Your spouse lost employment. Your family is down to one or no income. The bills are piling up and you feel a panic for the future. This is happening to at least 10% of our U.S. Citizens according to August 2010 report from the U.S. Bureau of Labor Statistics and there is no relief in sight.
So what do you do to survive? Being prepared for the worst is always advisable and in this day and time to stay ahead of a difficult economy is being prepared for the worst. Many families are suffering through yet there are some tips you can use to buffer the bumps.
Keep your eyes open for more employment now:
It’s always good to have a back up plan for income even if your job is secure. Keep your resume up to date and check out what is available in your area. There are so many resources online and through networking with others, employment comes much easier and faster.
Decide now to put away some savings:
No one really knows what it is like to be so broke you can’t buy groceries until it happens to you. It is incredibly debilitating to suffer through such a challenge so by thinking ahead, you can be prepared if income is lost quickly. Put away 10% out of your monthly income into savings for emergencies. Sometimes this requires sacrifice but it is better to sacrifice new drapes or furniture now, than to be caught without cash to use for emergencies later.
Cut back wasteful expenses:
Americans are notorious for over spending. We think we can cover it later on down the road but in fact this causes great stress. When purchasing items at the store think to yourself: Do I really need this or it is just something I want? If you have to buy it on credit without being able to pay the bill off at the end of the month then you don’t really need it. There is a lot to be said for living within your means. If you can learn to live happily with what you already own, life seems a whole lot better. Keeping up with the Jones went out a long time ago and it is not important to buy what the neighbor buys. We all have priorities so don’t get sucked up into thinking life is not worth living without everything your neighbor has. It’s just not worth it.
Stash some food away:
This is a smart move for any family who wants to be prepared. I have been doing this for over 25 years and it helps to have a stash of three months of food put away for emergencies. Buy what you normally eat every day in canned goods, frozen foods and water and rotate as you buy. I can’t tell you how handy this food source has been even in bad weather situations when you can’t get to the store. A century or two ago, most people who lived out in the country put up what they needed for the winter months until they could grow enough to replace it so this idea of stashing food is not new.
Keep a positive attitude!
This is an important aspect of survival. It’s not all doom and gloom. We can be satisfied with what we have and enjoy life without a lot of material possessions. We are so blessed living in this country as we have no idea how the rest of the world lives. Read about the outside world on the internet to really appreciate what we have here and feel gratitude for the blessing of living in such a wonderful place.
This down turn in economy won’t last forever so we can breathe a sigh of relief when the pressure is not so high. Keep these tips in mind and your survival rate will be much higher and more positive as you will be more prepared for emergencies and you won’t be so worried about the future.