The news stories pointed out banks in Greece were only letting people withdraw the equivalent of $66.00 USD. Not real sure what the prices of food, gas and other items are there but take a minute and see if you could live on $66.00 a day…….. Quick math….. $462.00 a week?...... $1,848.00 a month?..... $22,176 a year?!?!?! Reports are already stating the banks cannot guarantee how long the paper money can be found to keep “letting” everyone withdraw $66.00 a day. If the banks can keep paper money flowing into and out of the ATM machines? This means even if you have a hundred thousand in the bank you only get $66.00 a day, welcome to the other side of life!
Yes for some of us this is a bizarre thought; you go to the ATM and the only amount you are “allowed” to withdraw of your own money is $66.00. To all of us living in the USA, yes this can happen here also! YES IT CAN!!! That means you have to work with $66.00 a day or you have to work with what you have on hand and the $66.00. No your credit cards will not get you through this one as Greeks are finding out.
When we are discussing planning for emergencies we are not focused only on the end of the world zombie attack or an asteroid showing us how it felt to be T-Rex seeing the big fire ball coming down from the sky. We plan for everything we can by having a solid foundation. If we have some money put away the money could really help out if the car breaks down, one of the kids gets thrown in jail or the financial system you live under collapses! Having extra in the fridge and pantry would really make a difference for people in Greece right now. I watched and read reports of hoarding already taking place this morning.
“Some of us are barely making it check to check and cannot put any money away?” Yes you can, we all can. Fixing your financial situation at home should be a priority, before you spend any money ask yourself “Is this a WANT or a NEED?” but that concept is for another day. For right now think about all the change you have around the house, collect the change, the money you find in a pair of jeans after they are washed. Toss all of it into a jar. Then put the jar somewhere you cannot see it, if you can see it you will spend it. In most cases the money you collect is already been budgeted in and ‘spent’ so you should not miss this money.
If your budget allows $6.00 a day for a pack of cigarettes, they cost $5.50, you now have $0.50 to put in the jar. The next day you toss in the $0.50 for that day and now you have $1.00! You get the idea. We add the $1.00 to the $66.00, when the crisis hits, for $67.00 and just maybe this is enough for your family to make it through the day? Over time you will be surprised by how much money you can collect this way. SIDE NOTE: no judging here, some of us still smoke and you are not allowed to judge!
We all know at some point the crisis will lead to violence if the powers that be cannot come to some sort of agreement. With hoarding already taking place, people will not be able to find what they need; this will also lead to violence. If you have planned ahead your ‘NEED’ to go out and expose yourself to the situation will be decreased.
Having planned ahead will give you more to work with. You will have more options when the options start to be limited. $66.00 a day will go further if you do not ‘need’ to go to the store every day for the days meals. Prior Planning Prevents Poor Performance.
As Always,
Stay Safe!!!
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