Are We Prepared?

"The average guy on the street has nothing to worry about, there should be no panic whatsoever." – Gerard Cassidy, banking analyst

The headline today says, "Will your money be safe if the bank fails?" The people interviewed for the article are saying "yes". And yet...Art and I grew up as depression babies. We have a memory of the anxiety of our families as they dealt with difficult financial issues. We are evaluating our own readiness for a more challenging financial future. So, because of that, I have a couple of links to lessons on personal finance. (Check out "Roving the Internet" on the right column of this blog.) It may be time to get serious about the old truisms, "Pay as you go, save for a rainy day, get out of consumer debt." I think the advice regarding "no panic" is valid. I also think that rather than worry, I would like to thoughtfully and step by step become more self-sufficient and stable regarding our stewardship over the resources we have. Repairs and food storage are on our list of items to focus on. What about you?