Yep. Scares me. That's why I mention looking at what I got, what I need, what I don't need, etc. There is another thread somewhere talking about folks cutting back, etc etc. Well, I know that we have been cutting back. I've got a great job and I think my job is pretty much economy proof in terms of having a job. But if the economy really tanks, then the way, and how much I get paid could change a lot.
And its not like we're planning the mother of all yard sales or anything, but I still think it wise, during times like these, for people to pay attention to their job security and their assets. And without getting preachy, I think the single most important way to be prepared for economic bad times is to be as free of debt as possible. We used to be very good about that...not so much now.
So back on subject, when it comes to looking at ways to minimize or pay down debt I look at what I could get rid of. The tractor always comes to mind. When I first got it, I considered it purely as a luxury. The longer I have it, the more that I, and my wife, consider it to be very important. And since its paid off, it doesn't end up on the short list.
And on an even more pessimistic level, if the economy really did go belly up, I mean really bad, how many of you would consider a tractor as a good thing to have at that point? It might be a commodity that even helps you get through a depression. Maybe?
