The last post about Hyperinflation Survival is full of strategies and tips, but falls short on things we can do today to help us prepare for hyperinflation. With more and more people feeling like their money is going down the drain, the ability to take action today is important. Here are some things you can do:
- Buy Metals. You can chose to buy physical metals, or go for the paper variety. If you decide to buy physical, you may be able to pick some up from a local dealer. If you choose to shop online, Northwest Territorial Mint is a good source for physical delivery of your gold and silver. You don’t need to make a large investment at once. Add the investment of metals to your monthly budget, and stow away your deliveries as they come in.
If you decide you are more comfortable with the paper variety, you can use your brokerage account to buy commodity based EFT’s. SLV is an example of an EFT for silver.
- Make a Food Storage Plan. Food storage is not a once in a lifetime activity. It is actually a subtle change in the way you eat, shop, and prepare meals.
Store what you eat and eat what you store. When I first thought about storing food, I thought of bags full of barley and beans. I don’t eat barley, though and I honestly would have no idea what to do with a bag full of the stuff. Storing an item that your family does not eat is a recipe for old, rotten food. Even bags of wheat or barley, years later can become bug infested disasters. It is a much better plan to store foods that your family will eat, and to rotate your food storage supply into your kitchen. When you buy a new box of spagetti noodles, place it in the back of your spagetti noodle row, and put the first box into your kitchen.
Baby Steps. The idea of storing enough food to last your family a year can seem like a very daunting task. It would be a daunting task if you took it on all at once. However, if you take the task on in baby steps, and integrate the food storage habit into your lifestlye, you will reach your goal before you realize it. Start with learning a little, putting together a 3 month plan, then take your shopping list with you the next time you go to the store.
The ladies over at Food Storage Made Easy have an excellent resource for all your food storage questions, so I won’t go into any more detail here on food storage. They offer an excellent resouce called the 3 Month Food Supply Spreadsheet
This is a great way to get started. Once you have filled out your 3 month spreadsheet, you can just take the ingredient list with you when you go to the store, and pick up the items that are on sale. Over the period of a couple of months (or faster if you would like) you will have your 3 months of food supply without having spent a lot of extra money.
- Produce Your Own Food. If you live in the country, this is a lot easier, but even people in cities can grow some of their own food! Grow Your Own Garden, Raise some Chickens… you get the idea! More and more people have been raising chickens, even in towns. However, if you live in a town, you may not want a rooster. Atleast, your neighbors may not want you to have a rooster! Resources abound on the internet for gardening and chicken-raising topics. You can also decide to start baking your own bread, and making meals in bulk and freezing some for use later.
I want to hear from you! What else can be done, today to prepare for a difficult economic time?
#1 written by Barbara March 26th, 2009 at 11:11
I was already to add..buy quantities on sale, but you already had it. Way to go! I believe in shopping locally, but shopping online can also be a big savings. Now that I have joined marketameica, the am able to blend, at lease to some degree, that issue.