will find an abundance of information and advice on food, supplies, and bug-out bags, all of which are essential when you're in survival
Read More

Bartering – The King Currency of Survivalists

In the aftermath of a catastrophic disaster, cash may be in short supply, and if the financial system collapses, maybe even worthless. Food goods, fuel and other basic staples will likely be the more acceptable medium of exchange, (i.e. bartering), because of their scarcity. And, until an acceptable currency is
Read More

The Real Value of Gold for Preppers: Is It Better Than Stocks and Cash?

Should a calamitous disaster, such as hyperinflation or an electromagnetic pulse attack result in the collapse of our financial systems, our currency will almost certainly collapse. Any dollar denominated investment, such as bonds and many equities, will become worthless. Gold is the obvious currency substitute, and even it will have
Read More

What Say You?