Gas: Six Bucks a Gallon
On April 20, 2011, CNBC reported that six dollars per gallon gas is a real possibility by summer.
As the dollar slides, and the prices of basic commodities skyrocket due to a variety of economic factors, one is left wondering what to do to maintain some financial normalcy in our lives.
We can look to past generations for those answers. Most parents of Baby Boomers grew up during the Great Depression and were accustomed to a frugal lifestyle. Answers to the challenges of 2011 can be found in the 1930's. They may not be easy, but they are effective.
Prepare yourselves, your families, and your homes to be a harbor of stability in a tumultuous world.
Some advice includes:
Buy extra non-perishable foods each week and store them in a cool, dry place. Buy foods that you like and are used to. Most wet-packed canned foods, such as vegetables, sauces, and soups, have a shelf life of several years. Canned meats such as tuna or ham can be kept for at least one year.
Dry pasta, rice, instant potatoes and be kept in the pantry for two to three years. Flour, cornmeal, and instant baking mixes can be kept for about six months, one or more years if you put them in the freezer. Cookie, brownie, and cake mixes can be kept for at least a year. Shortening will last for three years.
Oils should be used within three months once opened, but will last for about six months unopened. Powdered milk and formulas are good if you have babies and growing children. If the kids don’t like the taste of powdered milk, keep several containers of chocolate and strawberry flavored syrup handy. A dose of comfort and pleasure will go a long way in times of stress. Don’t forget to stock up on extra food for your pets.Continued on the next page