For those with parents or grandparents that lived through the Great Depression, they no longer possess the luxury of naivety, when it comes to financial security. This is especially true for those people who lived through the economic difficulties of the last three or four decades.
Unfortunately, the stress of never knowing if their job is secure, or if something will happen in the future that will deplete their savings and be dependent on things like payday loans, makes people live day to day, in a panic. They worry if they will be able to provide for their family. There are ways to relieve the stress, and all it takes is ingenuity and a plan for tomorrow.
There is not time like the present, to plan for an unanticipated financial emergency, starting with the most basic of necessities.
By resisting the urge to buy the most expensive brands, people can save money on food bills. To reduce the stress of worrying about money to buy food at some time in the future, there are also food insurance companies available today. People can spend money to buy food now, to store away so that it will be available for them, if they should ever need it.
Water, Electricity, and Heating
People today also worry about running out of resources to heat their home, light their home or office, and having access to clean water today.
The old rules that we have heard all of our lives hold true today as much as any other time. Turning down the thermostat at bedtime, and not letting the water run excessively while brushing teeth will save money on monthly bills. In addition, turning out all unused lighting will save money and resources.
Try vigilantly for one month to do all of these things, and put aside all the money saved. Promise to try it for the next three or six months, and you will soon see that it can add up.
Cash that you put away now, will be available for you to use when you really need it. Save it for a rainy day or for tough financial times.