While there are rules and regulations in place designed to prevent another economic crisis as experienced during the Great Depression, there are never any guarantees when it comes to economic stability. If you're a bit worried about what turns the economy will take in the future, you can use the following tips and tricks to create some peace of mind.
Create a Sustainability Kit
In times of economic problems, it can become tough to feed yourself – the Great Depression is a testament to this. So, create a sustainability kit for your household to rely on if a time comes in the future when groceries can't be purchased abundantly at the store or if prices skyrocket and just aren't affordable. Start by purchasing something you can keep your sustainability items in, such as a large plastic tub with a lid or even a new garbage can. You'll also need some duct tape to seal the container once you've filled it up. Gather items that will help you feed your family through rough economic times, such as:
Buy enough food to feed each person in your family 2 meals a day for at least a month. Don't forget to include plenty of drinking water in your arsenal.
Practice an Enjoyable Craft
If the economy crashes and the opportunity to work for money becomes few and far between, you can barter your services for goods and food to help your family get by. However, the services you offer will have to coincide with the signs of the times, so it's a good idea to start practicing a craft you enjoy that will come in handy in an economic downturn. Gardening, making bows and arrows from scratch, smelting metals, and even creating pottery dishes and utensils may all be in demand as people find it tough to support themselves financially.
You may be able to trade your gardening services in exchange for a portion of the food that is grown on your customers' properties. You might be able to trade homemade dishes or hunting tools (like slingshots) for precious metals and other valuable items. Make a list of hobbies you think would be in demand in your area and try a few out to see which you enjoy. It's important to practice a craft you enjoy, or you likely won't stick with it or be any good at it if the time ever came to start bartering.
Sell Your Pocket Change
Believe it or not, the change sitting in your pocket or in a savings jar at home may be worth quite a bit more than its face value. There are pennies, dimes, nickels, quarters, and even silver dollars that are worth several times more when sold to an investor than they are when used in the grocery store. For instance, Lincoln wheat pennies that were produced between 1909 and 1958 can be worth thousands of dollars! So, use an online guide and inspect every piece of change that touches your hands before throwing it in a piggy bank or using it at the store.
When you find some change that's worth a significant amount of money, you can sell it to coin buyers and then buy gold with the money you make. Put the gold away in a safe place in case the economy takes a turn for the worst so you have something of value in hand that you don't have to worry about getting from the bank. You may even be able to trade your valuable coins directly for gold depending on the coin buyers you decide to work with.Share
25 May 2017
Hi there, I’m Gillian Clancy. Welcome. I am here to talk to you about jewelry. I am enamored with all types of jewelry from plain gold rings to huge diamond pendants. I love to look at jewelry made from silver, gold or even bronze. I spend my free time looking over gems and rating their quality for fun. I want to help other people gain knowledge about jewelry and learn to love this amazing art form. I will talk about famous pieces of jewelry from history and discuss the way the art form will change in the future. Please come back again soon.