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If you’re concerned aboutthe rising cost of living or impending economic collapse, you should start building an emergency fund. Having an emergency fund means you can pay for repairs after a natural disaster or hospitalization after a medical emergency without using up your budget for daily expenses.

But if you’re a prepper on a low income, it might be difficult to set aside a large portion of your budget for emergencies.

Read on if you want to learn how to start an emergency fund on a low income. (h/t to Survivopedia.com) Determining how much money you should save for your emergency fund

Make the most of your budgeting by settingaside enough money for the emergency fund to be worthwhile.

Generally, emergency funds should cover at least three to six months of your most essential expenses, like food, utilities, transportation and survival tools.If the total is too much for your budget, take all of your optional expenses and focus on the necessities.

Store your emergency fund in several locations: Cash is the best option because it gives you easy access to your money after an emergency. One downside to having cash for your emergency fund is it’smore likely to be stolen or lost. Banks and credit unions are some of the safest places to put your emergency fund. One downside is the risk involved given the unstable state of the economy and bank failures are more likely to happen. Another option is to load money on a prepaid card. A prepaid card is not connected to a bank or credit union so you can only spend the money on the card. This option can help control your spending.

When you have a low income, it’s crucial to seta reasonable savings goal.

If you’re worried about drastic changes affecting your budget, start with small additions of $5 or $10 a day. Be patient and keep the money somewhere secure so you won’t feel tempted to spend it.

After you establish a solid base for your emergency fund, follow the steps below to improve your personal spending habits and increase your daily contributions. (Related: Save and stockpile: Preparing for an economic collapse.) Follow the 50/30/20 rule

The 50/30/20 rule is effective and if you’re on a budget, it can help multiply your savings.

This method gives you concrete, straightforward rules and emphasizes the importance of essential expenses. While other money management techniques might give you more spending flexibility, you need strict boundaries to overcome a low salary.

With the 50/30/20 rule, 50 percent of your money goes to your necessities, 30 percent to random expenses and 20 percent to long-term savings or emergency fund.

Following this method can help you make substantial additions to your emergency fund even if you’re on a low income.

This is effective because it places full accountability on you, which can help control your spending and build an emergency fund. Automate your savings

Manually depositing your income into your savings account may tempt you to spend the money on impulse buysinstead of sending it to your prepaid card or bank account.

When you automate your savings with direct deposits, you can avoid the temptation to spend your money and send it straight to the bank.

Alternatively, you could arrange for recurring transfers with your bank or credit union so money goes from your checking account to your savings. This setup ensures that you make regular contributions to your emergency fund.

If you plan on automating your savings,make sure you don’t accumulate overdraft fees. Your bank charges an overdraft fee if your checking account doesn’t have enough money to complete the automatic transaction so check your balance regularly. Look for a second income source

If you want to save more money for an emergency fund when you’re on a low income, try looking for a second income source.

This isn’tthe easiest solution, but it is the simplest. To save more money, you have to make more money.

Here are some suggestions on how to earn a second income: Sell old clothes, books and other unwanted items on e-commerce sites like eBay. If you can’t commit to a second job full-time, work as a part-time freelance writer, editor or photographer. If you love writing about prepping, start a blog about survivalism or other related topics. Once you build a following, you can earn through affiliate marketing and guest blog posts. Food delivery services like Doordash and Grubhub allow you to choose your own hours and assignments so you can work extra hours in your free time. If you have a clean driving record, apply as a driver for ridesharing services like Lyft or Uber. Pay rates are small, but companies will pay you to take online surveys. Make the dollars add up by taking as many surveys as you can. If you like staying active, work as a dog sitter or dog walker on weekends. You can also list your spare bedroom on vacation rental sites. If you are an expert in math, science or foreign languages, you can earn money as a private tutor. You can tutor students either online or in person, but the latter can help you save on transportation. Use finance apps to track your spending

If you’re struggling tofollow the 50/30/20 rule or other strict money management strategies, you can try using finance apps.

Some apps are free and will help you track your spending so you can stay within your budget.Finance appswill also send automatic reminders that can help you follow your savings goals. Reconsider your survival strategies

A lot of preppers and survivalists tend to focus on stocking up onsupplies instead of developing their skills.

