We are living in an economy that has been in recession for over 10 years, yet the prices of some things have actually seen a rise.
Although this is worrying, it can be overcome. By purchasing certain items before the predicted recession, you could have a bigger bank account to fall back on if times get tough.
Do you know “what to buy before a recession?”
Check out our list of items to ensure your finances are covered at all times.
1. Solar Panels
These are great for saving on electricity. This is because they make your home more energy-efficient.
They decrease your utility expenses by enabling you to use the power of the sun to provide electricity for your household.
It also works in cases of power failure or if the power grid goes down. Solar panels are usually good for 20 years after purchase, so they’re a long-term investment that pays itself back in no time. They’re generally easy to install, with most companies even offering free installation.
2. Water Storage Tanks
This is another long-term investment that enables you to be more prepared for unexpected situations, especially during cold seasons or drought periods.
It provides water supply and storage at a low cost and thus is good for both household and commercial use. It is made of all-welded steel or heavy duty galvanized steel containers.
These tanks are airtight to keep bacteria out, while the inner container is lined with manila paper for rust-protection. On top of that, you can also get this type of tank painted to match the exterior of your home.
Generators are strong complementary equipment that can get your family out of an emergency situation.
They operate off natural gas or diesel fuel, using them to produce electricity in emergency situations like power failures, building collapses or earthquakes.
Generators are small and lightweight, making them easy to carry from one place to another. They also require little maintenance, enabling you to use them for a long time without any issues.
In case you start wondering about the safety of these generators, rest assured. In recent years several safety features have been added to make sure that people can safely use them.
They also tend not to emit harmful substances into the air during their operation, enabling your family’s health and well-being to remain unaffected.
Also, many models of generators now come with a built-in carbon monoxide detector that will warn you if there is a problem with gas supply or if carbon monoxide levels in the atmosphere exceed those recommended by law.
4. Back-Up Heating System
When you think of a back-up heating system, what comes to mind is a wood or gas fireplace. In reality, there are many other options to choose from.
For example, you could get a back-up system that works using infrared heating from electric panel heaters. This way, if your power goes out in the middle of winter, you’ll at least have a method of heating the rooms in your home.
You could also consider installing a combination boiler and water heater in case the emergency lasts for days on end. If this isn’t enough, there’s always the option of going for a portable generator for your home.
5. Bug-Out Bags
A bug-out may sound like a plan for the apocalypse, but it’s actually an important part of any prepping plan.
A bug-out bag is what its name suggests: a bag that you bring with you if the time comes that you have to evacuate your home or if something happens to you that prevents you from coming home.
It contains everything that you need in case of an emergency, including water, food and medicine, so it takes care of most of your everyday needs. Some bug-out bags are portable while others are designed for storing in a basement or closet.
6. Emergency Survival Kit
This kit may consist of items such as batteries, matches and candles. You should also include a first aid kit because it can be used to treat minor injuries, especially those sustained during a bug-out.
Other items that you could have in an emergency survival kit are a survival blanket for warmth and a pocket knife to cut your way out of a dangerous situation.
While these items could help you in an emergency, it is essential to include emergency contact information in the kit.
This includes the contact details of your relatives or close friends who can help you get home or receive medical attention if you become injured or if your injury becomes severe.
It would also be good to include business cards of various services like hospitals, fire stations and police departments.