Debt vs. inflationSubmitted by Redgyl on Tue, 11/13/2012 - 10:56
I have a question for y'all.
As it is for many of us, money is tight, yet I feel like I am not ready for the economic crash. I don't have enough food stored up to last more than a couple of weeks unless I get extraordinarily creative, I don't have enough water to last us more than a month, only some camping supplies, no source of fuel or heat beyond some firewood, and so forth and so on. We do have a savings account with a significant amount in it, but it'll only last us a couple of months if we lose employment (which I doubt will happen, being in the military). Our only silver is a single American Eagle coin that my husband's father gave us for a wedding present back a few years ago.
Basically, I really want to get serious about getting ready for the economic crash, but I feel like I have to go into debt in order to do so, which I don't want to do. I'm used to living within my means, and I do not want to develop bad spending habits just in time for frugality to really mean something. But I worry that it might be easier to pay off debt than it will be to buy food when the hyperinflation hits (and we don't know when it will hit).
Anyway, I'd like to hear y'all's thoughts on the matter.