I was reading through this article on Yahoo this past weekend. If you just skim through it you can see that basically the prediction is that we are barely in a recession now and that the worst is yet to come.
I’m not a debby-downer but I do think that it’s smart to prepare for possible higher prices, not only with food and grocery items but with electricity, health and beauty products, and more.
During the next month we are going to go over a practical approach to food storage, easy self sufficiency, basic homemaking skills, and more. If you have an idea for a post you’d like to see during this series, feel free to contact me and let me know!
Over the past couple months I’ve watched food prices closely. At the beginning of this year I read an article about how we would see a 3-5% increase on food prices over the course of this year with the biggest increase being in dairy products. I buy non-hormone cream cheese in a 3lb bulk block. In January I paid $7 for the block, now I pay $10. That’s not a 5% increase…that’s 30%!
In my practical mind, if I read an article that says the worst of the recession is yet to come I know that it’s probably a smart idea to prepare for that time. It’s the same concept as we use in couponing, if you can get a product for free or cheap, you stock up. It’s better to pay very little for a products when you don’t need it than have to pay a high full price for it when you do need it.