While skills and abilities are invaluable and arguably the most important part of preparing yourself for any disaster, it would be naive for a prepper to decide that it is unnecessary to have “stuff”. No matter the scenario for which you prepare, the financial side of preparedness is unavoidable. In part 1, I talked about the benefits of living debt free and importance of developing a budget and sticking with it to better use resources for preparedness efforts. Now, let’s move forward.
Evaluate
What’s next? Now that you have your budget, what is the next step (whether you choose to try for a debt free life or not)?
Assess Your Financial Situation
This part is no new revelation. You will find this same information in other readings about financial wellness. You need to assess your financial situation and evaluate options.
As preppers we often focus our time and energy on our security. And one of the first things you learn is situational awareness or assessing the situation. You must take a hard, honest look at whatever situation you find yourself in to know how you may best act or react.
Continue reading“How To Be A Financial Prepper- Part 2, by Brandon”