It's times like this I am thankful for how I choose to lead my life, and raise my sons.
-I own my home. A used three-bedroom mobile home that cost all of $5000. Very humble.
-All of the vehicles my wife and I own, and we do indeed own them. An '86 Toyota pickup, a '95 Buick LeSabre, a '79 Trans Am, an '81 Ramcharger, and an '87 Dakota.
-We live on 10 acres out of town. The land has been in our family since the mid 1940's. My dad currently owns it, and it will eventually come down to my brother and myself. Therefore, food can be raised, money can be earned, enabling us to survive tough times.
-We have NO credit cards. If we do not have the cash, we don't buy it.
-For now, while I am employed, I work only six miles down the highway, so the high price of gas does not impact us too severely. (Guess which two vehicles I prefer to commute with regularly.)
-The only bills I pay are 1)Power, 2)Landline/Internet, 3)Cell phones, 4)Auto Insurance, and 5) Half of the property tax for the farm. My dad takes up the other half.
I just prefer to keep our finances as simple as we can make them, especially during times like this.