In Texas we have many types of landscapes and climates. Right now, I’d say all of them are HOT! The air conditioners are working overtime to keep up and everyone dreads seeing that bill come in the mail. Some of us will average our bills so we won’t feel so shocked when we get our summer bills. Well, just think about this…what if one day you came home, walked in the house, and found it sweltering hot inside?!? THE A/C WENT OUT!! I think at that point most of us don’t think too rationally. We just want it fixed and fixed now! So are you willing to pay the first person who can get there, whatever fee he demands, to fix it? Do you even have the money to fix it? Are you willing to put it all on a credit card and pay the interest fees? If not you may have to live a few days without A/C. What a nightmare!
Ok. Next…what if…Your husband or wife comes home, stunned, and tells you that they have been given a pink slip and told that Friday will be their last day of work? The company is struggling and is having to lay off several people or else shut down. You know that jobs are scarce right now and it will most likely take a while to find a new one, that is if you’re lucky. What would you do? Live off of credit cards for a while? You know you can stay in your house for a few months before you are forced out and you can collect unemployment for several months. But what you get will be nothing compared to your past salary. You still have to eat, take your medicines, go to the doctor, make your car notes, pay insurance, etc. What will you do?
Then, of course, we have all heard of or experienced the many natural disasters that plague the earth. I have personally lost a house and all its contents to a hurricane. I could go on and on with many examples of personal and natural disasters that happen to normal people. It’s a daily occurrence.
So, if I told you that there were ways to mitigate some of the problems which come with these disasters, by implementing some prior planning, would you scoff, or would you like many, everyday, normal people think, “hmm, maybe there is something to this. I’ll see what she has to say.”? Well, if you thought the second one, fantastic, go ahead and read the rest of the post. But, if you scoffed, well, I guess you’d be wasting your time reading on…but just maybe…oh, come on, give it a chance. You might be surprised how much common sense you see in the points ahead.
The first thing I would ask you to think about is how you would pay for that A/C? Wouldn’t it be great if you had no outstanding debt and you had an emergency fund to dig into? “That’s pie in the sky thinking”, you say. You might be surprised at how quickly you can get yourself in that debt free position. It sounds heavenly doesn’t it. To have no debt besides a house note and maybe a car note. Most people who have accomplished this in their lives say that they knocked their debt out one credit card or note at a time. They did without some frivolous things and chose an amount to sock into one chosen debt or card, while still paying the others normally. It does take sacrifice, but it’s well worth it! Then, when that card is paid off they start with the next one. They pay the normal note plus the amount they were paying to get rid of the first debt all added together and knock that card out of the park. And so on and so on. Before you know it, you are amazed at the debt that is paid off!
Along the way, it’s also smart to put back a set amount of cash for an emergency fund. It doesn’t have to be a large amount. I never spend my coins and am amazed how quickly they add up. Some people may only be able to put up ten dollars a pay check, but when something goes wrong, that money is a blessing. As your debt is paid off, you will be able to put more cash back and have quite a nest egg.
I have lived on the credit rollercoaster before and it was unbelievably stressful! Please think about adding these strategies to your life. If that personal disaster does hit, you will be in a much better position to handle it. And if no disaster hits…think about living life without the stress of personal debt hanging over your head!! What a great way to live!
In coming days and weeks I plan to give you other tips for making life more peaceful through preparedness. Not every post of course. That would get too dry and I like to have fun too much!
Here’s hoping that we can stay cool.
Praying for our nation.
A Proud Texas Daughter
PS..I have to give credit to Jack Spirko at The Survival Podcast. He’s been a great mentor!