Faith Farm

Preparing for a depression?

{ 07:58, Sunday, October 5, 2008 } { Posted in Preparedness } { 2 comments } { Link }

There is alot of media news out there right now talking about recession/depression and what you should do to prepare for such an event. Most of the articles I have read go over the basics of what to do with your money. Get out of debt-stay out of debt-live below your means-have affordable housing, ect. These things are all true but honestly they are things that we already know and should be doing to the best of our ability. Debt is bad...period...we know that--Although I'm not so sure the government does-LOL. The fact is when this country does see a true depression there will be many other things that you will need to have 'prepared' for. I could be wrong-I have been before-lol--but I think we are already knee deep into the start of this thing and with the decisions that are being made now I don't see things getting better. First thing you need to do is pray about it--find peace-not fear-get out of the media hype. How are things in your life being affected now? Many-many Americans are already facing job losses and financial crisis. If you are still in a good position financially you have either prepared or are in a great position to prepare. Don't kid yourself though--ask yourself what position would I be in if I no longer had income or if I had 1/2 the income I do now. What position would I be in then? Don't panic, just be realistic. Write these things down. There is going to be alot to think about. Perhaps you won't have to live through these types of scenario's but it is better to have planned for them now instead of in a time of stress and necessity. I think most people have put some thought into this but haven't seriously put pen to paper. So where do you start? This is a personal thing---do what you feel is right-and keep your peace about it. I'd like to share some thoughts on things you should think about so as time allows I'll try and make blog entries that you might find helpful on your way to a more independent lifestyle. This may be easier for some than others but regardless of your current situation it is possible. It's just depends on how much you want it. Blessings>faithfarm
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Very good

{ 09:16, Sunday, October 5, 2008 } { Posted by hmsteader71 }
That was a very good post. I hadn't thought about writing down a scenerio with 1/2 the income or none at all. I will be doing that. We are in debt and that is a little scary but when it comes down to it God is in control. We are trying to get out of debt and He knows that. In fact, I had it worked out where this year we would have been paying several things off. But then hubby's overtime got cut (thankfully it is back) and the economy went the way it did. But I truly do not have fear for a depression I am trying to rest in Him.

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{ 10:44, Sunday, October 5, 2008 } { Posted by gabbie427 }
I agree with you whole heartedly!!! We have been making provisions for months and months now. We felt led by God to stockpile our pantry and freezers to their limits. We have cut down on all extras, and we are putting extra money into savings and emergeny funds.

We are blessed to have good housing, and hubby to have a wonderful job with benefits, but we know this may not be true, and we want to be prepared!!

Thanks for sharing such a wonderful post.

God's Blessings,
Amy Jo

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Preparing for a depression?

Very good

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