Everyone knows times are not good and although we’re told they’re getting better – they clearly seem to be getting worse. I’ve recently had an experience that has severely highlighted financial preparedness for me, I’d like to share the lessons I’ve learned in the hope that others can avoid my current situation – allow me to give you some background:
The company I’ve been working for was financially stable – strong even – several months ago. We weren’t worried about the economic crunch and were certain we’d move through it. My wife and I had a financial reserve that we were actively growing, but not aggressively. Certainly not as aggressively as we could have been. In fact, we had become fairly complacent in adding to it. While our long term food storage was fully stocked, we live off our 3 month supply and rotate through it – replenishing monthly or so.