Are You Eliminating Debt/Backstocking Food?

[J-Roc]

Originally Posted by Alter Ego

Economists are saying it's a good idea. Fears of runaway inflation are rising.

Not trying to be a doomsday guy, but my family is preparing an emergency plan.

Just in case.

This reminds of the Y2K preparations at the turn of the century.

[J-Roc]

Originally Posted by Alter Ego

Those of you mocking are like the prototypical Pentecostals who say "why do I care about the environment? The Lord's coming anyway."

And then he hasn't come yet (even though he will) and we breathe filthy air, drink filthy water and live in a filthy environment.

My point?

God expects us to use common sense.

At some point, I'd like to afford Penta Water





http://www.pentawater.com/

Originally Posted by J-Roc

At some point, I'd like to afford Penta Water





http://www.pentawater.com/

Yet they place it in plastic bottles... when plastic is no good for you.

[Sister Alvear]

...most Jews had no idea that the Nazis would target them for extermination but it happened....

[Nahum]

Interesting thread.

[rgcraig]

Originally Posted by Nahum

Interesting thread.

What things did you do to prepare and has it made a difference today?

[Ferd]

Originally Posted by rgcraig

What things did you do to prepare and has it made a difference today?

I bought a 10 lbs bag of rice this week... I do that pretty often cuz we eat a lot of it.

[Nahum]

Originally Posted by rgcraig

What things did you do to prepare and has it made a difference today?

1. Took a part time job close to home. That money floated us during the months when gas skyrocketed.

2. My immediate family and my in-laws started a family food pantry. We stocked it full of non-perishables. Have you noticed the way food costs have inflated over the past six months?

We saved oodles by buying up canned goods back then.

3. We stopped eating out back then. I do mean stopped. Stopped cold. We do not eat out, ever.

4. We paid as many bills as possible in advance.

[StillStanding]

After this month, the only debt I will have is on my home. I only owe about 40% of what my home is now worth. (I expect the house value to fall!)

Mrs. Steinway and I have made a pact to not purchase anything that is not absolutely necessary until we see an improvement in the economy.

I will be watching our expenses like a hawk for the next several months until I see things ease up with the economy.

I have already paid for a trip the Key West for our 20th wedding anniversary in January. We won't be taking any other trips for vacations for a while, except to visit family.

I am putting away my golf clubs for a while.

With these moves, I have enough money put away in savings to last us for the next year or so, depending on how bad it gets.

I'm not panicking. I'm just being frugal to help us make it in case things turn worse. If things turn around quickly, it'll be no sweat off my back!

[Ferd]

Originally Posted by Mr. Steinway

After this month, the only debt I will have is on my home. I only owe about 40% of what my home is now worth. (I expect the house value to fall!)

Mrs. Steinway and I have made a pact to not purchase anything that is not absolutely necessary until we see an improvement in the economy.

I will be watching our expenses like a hawk for the next several months until I see things ease up with the economy.

I have already paid for a trip the Key West for our 20th wedding anniversary in January. We won't be taking any other trips for vacations for a while, except to visit family.

I am putting away my golf clubs for a while.

With these moves, I have enough money put away in savings to last us for the next year or so, depending on how bad it gets.

I'm not panicking. I'm just being frugal to help us make it in case things turn worse. If things turn around quickly, it'll be no sweat off my back!

Mr.S, in all honesty that is how we ought to all live all the time.