Ah, Groundhog Day. This is the day that the groundhog comes out and if he sees his shadow we get another few weeks of winter. At this point, it looks like we are in for at least a few years of a financial winter with the cold, dry realities of people being laid off and workers hanging onto their jobs for dear life. Like the groundhog who manages his business by living underground and coming out for food, water and material to build his lodging with, we will continue to strive to make money, stay in business and for our own financial survival go to ground by trying to save money and hold onto what we have got. Some reminders to my fellow and sister groundhogs:
1. Make sure in your financial survival planning that you still cover payments for food, shelter and clothing and things that will cost you more if you don’t take care of them:
a. Medical insurance – stop grousing about how expensive it is – if you need to spend two hours in a hospital emergency room in a bed you might find yourself in a worse case than if you had a $10,000 credit card debt.
b. Auto insurance – unless you are planning on skipping town if you are in an accident, you better make sure you have at least bare minimum coverage. I know a lot of people are dropping their insurance but you need to have something or if you are caught in some states they will yank your driver’s license.
2. Find something inexpensive that you can do to stay sane. Try knitting, learning a new skill that you can do that doesn’t cost anything. Try juggling, pottery, etc. Things that will force you to use your hands will also help you focus on getting out of your head and stop worrying over things that you can’t control. It will keep you relaxed and keeping you from beating the wife and kids and kicking the dog – or groundhog.
3. Keep cans of food and water and home and make sure that you throw out expired food.
4. As part of bill paying, if you are in a cold climate, make sure your heating bills are paid. This has been and looks to be a bad winter for some parts of the country. Places like Kentucky are getting hammered by the cold as well.
Like the groundhog, we will make it through the winter of our financial problems and as long as we have food, clothing and shelter and an attitude that we will make it, we will make it. Right? And like the groundhog, let’s pretend we don’t see our shadow so we can try to get out of this supply destruction phase of our economic travels a little sooner than later..
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Kim Isaac Greenblatt
Ground Hog Day and Financial Survival
Tags: Business, financial survival, groundhog day, money
Thanks for the post is was very insightful.