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Preppers

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Original poster

Are you worried about an imminent economic meltdown - preppers

68 replies

Ladymaverick · 11/02/2016 21:37

FTSE crashing. Talk of HSBC going to the wall. NASDAQ under 4000. DBank in big trouble. Gold soaring which is really worrying me, although we do have some in coins we don't have a huge amount.

I've taken quite a bit of cash out today to keep at home. Luckily we have a very secure safe so i'm not really worried about having it at home.

Anybody else keeping an eye on this?

OP posts:

cozietoesie · 18/02/2016 17:15

A part time or weekend job is no bad thing, I reckon. It gives you another skill set possibly and also new circles of friends. I appreciate the point about the seriousness of doing it just as a preparation, though.

winchester1 · 18/02/2016 17:15

We are working towards that lifestyle and have two incomes (but can live off one) plus a few other investments to help us along if one or both of us lose our jobs.
Also no longer have any debts that could make us homeless / bankrupt.

cozietoesie · 18/02/2016 17:20

You also have a ......less than urban.....lifestyle if I recall, winchester ?

redhat · 18/02/2016 17:56

We are trying to pay off the mortgage so that we are more secure if there are economic problems. It seems to be taking a long time but it was a large mortgage. We will get there within the next five years.

winchester1 · 18/02/2016 18:32

That is very true cozy

winchester1 · 18/02/2016 18:35

Keep going redhat its the best feeling making that last payment.

ThroughThickAndThin01 · 18/02/2016 18:35

I have been really surprised that the OP hasn't bothered to respond to her very busy thread.

Then realised she first posted a week ago

cozietoesie · 18/02/2016 18:42

Making the last payment is definitely good. And some banks or other mortgage providers can become quite deliciously grumpy when you do.

SideOrderofChip · 03/03/2016 12:37

If there is a massive economic meltdown i think its best to make sure you have cash to spend and food stored. Why?

Because if SHTF you want to make sure you have the food in before inflation hits hard or incase you have no wage or money for a few weeks. You need something to eat. I don't see it as an apocalyptic scenario but if you know that whilst you have no money coming in you can still eat, you can still keep warm etc then thats something.

RortyCrankle · 08/03/2016 20:46

For some time now I have been withdrawing money from the bank to keep at home. Do you think it's better to leave in currency or buy silver/gold? I can't imagine paying for a loaf of bread with a silver/gold ingot.

I really also want to seriously start stockpiling food and equipment - I think Europe's in for a rough time this year, although I don't think a GE will happen well I see no reason. Time to read the rest of this forum and start making a list.

winchester1 · 22/03/2016 20:17

Personally I buy stuff I can use - books for info, food, solar chargers etc and just keep a little cash at home. I feel.you have to prep for problems and likelihoods - nothing bad happens I want my money invested and earning income for the future.

cozietoesie · 22/03/2016 21:05

I'm pretty well the same, winchester. If I have genuinely spare funds for preparation, I put them into useful stuff.** I have a little cash to hand for emergencies but if SHTF, I don't reckon large household cash reserves are going to help us much.

My biggest campaign at the moment is trying to teach the family youngsters some practical skills. (I'd even be happy if they at least knew how to reference books but they're of a bunch that do everything via the Internet - and regard Googling as 'original research'! )

Stratter5 · 30/03/2016 12:56

I think if something really does happen, you'd be better off bartering.

redhat · 30/03/2016 13:03

If there is a major meltdown you are generally better off having stuff. You can have all the gold bars in the world and it will do you no good if there is no food etc available.

I think its about balance. Enough cash for reasonably short term issues with the banks, enough in terms of valuable commodities to trade or live on in the event of longer term issues.

I like to have a good supply of food in plus wood, candles, matches, torches etc.

LoisWilkersonsLastNerve · 30/03/2016 13:09

Yes, we've reduced debts to just our mortgage and we are trying to get a good three months worth of bill money saved. I've read some good blogs on the subject and being self sufficient and having a few income sources seems to be the best idea, as well has having no debt.

LoisWilkersonsLastNerve · 30/03/2016 13:13

In terms of stocks of food at home, Asda do a great basics range, tinned veg etc. I have loads just incase my dh has a quiet week at work, he is self employed and I don't earn much so we've always done prepping in a financial sense.

redhat · 30/03/2016 14:11

I bulk buy for the same reason. My income is variable since I run my own business. If something we use is on offer and will keep, I buy loads of it. We have at least 8 of all of our regularly used items in the store cupboard plus various random bits which I pick up along the way. It does mean that in the event of trouble we would have 72 tins of beans and 20 jars of honey since they always seems to be on offer!

cozietoesie · 30/03/2016 14:44

We're lucky in that we have plenty of storage room these days. We take advantage of it.

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