Susan

I have been hearing a lot about a looming economic collapse, and I know that many people are having a hard time because of inflation. I'm not an expert by any means, but I would like to share what I plan to do make my life easier if this happens. I joined this forum to learn more about finances and investing. So the first thing I plan to do is to become more knowledgeable about money, and how to use it to make more money. To make more money, I plan to learn affiliate marketing. I know that it won't be easy, but I realize that I'm going to have to add more income to what I already earn. My next move will be to add more money to my savings account. I've heard that we are supposed have a savings equivalent to six months of expenses. I've also heard others say that we should have at least a years worth of savings. I plan to spend less on unnecessary items to meet my saving goals. It has dawned on me that I am going to have to re-think some of my spending plans. I wanted to do some remodeling, but I can see now that I will have to postpone it. I don't want to have to pay on another loan. I am going to keep my car a few more years also. Thankfully I'm not in a lot of debt, so without making any new debt I should be fine. I also plan to cook more, and not eat as many meals out as I do now. I love to eat out, so I'm trying to rationalize it by saying that groceries are so expensive now that it's cheaper to eat out. Of course I know this isn't true, but it makes me feel better because I hate to cook! These are my ideas and plans for weather the storm. I'm eager to read about how other folks plan to manage through this tough time.

Hi Everyone! I'm happy to be here, and I'm looking forward to learning a lot on this forum.