I live with my partner and in-laws on a few acres in the rural US. Right now we both have jobs and are saving as much as we can given the crazy way the world is at the moment.
I make less and am more of a junior professional so it’s likely I would be laid off first in a depression. Given this I’ve been thinking about non monetary ways to contribute.
One obvious one is gardening, which made me realize it might be a good idea to stock up on fertilizer if it went from a hobby to a necessity to grow food.
What other bulk things, or things in general might we stock up on that we would kick ourselves for not buying a lifetime supply of while we can?
Thanks a bunch!
an economic depression is going to make your spending power tank. don’t save all of your money, invest it in things that will allow you to support your well-being when things get hard. I don’t mean in stocks or whatever, I mean in things like a garden to grow as much food as possible. water filtration like a Katadyn hand pump water filter. solar panels large enough to charge your small electronics like a phone at least, and big enough to power things like your lights if you can afford it. hand tools for repairs around the house. a bidet so you don’t ever need toilet paper again. whatever you need to route your rain gutters into tanks to store water for drinking or watering plants.
you know, practical things that will help you. if you do save money, keep it hidden away in a fireproof safe inside your walls. money saved won’t do much if it’s in a bank that might decide not to let you withdraw it during a recession. I’m not saying you should go crazy and become a prepper, but taking a few steps to decrease your reliance on a functioning society will make things easier when times get hard.