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How have/haven't you changed your behavior in response to the economic downturn

Discussion in 'Strategies, Tactics and Training' started by Cato the Younger, Oct 8, 2008.

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  1. Cato the Younger

    Cato the Younger Member

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    Dear All,
    I figured that I would ask this question on the board, as it seems germane to S&T. How, if at all, have you changed how you have acted in response to economic conditions. For example, I know that scrap metal has gotten more valuable, so alot of people have locked up their air conditioners behind grates. Also, back home, I know that there has been an increase in break ins due to the economy. So, what have you done to increase security in this economic period.

    Thank You.
     
  2. p2000sk

    p2000sk Member

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    I've been strongly considering another fs2000 bullpup chambered in .223remington. But then, I could also use the money to buy a like 10,000 rounds of ammo. It's a tossup.
     
  3. p2000sk

    p2000sk Member

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    Recently I've talked with a neighbor and asked them to keep an eye out while I'm at work. We traded cellular phone numbers. Little favors like helping mow their lawn when they couldn't...
     
  4. Treo

    Treo member

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    Havent really changed much in the way of security, putting more emphasis on buying ammunition for the guns we have vs. buying more guns for right now. stocking up on staples. and collecting all of our brass when we shoot.
     
  5. mpmarty

    mpmarty Member

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    Posted our property with NO ANYTHING signs. Installed another remote sensor for our perimeter alarms, bought a new 120 lumen light for the nightstand, made sure the only neighbor in the valley had posted his property also and notified the UPS and FEDEX folks that they needed to call before trying to deliver to the property.
     
  6. the foot

    the foot Member

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    I'm doing less driving, and doing more reloading. In times like these, I believe in having a good supply of WRM.
     
  7. contenderman

    contenderman Member

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    Not going to as many matches as I'd like to. Also, trying to car pool to spread out the expenses.

    Watching for ammo sales and when the prices are good buying in case lots.

    Going out to dinner a little less often.

    Renting movies instead of going to the theater.

    Using the library a lot more -vs- buying.

    Adding insulation to the house.

    'bout it so far, but if things continue to slide toward the proverbial "crapper" we'll have to see what else we can do differently. :banghead:
     
  8. bikerdoc

    bikerdoc Moderator Staff Member

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    Retired,
    try to lead a quiet life.
    Love my wife.
    Watch my money carefully. Stockpile essentials. Do essential repairs.
    started a small knife sharpening busines, sit on the porch with my rotweiller and a couple of guns, carry my cane everywhere, will help anyone I can, spoil the grandkids, but will not tolerate any nonsence from anyone.
    Try to avoid trouble, at all costs , but if you want some I can hook you up with a good beating.
    Essentially leave me alone and everything will be fine
     
  9. wuluf

    wuluf Member

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    Two things:
    1. Bought a shotgun, only had handguns before, just felt like it was a good time to buy one and
    2. I'm in a service industry, and I'm doing more to show the value of my work to customers..it's getting harder to keep customers these days...
     
  10. armoredman

    armoredman Member

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    Networking with the surprising number of co-workers in the area. Making sure all bills are paid, and no new debt. Adding to basic supplies slowly.
     
  11. threefeathers

    threefeathers Member

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    Not in any way. In fact I'm making more and taking advantage of cheaper gas and cheaper bullets.
     
  12. boomvark

    boomvark Member

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    Stocking up on ammo, hand tools, and heirloom seeds.
     
  13. theotherwaldo

    theotherwaldo Member

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    Paying off the house, fixing the fences, getting everything in order, and going to work.

    Maybe a black rifle next Saturday at the gun show. We'll see what they have.

    Not much change for me.
     
  14. Hook686

    Hook686 Member

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    For all you folks that pride yourselves on having no debt, for paying off your house, for being frugal, think about this ... taxpayers are being expected to absorb the debts of those citizens and corporations that over indebited themselves. In otherwords the few that have a modest savings will be spending it on the bail-out ... who else has money to pay the bill ?


    The poor have no money. The indebited have lots of stuff, but no money to pay for it. The rich have tax breaks and even one candidate for president promoting more tax cuts for this group.

    I think this leads to only one source to repay this 'Bailout'. I think it might be wise to be sure you have food, clothing, shelter, a source of enegy and the means to protect these things in the future.

    I have bought a hybrid SUV in the event I need to relocate. It is enegy efficient and has a large battery. I have bought three solar panel arrays and a bushel box of rechargable batteries. I bought a carbine/handgun in the calibers I reload. I keep a stock of powder, primers and bullets on hand for those calibers. I fear it will be getting much worse (reminds me of the posts on Argentina by ferfal) see: http://ferfal.blogspot.com/ .
     
  15. JWarren

    JWarren Member

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    And...?


    If taxes go up to pay for the bailout, do you think you'll be exempt if you have debts?

    I'd MUCH rather have no other debts if I am going to be paying more anyway. It still comes down to being in a better and more secure financial position.

    If I read your post correctly, I think you are simply reminding us that getting out of debt does not shield us from this economic downturn. In that, I agree wholeheartedly. A guy with no debts can still lose his job when his employer goes under or downsizes.

    This is the reason I have always (before I retired) advocated healthy cash reserves-- usually between 3 and 6 months of combined income-- depending upon job security and/or volitility of the industry you are in.


