I am very new to all this, so please help me out! Below sounds very over paranoid, tin-foil hat-ish. I am not!! I am just wondering...
I have read about being prepared for an economic collapse, but nothing I have read has been very helpful/reasonable. I therefore have the following questions that I would be grateful if people could help me with:
What would happen if there was an economic collapse?
What is reasonable to do to prepare for this- stockpiling years worth of food and water isn't really something I could do. I will keep some cash at home (more in case of shopping in power cuts than financial collapse though) but not enough for very long. Are there other financial things that help- paying off mortgage and credit cards and if so why?
Once mortgage is paid off though, we might as well save though. If there was an economic collapse, we'd loose it. If there wasn't, we'll have a nice retirement. I was reading one site about cutting down on all no-essential spending, which makes sense if you are paying off debts or are living beyond your means or saving. But If you have paid off your debts are aren't overspending, your choice of what to do with your money is spend it on non-essentials or save it. Neither of which would help you in an economic collapse.
Basically, I'm confused!!
Please or to access all these features
Please
or
to access all these features
Preppers
Financial Prepardness
29 replies
YesterdayOnceMore · 09/11/2015 12:56
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.