Shh… don't tell anyone I'm poor. They all think I'm living frugal and green just like everyone these days. This is a blog about a senior citizen living a frugal life, on a fixed income, in a low income food desert, and passing along knowledge from lessons learned. Some she learned from her Grandma Mama many years ago and some learned only a few days ago.
Submitted on 2015/07/07 at 7:40 AM by
NaNa, I am interested in your comment about hard times coming. I know other frugality blog writers I read seem to be feeling the same way. Would you be willing to share more thoughts on the subject? Sometimes I just feel numb to the whole topic of money and budgets and such. I would appreciate hearing anything you have to say about future situations and anything you are doing to prepare. Thank you!
Ok, this post is an answer to this request and for those curious about what I believe. First let me say I’m not a financial expert nor am I a psychic. Its just a feeling I get from observing the way life is. Heck, at my age observing is about all I can do.
I guess you could say I’m a cross breed between a tightwad and a prepper with a little bit of squirrel thrown in too. Its in my nature to hide away stuff for the future because it might be too expensive later.
I remember my Grandma Mama always admonishing me to not use something all at once. Whether it was soap or string or dried beans; she would constantly remind me to save some for the future. I adored my Grandma Mama and wanted to be just like her.
(the word see and the word observe are used interchangeably)
What I say I see is just a feeling that something is going to happen. A feeling that the current economy is not sustainable. I see the cost of everything is growing much faster than salaries are growing. Gas and electric utilities are going up. Water and sewer costs are going up. Groceries prices are going up. Phone bills are going up. Insurance is going up. Rent is going up. You name it and its getting more expensive. Prices and costs keep going up but salaries are mostly remaining the same.
I feel as if there is going to be something happen because the lines at the food banks are growing longer and longer each month while the amount of donated food is less and less.
One doesn’t need to be an economy expert to imagine the trouble of having many hungry people. Hungry people grow desperate. Hungry people turn to other options. Umm…. you know things are getting really bad when there are news reports of home burglaries and the only stuff taken is food from the freezer.
One of the events that led to the great depression was that people stopped buying things. Well heck, if people can’t afford to buy stuff aren’t they going to stop buying? Our economy is based on buying and selling so when people stop buying then there is no selling. No selling means loss of jobs. Loss of jobs means rough times ahead.
Here is an example: A few days ago I was in a Kroger store planning to buy a tomato for a BLT sandwich for supper. I was totally shocked to see tomatoes selling for $3.79 a pound. The price may have come down since then but that day I had to walk away. I couldn’t afford tomatoes. So, if hundreds and then thousands upon thousands walk away from buying those tomatoes, why should the store stock them, why should the farmer grow them, and why pay pickers to pick them. The farmer will be laying off pickers and planters who then become unemployed and can’t buy other stuff they need. In my mind I multiply this one observation by hundreds of events just like it and the future seems bleak to me.
The tv news media are notorious for getting themselves and watchers into a panic. One small news report is repeated, and repeated, and repeated from every possible angle. I believe they actually work themselves into a frenzy repeating the information so much. The viewers start to get into a frenzy too and want to hear more and more angles. The result is that if a reporter is panicked, then the observer will become panicked too.
Do I believe there will be a world wide economic collapse? No but it certainly is possible. It has happened before and no one thought it would happen then either. Do I believe we may be in for some rough financial times before prices come down? Yes, because I’m a frugal person. Anyone who is frugal will be bothered by higher prices and will consider rising prices to be rough times. Rough times, in my opinion, means being mindful of your budget and get ready to have less purchasing power. When you have less purchasing power you must make choices about what you do buy.
How am I preparing for the rough times? That will the next post.