I saw this coming years ago (not trying to brag, I’m just a pessimist and am rarely disappointed). I had already been laid off twice 10 years apart, so we’d already taken to living defensively.
The key is NO DEBT. We paid off the house with my severance the last time I got laid off 5 years ago. We’re both still employed so are socking money away like mad.
Tips and tricks:
1) stay married if you can. Divorce is expensive.
2) Coupons and store sales, combined if you can
3) brown bag your lunch
4) buy what you need but only on sale
5) know where your money is going, it’s easy to waste it via carelessness, especially if you work\
Exactly! Buy a house you can afford in an area with low taxes. Buy a car you can afford. Don't borrow for education either.
If it isn't too inconveeeenient -- go Galt!
Just wondering, if hyperinflation does hit then wouldn't being in debt not matter?
What's $40K when you can pay it off with our equivalent of
So wouldn't it be better now use the money you would have used to pay your debt and use it to buy gold, guns, etc. instead?