24 votes

Debt vs. inflation

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.

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I concur

You need to ahve a way of attaining extra. I just purchased two vacant lots at my county surplus property (tax)sale for 600 bucks each. Now I have about 1/2 acre of wooded land two blocks from my house which will provide extra garden space, and fuel for heat. I have also done some modifications to my house to allow it to be heated with wood very effectively. The addition of a small (about 500W) solar array which I plan to build this winter and a few batteries will allow me to rune the furnace fan in the winter, and a fridge/freezer in the summer. The deer in town here are dumb enough that hunting with a bow and arrow should be doable, I'll save my ammo for a real emergency.

Josh Brueggen
Engineer
Entrepreneur
Gardener
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois