Readiness for an economic crisis is determined, first of all, by personal psychological preparation. After all, self-organization allows you to prepare for any collapse and adequately perceive the changing economic situation.
Preventive steps
First of all, you should create an emergency supply of essential waste products. Such products include long-term storage goods (cereals, canned food, salt, vegetables) and drinking water.
In private households, it is recommended to make a stock of solid fuel, oil products - this will provide yourself with heat during cold weather in the event of an interruption in the supply of energy carriers (gas, electricity). A stock of matches, candles, batteries and lanterns will also come in handy.
Particular attention should be paid to the stock of household chemicals and medicines that are necessary for the provision of primary health care.
Solving money issues
Having provided yourself with the products of vital necessity, financial issues should be resolved. First of all, you need to create a strategic reserve of funds that will be used in the event of job loss in case of job cuts or bankruptcy of the enterprise.
If you have accumulated funds, then you should think about saving them. It is important to understand that during the global economic crisis in the country, the national currency depreciates, or it may simply stop functioning. But the international banking system will still work, and you can invest your money in its banks or state banking institutions. You can also buy precious metals from reliable banks - this will allow you to save your funds with minimal loss.
But what if there is no money? Indeed, today many families do not have real opportunities to save money and live from paycheck to paycheck. In this case, you need to review all the costs that are present today and highlight those costs on which you can save.
With regard to debt obligations, first of all, small amounts of debt should be repaid - this will provide support to private creditors in the event of unforeseen difficult financial situations. But large bank loans should not be delayed either. Do not hope that during the economic crisis the banking system will collapse and all debts will be automatically written off. Even if there is a financial collapse of the credit bank, the banking system will find ways and methods to recover debts.
No one can predict when the economic crisis will come. But by regularly analyzing the economic situation in the country, one can first prepare for the onset of a severe economic crisis.