    -- John
     
  16. Fred Fuller

    Fred Fuller Moderator Emeritus

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    Folks,

    The title of this subforum is "Strategies & Tactics," not Entertainment Tonight. Let's stay on topic, please.

    The issue at hand is, how have you CHANGED your behavior (if at all) to increase your security during this time?

    lpl
     
  17. LSCurrier

    LSCurrier Member

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    Put off buying a LMT carbine to buy a high-end computer for my business. :(

    Luke
     
  18. ZeSpectre

    ZeSpectre Member

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    The wife and I have worked hard to remain frugal and minimize debits (Mortgage and her student loans are all we have left right now) so we aren't "owing" to these failing banks and financial firms. We're keeping more paper cash on hand than we ever did before.

    We bought a house we could afford on a 30yr fixed rate mortgage and are doing improvements in the "pay as you go" style (again avoiding debit).

    I moved over to reloading, she's switched her gardening from flowers and decorative to veggies and other edibles.

    Damn, I don't know what the hell more we could do to run a tight ship. I'm trying hunting this year (for only the second time) and I'm not sure that'll actually save us anything since if I'm lucky we're gonna need a deep freeze to store the meat.
     
    Last edited by a moderator: Oct 9, 2008
  19. tinygnat219

    tinygnat219 Member

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    I minimized spending in other areas. Stopped going out to eat so much, bringing my lunch to work, combining trips, and increasing the pay down on real debt. I like the idea of having extra cash around, so that might be something to consider.

    For the most part, I already had my credit problems in the earlier part of the decade and have cleaned those up. Like Zespectre, we have the mortgage, my stupid (student) loans, and 1 car note. I also don't go to the range as much and try to trade firearms instead of buying something new.

    One other thing I'd recommend. Bank with a Credit Union. They have the same kind of insurance, but have generally been more conservative in their investing, and they DID NOT MAKE STUPID Sub-Prime loans to people that couldn't afford them. You will have slightly lower rates on both Credit Cards, and on mortgages.

    Oh, now is also an EXCELLENT time to buy stocks. I just picked up 400 shares of S&W stock for 2.83 a share. I plan on selling when the stock rebounds.

    Ammo, well I have enough of that for now.
     
  20. M2 Carbine

    M2 Carbine member

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    I haven't done much.
    Early on when the bottom began to fall out I transfered all my savings out of stocks to "fixed funds". I don't make much interest but I lose nothing.

    Many years ago I stopped financing anything and began paying cash for everything, house, cars, etc. It's amazing how far your paycheck goes when you stop dropping a good portion of it in the toilet every month in the form of finance charges.

    While working I saved as much as I could, 401K, etc, while still buying most anything my Wife and I wanted.
    I never made "good money" but by trying to use what I made wisely, money later on in life is no problem.

    Now affording a gun or ammo is no problem, having a place to put it is the problem.:D
     
  21. Webbj0219

    Webbj0219 Member

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    For me we got motion sensors lights for the front of the house. I bought a few mag lights, a big poppa mag light for checking the house and yard out at night. I can use it as a club if i need to. And a mini one that comes with a pouch i can carry on me most of the time. Commute to work on my bike. Its amazing how much money you can save without a car, probable like $600 a month extra for me. But I work second shift now so i ride home at night right through Sparks and Reno and some very sketchy neighborhoods. So i started carrying on my bike commute. Ride with a .38 snub, open carry so I dont get my sweat all over it. thats about it.
     
  22. shouldifail

    shouldifail Member

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    great lakes state
    the mrs. and i have been working our butts off, minimizing spending, and putting our spending cash into things that can be "used". ( i just got a basic reloading setup, wife just got into gardening)
    we're in the process of buying a new home which is double the space of our old house, but with a payment 1/3 the size. nice sized fenced in yard with lots of room for gardening, lots of storage for water and drygoods.
    we generally buy things on sale, and if we don't need it, we don't buy it.
    also, if we can't pay cash, we don't buy it.
    aside from 1 car note, and a mortgage, we are debt free.

    i have also been considering turning some of our US dollars into foreign currency should the dollar get really bad.

    i suppose more than anything we're doing more to be self sufficient, and trying to live even more within our means.
     
  23. mgkdrgn

    mgkdrgn Member

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    Not much, actually.

    I took the vast majority of my 401K/IRA stuff out of stocks and put it into cash equivalents/bonds about 2 months ago. I'm only about 10% in the market now, waiting until at least after the election so I can buy back in to about 50% or so cheap.
     
  24. springmom

    springmom Member

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    Not a thing except worry more about our retirement. If Archerandshooter makes partner in his firm, they have a mandatory retirement age for partners, and that would give us a bit less than 5 years to get our, um, stuff together. When the Dow dives below 9000 that thought will cause sweaty palms for sure.

    Other than that, nothing. Civilization isn't going to tank just because it's tough times. We all managed to survive the OPEC embargo, then Jimmy Carter, then the dot com bubble bursting, then the recession in 2002.... and we're all still here.

    I'll be as ready as I ever am, no more, no less.

    Springmom
     
  25. twoclones

    twoclones Member

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    Haven't made any changes at all.
     
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