by Bo, March 25, 2013
What’s a prepper? Over the last fifty years the term prepper has been used to describe a person who is prepared or has prepared themselves with material and funds to live independently in case of economic or social collapse, or even natural disasters. They plan and prepare a space where
they can, if they have to, become self-sufficient. Many of us don’t naturally think about things that way, but here are five important financial behaviors we can learn from a prepper.
1. Get Organized
Getting organized should cover several areas of your life, from cleaning the house working out an efficient budget. When you’re organized you can find things easier, control your spending, and deal more effectively with any financial crisis (or avoid them completely). Pay attention to
where every cent of your money goes. You may be surprised just how much of it is going toward frivolous things every month.
2. Save Wherever You Can
There are a lot of simple things you can do to cut back on your spending and save more. How much are you paying for heat and electricity every month? Could you raise or lower the temperature a degree or two and still be comfortable? You may be surprised at how much difference that makes on your bill.
This kind of conservation can extend to other areas of your life as well. Do you have a lot of food that goes to waste every week? Then maybe it’s time to change your spending habits. Cut back on driving if you can and save a lot of money on gasoline costs. There are a lot of similar
opportunities that may seem small at first, but they all add up.
Preppers are stockpilers, and they like to have many months of food and water stored up for a rainy day (or a natural disaster, or whatever). The same principle can apply to your personal finances. You never know when a crisis may hit. You could lose your job, the company could
go under, or a friend or a family member may need some monetary support from you. You’ll be able to handle these and other similar situations so much better if you have enough money saved up live on for a few months at least.
4. Survival Training
There is a lot you can learn when it comes to survival training. In the financial world, though, it’s not so much about first aid and self-defense as it is about being self-reliant and learning how to cut unnecessary things from your budget. If that time ever comes when your budget is suddenly fixed or limited, will you be able to get by on a lot less? Train yourself to recognize the difference between necessities and luxuries and be ready to cut some things out of the budget when the time comes.
5. Plan for the Unexpected
Your savings can help get you through man difficult situations. Most experts say you should aim to have enough money to support yourself for at least a few months while you look for a new job or recover from the accident or whatever other unexpected circumstances may occur. Work to
pay off your loans and always set something aside in your emergency fund. Financial freedom is your ultimate goal.