Art
03-07-2022, 10:38
It looks like this economic mess is going to last for a while. What are you folks doing to mitigate the damage?
We have made some changes, or maybe in some cases moved some purchases up. I'm thinking inflation well over 10% unless the Russo - Ukrainian war is resolved quickly, which isn't likely.
Any big ticket items (or not so big ticket items) that are "on the list" we're buying now, I'm having a garage door opener I've had sitting in my garage for a spell installed today, ditto the wife friendlier generator has already been bought instead of waiting until closer to hurricane season. Since we can shop electrical power here (I know we're unique that way) we locked in our current rate for two more years. We've also checked out our food supply and are going to add to the prep stash before the cost goes up again. The Rooskies supply 1/3 of the world grain supply so the bread we use, which is a bit of a specialty item, we're going to buy a good bit of and freeze, some flour would be a good idea too. Of course there isn't going to be a lot of recreational driving with gas up to near $4.00 a gallon here, and yes I do know its a lot worse other places and is going to continue to get worse before it gets better.
Those are just odds and ends that have already come to mind. You're thoughts?
We have made some changes, or maybe in some cases moved some purchases up. I'm thinking inflation well over 10% unless the Russo - Ukrainian war is resolved quickly, which isn't likely.
Any big ticket items (or not so big ticket items) that are "on the list" we're buying now, I'm having a garage door opener I've had sitting in my garage for a spell installed today, ditto the wife friendlier generator has already been bought instead of waiting until closer to hurricane season. Since we can shop electrical power here (I know we're unique that way) we locked in our current rate for two more years. We've also checked out our food supply and are going to add to the prep stash before the cost goes up again. The Rooskies supply 1/3 of the world grain supply so the bread we use, which is a bit of a specialty item, we're going to buy a good bit of and freeze, some flour would be a good idea too. Of course there isn't going to be a lot of recreational driving with gas up to near $4.00 a gallon here, and yes I do know its a lot worse other places and is going to continue to get worse before it gets better.
Those are just odds and ends that have already come to mind. You're thoughts?