Prepping 101: Tips to help you survive the coming economic collapse

Sunday, March 24, 2019
By Paul Martin

by: Tracey Watson
Sunday, March 24, 2019

The financial, social and political instability of the modern world makes it seem like a collapse could happen at any time. While nobody can predict the future, there is one way to reduce feelings of fear about a possible future financial collapse: taking control by being well prepared for such an eventuality.

Erin Foster, writing for The Survival Mom, recently posted an article that provides some excellent and practical tips for surviving and thriving – even when times are tough financially.

Take control of your finances

The first step to preparing for and surviving a financial disaster is to get your current financial affairs in order and keep them that way, says Foster:

Take out all your bills and put them in order by due date. The bills that are due now, are on top. If you don’t already have a budget or a list of what your expenses are, now is a good time to list every expense you have, including that daily cup of Starbucks coffee and the kids’ school supplies.

On a piece of paper, list your bills with the most important and with the earliest due dates on the top of the list. Rent/mortgage should be first, followed by insurance, utilities, then any revolving debt.

This list must include all expenses, even subscriptions paid automatically by the bank or small costs you might tend to overlook. The best way to capture every expense is to go through several months’ bank statements and record every recurring expense and then to add costs to your list that do not always reflect on your statements, like groceries, medical bills, fuel costs, etc.

The Rest…HERE

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