Food In The Basement Is Better Than Money In The Bank

Wednesday, September 24, 2014
By Paul Martin

Peggy Layton
September 22, 2014

There are many reasons for stockpiling a one-year supply of food. The value of food commodities generally increases at the same rate as inflation. Money in the bank doesn’t do that. Investing in 500 cans of tuna or in dehydrated food that will last five to 10 years are better bets than putting $350 in the bank.

The most important reason to store food is that it comes in very handy in a crisis. It is comforting to know that you can use your home grocery store for an emergency and to help buffer lean money times. If you had to live on what you had in your basement for an extended period of time, you would wish you had a well-rounded supply of food.

In general, most households do not have more than a one-week supply of food. As a nation, we rely almost totally on the supermarket and fast food restaurants. According to the U.S. Department of Agriculture, the cost of feeding a family of four at home in July ranged from $568 per month (thrifty plan) to $1,293.20 per month (liberal plan). Wow! With food prices rising, your best investment right now is food.

If you ask any supermarket chain manager to tell you how long it would take to empty the shelves in any store in the event of a crises, the answer would be about three days. People storm grocery stores and buy anything they could get. The water is the first thing that goes.

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