Financial Prepping

Getting Your Ducks in a RowFinancial Prepping

Financial prepping is a topic that is overlooked by many. Financial security can be the difference between success and failure when the SHTF. Many ardent preppers forget that it’s not just about the beans and bullets. Financial prepping is an essential part of a robust prepping strategy.

A Torrential Downpour

Imagine an economic depression is looming around the globe. Things still seem ok in your neighborhood…so far. Then, without warning, it happens. Panic sweeps across the nation, there is a run on gas, and banks start calling in loans. Your money is suddenly worth so little you can hardly buy a loaf of bread. You start to wish you had listened to your grandmother and saved a few dollars for a rainy day!

Financial Prepping Budget

The first thing you MUST do is start living on a written budget. You no doubt have a list of all the preps you have stored. You probably have a detailed Get-Out-Of-Dodge pack-out list. If so, why wouldn’t you keep a written budget? It’s essential to give every dollar you have a name. You will become insanely efficient when you see where every dollar goes. You’ll find places to “trim the fat” and dedicate more of your financial resources to prepping.

Eliminate ALL Debt

The second principle of financial prepping is to get completely, totally, and utterly rid of ALL consumer debt! Nothing will cripple financial prepping efforts more than a pile of debt. Debt represents a huge amount of risk in people’s lives. Remember Proverbs 22:7, which states, “The borrower is servant to the lender.”

Avoid the Following Like the Plague:

  • Pay Day Cash Advances
  • “Hard Money” Loans
  • Credit Card Debt
  • Home Equity Lines of Credit (HELOC)
  • Auto Loans (or leases)
  • Student Loans (subsidized or private)
  • Any other thing that causes you to live outside your means…

Building an Emergency Fund

Once you have eliminated all debt (except maybe your home mortgage), start to build an emergency fund. We suggest having 3 – 6 months of expenses in liquid cash saved. Your level of job security will dictate where you fall in that spectrum.

Fast Cash

Smart financial prepping takes the emergency fund a few steps further. In an economic crunch, banks will not have cash supplies to meet demand. When the SHTF, you may not have time to hit the ATM. Also, banks and ATMs have a limited amount of cash on hand. So, keeping $500 – $1,000 at home in a safe is good financial prepping. Keep it with your other essential documents (ready to grab in an emergency).

The Golden Egg

I don’t hoard large quantities of gold or silver. That said, I do keep a small amount of precious metal on hand. I do this for two reasons: First, precious metals might maintain value slightly longer than devalued currency in an economic collapse. Second, if I can trade silver or gold in lieu of beans and bullets, it’s a no-brainer.

A Bird In The Hand…

It is more preferable to have a small but certain advantage than the mere potential of a greater one. For instance, consider the following:

  • A paid off, reliable car, with no payment vice a brand new car with $700/mo car payment
  • Slowly building an emergency fund rather than keeping a credit card for “emergencies.”
  • $1000 and change in hand (SHTF) so you’re not walking away from an ATM empty handed. Keep the bills smaller than twenties.

You get the idea. It is wise to learn and practice smart financial prepping. You have to think outside the box. You have to be patient and not give in to instant gratification. Solid financial prepping must be a deliberate effort.

We  know from personal experience what it’s like to work our way out of debt. We know what it takes to put an emergency fund in place.  It’s not easy but it’s definitely worth it! Visit to see what convinced us to change our financial future.

For a free initial consult with Survival Tactics NOW!, contact us here.

About the Author

Greg B. is the president of Survival Tactics NOW! providing professional consultation in survival planning and emergency preparedness. He is an ardent outdoorsman and wilderness survival enthusiast.


  1. Lewis B. says:

    Good stuff. I have been liquid for 6 months worth of expenses for a while. It feels good knowing if the banks shut down, I’m still rolling. As far as precious metals, if you don’t have ’em in your hot little hands, you don’t own it. Many folks think they have metals in their IRA’s in a vault somewhere. Wrong. That stuff is leveraged out 100 to one. I have a decent amount of physical silver for these reasons – The upside seems better than gold. traditionally the ratio is 16 to one, right now it’s like 60 to one (way out of whack). Silver is an industrial metal, so will always have some value there. In a full-on Mad Max scenario, yeah silver may take a back seat for a while, but when society is rebuilding, people will recognize and accept it. Also, it is a GREAT hedge against a devalued currency. Consider this – When the Russian Ruble dropped in value by 50%, the costs of metals to Russian citizens went up by that much. So the fellow holding the metals beforehand lost NOTHING! Peace be with you my brothers and sisters.