Money Needs During a Disaster

Money is an essential part of survival. It allows you to purchase basic necessities to sustain your life. Any emergency situation will impact the amount of money you have as well as its worth. You’ll spend to replenish your goods. Products that are high in demand will surely skyrocket in terms of price.

The basic rule for every survivalist is to always have cash on hand. Emergency situations may leave your city without electricity, which means that you can’t withdraw from ATM machines nor can you perform cashless transactions. Transactions will most likely be cash-based so it helps to have some physical cash on hand.

Keep your handful of cash in a safe and waterproof pouch so that it will be protected. Scout for local stores that are well-stocked and can perform transactions even if there’s no electricity. You can also use the money to buy food and other staples from a neighbor who’s willing to accept your cash.

Aside from cash, you might also want to stock up on some essentials that become high in demand during disasters. These items may also be used for bartering later on. These items include batteries, candles, fuel, matches, and ammunition.

You may also barter your services in exchange for goods. For example, you can offer to skin a deer or do first aid treatment in exchange for food. The fact remains that transactions are necessary for your survival during an emergency situation.

A Brief History Of Money


Most historical records show that the first few transactions in human history are barter. Barter involves exchanging products that are deemed of similar value so that the two parties can benefit. For example, if you’re rich in eggs but not skilled in harvesting edible roots, you can swap your eggs for some roots. This flourished into different forms of transactions during the early civilization. It also paved the way for the free market to be born.

Free Market

The free market is an economic system that naturally exists wherever there are transactions among individuals. It characterizes an economic setting that exists without any government supervision, interference, or coercion, hence the name “free.”

In this setting, the prices are determined by what people deem as fair. The prices are influenced by the supply and demand of resources. For example, how many eggs you have (supply) greatly influences how much edible roots you’d want to buy (demand).

The Birth Of Money

The money came into existence when barter became insufficient to attain needs. You may want to buy more edible roots from your neighbor, but what happens when he no longer wants any of your eggs? You can swap out your eggs to attain goods he might possibly need, but that process is just tiresome. As a consequence, money is born.

Money is small and lightweight. It is a means to attain a commodity. Its value is heavily reliant on what society needs. Early civilization utilized gold and silver as money. That’s because they are universally desired, universally recognized, easy to transport, homogenous in a sense that every ounce of the pure metal is the same as any other ounce, and are still retrievable after years of being buried. These pure metals retain their value and consistency over the years.

What Has The Government Done To Our Money?

Gold and silver were perfect money for a while. The problem began when people needed to transport large quantities. The metal weighed down their pockets. The government’s solution was to keep the gold and silver coins in banks.

When people needed money, they can just deposit or withdraw from banks across different branches. It saves them the trouble of hauling bags of coins across borders. This also makes them safer and less suspicious of people who target vehicles filled with gold. The withdrawn amount is represented in paper currency.

People were initially suspicious about paper currencies, but it soon caught on. It’s a very convenient way to keep your money secure while giving you mobility. Coins with diluted pure metals were also created.

Money Checklist

Economic crashes have warning signs before they materialize. Keep yourself updated by regularly watching the news. For extra preparedness, refer to this checklist:

  1. Get some silver
  2. Get a ledger book or electronic budget program for your family
  3. Get a safe for your cash, precious metals, and other valuables
  4. Get a pocket scale for measuring the weight of precious metals
  5. Magnifying glass or jeweler’s loop for inspecting precious metals
  6. Place some cash in the emergency stash
  7. Put emergency cash in the to-go bags that you take when you’re in a hurry
  8. Put emergency cash in all of your emergency kits
  9. Check out auction sites for precious metals that you can get at a cheaper price
  10. Look for sterling silver and other precious metals during real estate sales
  11. Form a family budget and then do your best to stick with it
  12. Pay off all your debts. Unpaid dues accumulate interest and will cost you money in the long run
  13. Convert twenty percent of your money into precious metals
  14. Always keep an eye out for progressions or regressions in the finance world