Best Prepping Tips when the Economy is Down
When the economy is rough, the best prepping activities are ones that build resilience, reduce dependence, and give you options. Here’s a grounded list of high-impact areas to focus on:
1. Build a Financial Buffer (Even a Small One)
- Prioritize saving a mini emergency fund, even if it’s just $500–$1000.
- Cut non-essentials and redirect small wins (refunds, side gig income) to savings.
- Consider bartering or informal exchanges to stretch your resources.
2. Stockpile Smart Essentials
- Focus on shelf-stable, versatile foods (rice, beans, oats, canned goods, oil, salt).
- Include personal care basics (soap, toothpaste, toilet paper).
- Buy slow and steady—$5–$10 extra per shop adds up over time.
3. Diversify Your Skills
- Learn basic repairs (clothing, plumbing, bike maintenance).
- Explore food preservation: canning, dehydrating, fermenting.
- Practice gardening—even container gardening on a balcony matters.
4. Strengthen Local Connections
- Build or join mutual aid groups, community gardens, or swap networks.
- Know who in your neighborhood has what skills.
- Emotional and resource support is everything in hard times.
5. Get Debt-Strategic
- Pay down high-interest debt if you can, but don’t drain all your liquidity.
- Know your minimum payments and prioritize flexibility over fast payoff.
6. Create a Home Inventory
- Know what you actually use.
- Avoid hoarding and impulse prepping—waste = lost money.
7. Learn DIY Health Care Basics
- Stock basic first aid.
- Learn herbs or natural remedies relevant to your region.
- Understand your health vulnerabilities and prep accordingly.
8. Generate (or Preserve) Multiple Income Streams
- Dust off old skills—can you tutor, fix things, resell, write, coach?
- Digital skills (e.g., design, copywriting, admin) offer flexibility and reach.
- Don’t ignore small gigs—they add resilience.