Economic Survival Tips

An economic crash, or currency devaluation could cause as many deaths as any natural disaster.  The irony being that all the actual resources are still there, but without currency to lubricate the flow of goods and services those resources will be largely unavailable.  But like all disasters, even economic ones can be prepared for so as to mitigate the threat and increase your ability to survive such disaster.  Here are some tips on how to prepare for a disaster of the economic variety.

 

Gardening

Growing a garden, and establishing it now, prior to your dependence on it, will help greatly reduce your need to purchase high cost produce at the store, it will help increase your nutrition which will reduce your likelihood of sickness and need for costly doctor’s visits or days off from work, and it may provide with you with goods to barter with among your neighbors.

Increase Your Home’s Efficiency

Fix windows and doors with drafts now to cut down on the cost of heating and cooling your home when times are tight.  Consider installing a wood burning stove which would not only allow for you heat your home but also offer an alternative method of cooking your food when gas and electricity are too expensive.  If you live in a hot area consider painting your roof white to reduce the amount of heat absorbed on a sunny day.

Develop Skills

Wilderness survival skills are not the only skills you need in this world, you also need to be able survive in the job market.  If you only have experience in one field try to gain experience outside this field to increase your skills that you can be hired for.

Invest

If you have already done these things, and if you have the available finances to do so you might want to consider investing in precious metals.  This is not practical for smaller purchases, you won’t be using gold coins to buy milk and eggs at the supermarket, but if you need to go to the doctor, or relocate, or make a large purchase after currency devaluation then precious metals will be an option.

Disasters can strike at any time and in a number of forms, we should be prepared for all of them as best as we can.

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