Food Storage: A High-Interest “Forced” Savings Plan

Let’s face it… saving money can be difficult.¬†Especially if you’re not rich.

Even if you are putting money into a separate bank account that requires your partner’s signature to transfer… the money somehow finds its way into our checking account to cover the cost of some “necessity.”

Food storage, however, offers a way that “forces” you to save. Stocking up on extra rice, protein supplements, pasta, beans, dried fruit, canned food — foods you are eating already — is just another form of saving money. (Same goes for toilet paper, tissue paper, and toothpaste.)

Once you buy yourself an extra 50 lbs of rice it’s really hard to turn that back into cash. It would just be too much hassle to sell it to a neighbor. And hauling 50 lbs of rice back to the supermarket for a refund isn’t exactly fun.

Of course, in a real food crisis, you might find it quite easy to sell that 50 lbs of rice for two, three, or four times what you paid for it.

But even if a worldwide swarm of locusts never wipes out all the crops, food storage can still be a “high interest savings account” when you account for the rising price of food.

If hyperinflation hits, food prices could go up ten times. But you could continue to live off the food you purchased before the increase — saving you hundreds or even thousands of dollars.

And, of course, if the currency collapses completely, I’m sure you’d rather have $5,000 of freeze-dried food in your basement than $5,000 of worthless money your bank account.

Don’t be scared. Be prepared.
-Survival Joe

P.S. While it might be easy to justify why you need to take money out of your savings account — food storage adds a welcome obstacle to depleting your savings. Check out Food Storage Secrets to find out how to start saving a portion of your income as food that you can eat.