I am not an economist or even a financial guru, but I am a mom. I have survived the 70’s, the 80’s and Reaganomics, and even the boom of the Internet in the 90s while managing to never go hungry. However, after the aftermath of natural disasters, bailouts, a 10 year war along with more bad weather to come, I am wise enough to realize I have to make some smart changes.
The first thing I did was update my resume.
The second thing I did was started looking for ways to cut back on my spending.
Third, I started looking for items around the house that were taking up space and not making me any money.
Fourth, I purchased canning jars and pectin.
Last, I evaluated my assets.
Why you ask? Things are about to get really tough.
If you are watching the news very carefully, you will notice that each day, there is another company starting a round of layoffs. This means a saturation of more unemployed and a shrinkage in the number of jobs available to the “unspecialized.” Further, pay attention to the amount of damage that was done by Hurricane Irene up and down the East Coast. FEMA is out of money. Insurance is only going to cover as much, which is probably going to mean an increase in your insurance rates. But wait, there is more. The Northeast corridor is our beds for Blueberries, cranberries and other items we use to make non orange juice. Around the corner Hurricane Katina is off the shore of Africa. We are only half way through the alphabet, there is still L- Z.
In all honesty, I am scared. I am scared for our children who are about to experience and economic downturn they just will not understand. There will be many who will not understand. I am writing out my thoughts so that I may help you understand what I am thinking. I am going to take you step by step. My first step was to update my resume. My updated resume is necessary so that I can start acquiring from freelance work. I can freelance as a ghost blogger for higher education and many other sites. I started with the Chronicle of Higher Education, since that is my area. I obtained a free membership. I also looked at other organizations where I have memberships and updated my profile. I even updated my profile on Linked In. If there is someone out there looking for what I can do, I can easily score some part time work or projects to make a few bucks.
Please keep in mind that just because companies have to lay off employees, they still have a company to run. They contract out the work. The company must go on if it can. I am willing to do my part to help American companies keep going, even if it is a project at a time. If companies are looking for ways to cut back on spending, then so should I.
I started with my stupid cell phone. I am either going to go prepaid or back to a standard dumb phone. I have a tablet with apps. Apps are over rated and I have other things to do that to sit around diddling with my phone. I started practicing on my buttercream frostings and baked goods at home. A few eggs, some butter, sugar, add flour and I have a dessert. Add some flavorings and it is whatever I want it to be. Adding Cocoa makes it chocolate, adding lemon extract makes it lemon flavored. Payday, I am headed to Big Lots and the Dollar Store to purchase whatever fillers, extras and additives I need to have on hand for whatever I can possibly think I would want to go out and eat. I am eating at home.
Of course, with this much new stuff coming in, I have to make some room. I started with the shed. We scored a cool $400 bucks for some truck tires that I listed on Craig’s list. I think you can buy a mother on Craig’s list. Hubby started to look at me suspiciously, yes, he is right; I was looking at more of HIS stuff to sell. Of course I’m not selling any of my stuff, what is wrong with you? Anyhoo, moving on….. I went to Wally World and purchased more canning jars. This weekend I am headed to the market to buy more fruit. I don’t know how to preserve anything other than my shoes. The formula is basic. Simmer, add sugar and pectin, bottle, drop bottle in hot water, remove bottles; wait to tops to suck in. Then you cool and store. If not, I am headed to 2nd and Charles to find a book on preserving. Hey, while I’m going that way, I am going to take some books to sell. See, Hubby, I can be fair.
Now, I am looking at my 401K, my stocks, the bonds, and even some stocks that I have certificates, I may cash in just to hold on the actual dollars. I am evaluating my net worth. I kind of feel like Carrie on Sex and City when she realized she spent $40k on shoes. I ain’t worth Jack Schitt. I think I may add some rims to my Ford to increase its value.
I am not an alarmist but a realist, but I am buying a 20lb bag of rice.
It is time to stock up the freezer and the pantry because it is going to be a bumpy hurricane season, a bad winter and poor Spring harvest.
I am telling you early. You will thank me later.