Reply #29: You are the ideal, in my opinion [View All]

[Mike03]

I would give anything to be able to cut my expenses to the level you are talking about. I'm trying to do that, but finding it difficult. Hopefully soon I will get there.

To me, this is an important thread. Maybe some of us here could learn something from the tactical approach others here at DU are taking to this spending crisis.

One thing I did do right, and still recommend (although it sounds bizarre) is hoarding essentials. In the 1990s I began stocking up on things like clothing, and in the 2000s I began stocking up on and rotating food, water, medical supplies, fire extinguishers. The bottom line is that, at least for now, the bulk of the "commodities" I have were purchased when they were much cheaper than they are now. For example, I have a lot of basic clothes like pants and shirts that have never been worn and that were purchased ten or twenty years ago when I was still in school. But I think it's still important to be thinking in this way, because inflation will continue, perhaps at an exponential scale.