It can come in useful for when the power goes out and you have to run the generator. Avoid having to spend a million dollars on gas by stocking up on this valuable resource early on. Needless to say, in an economic crisis, gas prices go through the roof. RELATED: Protecting Your Money in an Economic Decline 6. Do not risk catching some disease by keeping things around you clean. They don't just keep you from smelling bad but also help make sure that you stay clean.Įmergencies like these may mean that you'll have to get down on the ground and get your hands dirty. Hygiene ItemsĪnother one in the “what should I stockpile for economic collapse” list is hygiene items. Stockpile your other needs early on so that they no longer need to be a part of the budget you will make. As much as possible, limit the spending of this cash to absolute essentials and emergencies. Make a list of the items you will spend that cash on. This should help make sure that in a worst-case scenario, you'll still have the resources you need to purchase some essentials.Īdditionally, prepare a budget. If possible, store it in an envelope and place it inside a safe at home. If the economy collapses, your savings may just go down the drain with these big businesses.Īvoid this by keeping a few thousand bucks in cash ready. In an economic meltdown, always remember the saying, “Cash is king.” Crises like these often mean that even the largest banks can go out of business. In dire situations, pharmacies are often the ones that run out of supplies first. This will come in handy when you and your family find the need to move to a different location.Īdditionally, keep a list of special medications your family might need. Make sure to keep all these together in one easy-to-carry container. Prescription medicines and other over-the-counter medicines.Light sources like matches and flashlights.
Replace these items as needed so you know that your stock is always fresh.Īn emergency kit should have at least the following items inside it: Rotate out any food items that may be nearing expiry and use them in your kitchen. During an emergency like this, the last thing you want is someone needing to be rushed to the hospital because of an allergic reaction that could have been avoided.įinally, once you're done shopping, keep a list of the items in your food storage and their corresponding expiry dates. This will help make sure that morale is kept high should an economic collapse happen. This often includes staples like beans, rice, wheat, oats, freeze-dried food, and many more.īefore going shopping, take into account the individual preferences of the members of your household.
When stocking food, make sure to choose canned goods and other food items that will last for at least a few months. Next to water, food is the most important resource to stockpile. Other alternatives during an emergency like this are to create a rainwater collection system or to retrofit a well with a hand pump. If you have access to surface water, for example, you can just collect it in buckets. If you plan on living off-grid after an economic meltdown, there are a ton of other ways you can collect water. This should give you enough time to think of other methods of collecting water later on. Stockpile enough water that will last for at least a week. Keep at least one gallon of water per person per day.
What should I stockpile for economic collapse? Water is perhaps the most important resource to have during any emergency.īefore an economic collapse or any other natural disaster, make sure to stockpile a few gallons of water for you and your family. Knowledge and Skills What Should I Stockpile for Economic Collapse | The Complete Guide
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