A budget prepping plan can bring you peace of mind and financial security by helping you prepare for life’s unexpected events. With a budget prepping plan, you can be prepared for emergencies as well as short and long-term goals. Plus, you can ensure you have all the essential items you need to maintain your everyday life. But if your budget is tight, it can be hard to know where to start. Luckily, there are several strategies to create a practical budget prepping plan, no matter your financial situation. This article provides easy, step-by-step instructions for creating your own prepping plan on a budget. Read on to learn how to make a plan that’s practical, manageable, and effective.
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Manage your prepper budget effectively. Learn about cost-effective prepping, budgeting for sailboat survival, and maximizing your financial resources for long-term preparedness.
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Introduction:
Introduction:In today's uncertain world, being prepared goes beyond just stockpiling supplies and honing survival skills. Financial preparedness plays a crucial role in ensuring stability and resilience. While having a robust emergency fund is vital, exploring additional income streams can provide an extra layer of security. For stay-at-home moms, the flexibility of internet marketing presents a unique opportunity to earn money from the comfort of their homes. In this article, we will delve into the importance of being financially prepared and introduce the course "Internet Marketing for Stay-at-Home Moms" as a valuable resource for acquiring the necessary skills.
1. The Significance of Financial Preparedness:
Financial preparedness forms a key pillar of overall preparedness. When unexpected events occur, having a solid financial foundation can alleviate stress and help meet the demands of challenging situations. Preppers understand the importance of being self-reliant, and a second income can provide a valuable lifeline during emergencies.
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There are thousands of websites dealing with Crypto currencies. Here are some of the more useful ones.
Binance's Glossary of Crypto Terms - https://academy.binance.com/en/glossary
An excellent, up-to-date glossary of all the terms for Crypto.
CoinGecko - https://www.coingecko.com/en
Up to the minute crypto prices for the top 100 crypto, with trends (1 hour, 24 hour, 7 day), 24 hour volume of transfers, market cap, and last 7 days graph.
BlockChain - https://www.blockchain.com
Wallet, Exchange services, and blockchain explorer.
- Wallet for holding your crypto online.
- Exchange to buy & sell crypto (although I use Binance).
- The Explorer allows you to enter any address and see the balance and history of that address.
EtherScan - https://etherscan.io/
"The Ethereum Blockchain Explorer". Very similar to Blockchain allowing you to explore the Ethereum blockchain.
Real Vision - https://www.realvision.com/crypto
Free online video channel for everything Crypto
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To buy and sell Crypto you must have an account on an Exchange.
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Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin (BTC) transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange. In February 2014, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors. In April 2014, the company began liquidation proceedings. Mt. Gox announced that approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time. Although 200,000 bitcoins have since been "found", the reasons for the disappearance - theft, fraud, mismanagement, or a combination of these - were initially unclear. New evidence presented in April 2015 by Tokyo security company WizSec led them to conclude that "most or all of the missing bitcoins were stolen straight out of the Mt. Gox hot cryptocurrency wallet over time, beginning in late 2011." |
The exchange will allow you to submit money from your bank or credit card, and use that to purchase crypto. You can then keep the crypto on the exchange so that you can sell it again, but exchanges have been hacked and it can be risky. See the story of Mt Gox to the right. Best practises are to transfer it to a wallet.
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Storing Bitcoin & Crypto
Exchanges are businesses that buy and sell crypto currencies. Opening an account usually involves providing proof of your identity. Most of the big exchanges are safe places to buy & sell crypto, and can transfer your native fiat currency from and to your bank account. Exchanges have a drawback in that there are plenty of people trying to hack them, as they have a lot of money. As such, keeping money there increases your risk.
Hot wallets are places to hold your crypto currency. They allow you to receive money, send money, and view your current balances. Usually installed on your computer, mobile phone, or a tablet, they are secure against hacking, but you have to be cautious that your devide is not stolen or hacked.
Paper wallets are a type of cold wallet. Printed out on paper they have your public address and your private key. These are some of the most secure forms of storage, as long as the paper is not lost or stolen.
There are also USB based cold wallets that are very secure.
Mycelium
There are many hot wallets available. My preference is Mycelium. It is available on Android and iPhone, and can hold Bitcoin and Ether.
Here is a simple 10 minute video on Bitcoin Basics: How To Set Up Mycelium Wallet & Live Transaction Demo.
Here is how to move money from a paper wallet (also called "sweeping") into Mycelium, or to send it to someone else - Sweeping a Bitcoin Paper Wallet with Mycelium Phone Wallet app.