Welcome back beginning Preppers. Today we’re going to talk about some of the things that were in your inventory. For instance, your bank account needs to have enough money for three months. That is the amount of time most financial advisers say you need to be financially prepared should you lose a job or should there be an emergency. In the case of a dear family member, this turned out to be important. He became ill and over a period of time he became so ill that he was no longer able to work. He had saved money and was able to remain in his own home for an additional four months. He was able to get the extra month because he had not used any money unnecessarily for gas and entertainment. Unfortunately when he lost his job he also lost his health insurance, life insurance, and any other benefits being employed offers. At over 30 years old he discovered he would have to move in with his parents in order to survive. Having been on his own for more than a decade, this was a bitter pill to swallow.
While most preppers don’t think about a debilitating illness as something to prepare for, it speaks to the fact that anything can and does happen. We should be prepared for as many contingencies as possible, and illness is something that happens in every family.
We need to consider having cash reserves in a bank or elsewhere. While I don’t condone burying money in the backyard, I know that some people do. When you consider that all it takes to find your cash reserves in the backyard is to wait for you to leave and a metal detector, it seems silly to use that method of cash storage. Some people think that it’s okay to bury paper money because it’s not hard metal like coins. This could be a mistake because today’s currency has metal and can be found by a metal detector if it’s not buried deep enough. I don’t know how deep you would have to bury it but who would want to take a chance.
Hiding cash is always a difficult problem. Most of the money in the world will test positive for cocaine and K-9s have been known to hit on it. Law enforcement officers know right where to look, no matter how sneaky you think you were. I’ve seen them work. They look in places I would have never thought. I guess I am not sneaky enough. Thugs and thieves won’t hesitate to dismantle your property plank by plank if they think there might be a substantial gain for them.
It seems the best protection against the loss of your cash reserves is a multi-faceted approach. Keep information to yourself, that includes not sharing information with your teenage kids who might tell because they think they can trust their friends. If you feel you have to tell your kids, only provide them enough information so they can access one emergency store of money. If TSHTF you can fill them in as needed. Have a number of secured locations for safes. Divide the money in your safes according to your plan of how you will access your emergency stashes. Do not carry large amounts of cash on your person or in your car. People get mugged and cars are burgled the same as homes.