Economic Tweaks: Changing Our Behavior on the Spiral Downward!

spiral

I’ve been waiting for an economic collapse since I started prepping.  In fact, the economy was my main concern when I started my preparedness journey.  You can even see this focus when I started Prepper Website.  The first article I linked to was one from SHTF Plan called, “How to Spot the Triggers of a Socioeconomic Collapse.”  I’m still waiting!

Every year, every financial quarter brings new warnings.  Many preppers are waiting for the hammer to drop, but some are starting to feel like the boy who cried wolf.  SHTF should have happened so many times by now, it isn’t even funny.

The problem that we might have is that we are looking for ONE BIG EVENT to cause the house of cards to come tumbling down.  I’m starting to believe more and more in what Jack Spirko said years ago, that we are going to experience a slow economic spiral downward.

If you look back at your finances over the last few years, haven’t you felt a little bit more of a pinch?  Things are more expensive.  Your money doesn’t buy as much.  You’re not putting away as much!  Things aren’t SHTF, but every year we lose a little.  One day we’ll wake up and realize we are smack dab in the middle of the SHTF scenario we were looking for on the horizon!

Start Adjusting Now!

One of the best things we can do is to start prepping now to stem off the erosion to our finances.  It’s simple, we need to adjust what goes out and start making better decisions.

There have been many articles written on this topic already.  So, I don’t want to rehash all that here.  But I do want to point out a few helpful things and then focus on the main purpose of this article.

Smart Financial Moves

  1. Budget – If you don’t tell your money what to do, it will do what it wants.  Just like you need a preparedness plan or a bug out plan, you need a money plan.  A budget is a money plan!
  2. Cut back on Services – You don’t need all the cable channels available to man!  You might not need the big cell phone plan you have!  I recently called my insurance company and saved a nice chunk on my auto insurance.  Take a little bit of time and see what you can get rid of.
  3. When you buy something, purchase a quality item so you don’t keep re-purchasing junk!
  4. Pay everything with cash!  Not using credit cards should be a no brainer!
  5. DIY – Learn how to fix things yourself!

 

DIY – Skills that Are Needed in Our Future Economy

I want to devote the rest of the article to the need for learning and knowing how to fix things. We have become so accustomed to just throwing away things that can be fixed for running to the store and buying that new item out of convenience.  But in our spiraling down economy, we might not have the luxury to just buy something out of convenience.  And usually, most things can be fixed for a fraction of what the item might cost new.

There is also the need to learn how to repair or replace things ourselves. For example, recently I replaced the toilet in the boys restroom.  It was a nasty, dirty job.  I had to run to Home Depot a few times to get the right part, but it saved me the cost of scheduling a plumber to replace it for me.  What would that have cost me?  I don’t know.  But I saved that money, plus felt good doing it myself.

I also saved a little $$$ when I changed out the battery in my wife’s tablet.  This one was a little bit more technical and well…I had to be real careful because I have fat fingers and I was dealing with some small wires.  But I did it!  All it cost me was the battery from Amazon!

And recently, I changed out the garbage disposal.  This is the one that had me really thinking about the money I was saving by doing these small repairs myself.  I didn’t detail every step, but I did take some pics.

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We’ve lived in this house going on 11 years.  I’m pretty sure this is the original garbage disposal.  You can see the rust in the screws and around the reset button.  This sucker was leaking from places it wasn’t supposed to!

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It was a messy job.  Old putty and gunk were coming off and getting everywhere!

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These pictures don’t let you “appreciate” the nasty gunk on the collar.

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The job would have taken 1/2 the time if I didn’t have to replace the collar.  The old garbage disposal didn’t have a quick connect!

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Give it up for the amateur repair man! 😉

How Am I Learning How to Do This Stuff?

How does one know how to fix things?  You learn!  Everyone has to learn at some point!  And today, we have great resources available to us on the internet.  Before I attempted the repairs I listed above, or others for that matter, I checked Youtube.  That’s right!  I sit down in front of my computer and pull up a few videos on the subject.  In the case of my wife’s tablet, I sat in front of my laptop and watched the video as I mimicked the repair in real time.

To change out the garbage disposal, I watched these two videos below first.

 

 

In the first video, the guy doesn’t punch out the dishwasher drain.  I realized that important piece of advice by reading the comments.  You can learn just as much from the comments when you watch a video!

The Other Missing Piece

One of the other reasons people don’t DIY repair is because they don’t have tools.  Tools are tangibles that you can hold on to.  If you purchase a quality tool, it will last forever!  If you don’t have a good set of tools, it would be a good idea to start adding and building a good set.  You can even find good deals at garage sales and some pawn shops.  If the SHTF, tools will be valuable!

Other Resources

There are a few other resources that you might want to consider if you are choosing to start DIY repairs to save money.   These resources are DIY books that have a proven record of good reviews and they are still in print!

Final Thoughts – Start Now, Get Some Experience!

Taking the time now, when you might have a little financial wiggle room, is the time to start learning how to fix and repair things on your own.  By getting a few projects under your belt, you will build confidence and feel comfortable tackling bigger projects.  You never know what you might be called on to repair in the future!

Peace,
Todd

This article first appeared on Ed That Matters.

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Todd Sepulveda

I'm the owner/editor of Prepper Website, a DAILY preparedness aggregator that links to the best preparedness articles on the internet. I'm also a public school administrator and a pastor. My personal blog is Ed That Matters, where I write about preparedness and from time to time, education. Connect with me on one of my social media outlets below.

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8 Comments

  1. Douglas September 20, 2016
  2. Elise September 20, 2016
    • Todd Sepulveda September 20, 2016
  3. Joey September 22, 2016
  4. janie September 22, 2016
    • Todd Sepulveda September 25, 2016
      • janie September 29, 2016

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