Spending too much money on your stockpile can eat into your limited budget, so if you want to save money, rethink your survival strategies.Get back to the basics and don’t spend all your money on the latest outdoor equipment or electronics.

If you want to make an exception, do so for youremergency food and water supply since these items will be necessary for a long-term outage or economic collapse. Look for ways to save on necessities

Review your expenses since your food and transportation budgets could be larger than necessary.Gas prices are over $3 per gallon in most states, so you can start by cutting down on driving if possible.

To save money on food buying options, get all your groceries delivered so you don’t have to spend gas todrive to a supermarket.

You can also explorehelpful resources like coupon finders, price-match policies and customer loyalty programs. Some businesses may offer you discounts for subscribing to their email newsletters or participating in social media promotion.

Find creative ways to save on your essential expenses to free up more money for your emergency fund. Review your subscriptions

Subscription services can take up a chunk of your budget, especially if you forget that you even have them.

If you have many subscriptions, review your credit card bills. You could still be getting charged for a service that you no longer use or need. If this is the case, get in touch with your service provider and cancel your subscription.

Check your subscriptions for these services if you have them: Gym memberships House cleaning Landscaping Magazines Newspapers TV networks Websites

When combined, these subscriptions can add up to over half of your monthly expenses. Save money by terminatingall subscriptions that you don’t need or use.

If you’re on a low income, keep in mind that building an emergency fund will take time.Don’t stress over building your emergency fund in several weeks or months.

Instead, focus on making small, consistent contributions. Even if you experience some short-term setbacks, making changes to yourspending habits will help you reach your financial goals.

Watch the video below for tips on how to avoid common food stockpiling mistakes, which can affect your budget.

This video is from theInfowarsFan channel on Brighteon.com. More related stories:

Financial preparedness: Save money by reusing these 10 items.

Financial preparedness: How to save money n your off-grid homestead.

Financial preparedness: 13 Ways to prepare for hyperinflation.

Sources include:

Survivopedia.com

NerdWallet.com

Brighteon.com
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Ed Davey reveals he has written to King to explain Trump state dinner boycott

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Ed Davey reveals he has written to King to explain Trump state dinner boycott

Sir Ed Davey has written to King Charles to explain why he believes he has to refuse his invite to a state banquet for Donald Trump.

The Lib Dem leader said on Wednesday he will be boycotting the dinner next month during the US president’s second state visit to the UK because of the situation in Gaza.

He told Sky News on Thursday: “I’ve written to him [the King] personally explaining my thinking.

“And it’s with deep regret that I’ve had to take the decision, but I feel with what is going on in Gaza, it’s the best way I can get my voice heard.”

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Sir Ed said the “sad truth” is Mr Trump is the “one man” who has the power to stop the “horrible famine in Gaza, could get the hostages released, could bring an end to this horrendous humanitarian crisis”.

He said the US president could do that by phoning up Israeli Prime Minister Benjamin Netanyahu and telling him to stop.

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The Lib Dem leader said Mr Trump could also call up the Qatari government and other Gulf states to get them to put pressure on Hamas to release the remaining 50 Israeli hostages (20 living, 30 dead) they took on 7 October 2023.

The King and Donald Trump during his first state visit in 2019. Pic: Reuters
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The King and Donald Trump during his first state visit in 2019. Pic: Reuters

He emphasised that he has “huge respect” for the King and it was a very difficult decision he “really wrestled with” and involved him talking to his wife and praying about it.

Sir Ed denied it was political posturing and instead is one of the only ways he could get Mr Trump to listen.

“I didn’t want him to come to the UK without being reminded, as best I can, that he has that moral responsibility, frankly,” he added.

“And from what I’m picking up from many people, there are people across the political spectrum who agree with me and the Democrats that it is Donald Trump, it is the United States who has this power over Netanyahu, over Hamas, albeit indirectly, to stop this horrendous situation.”

Publicly refusing the King’s invite is “the best way I can get my voice heard,” Sir Ed said.

Read more:
British journalists demand action from PM over war in Gaza
Has Trump ended seven wars as he claims?

King Charles will host a state dinner for Donald Trump. Pic: PA
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King Charles will host a state dinner for Donald Trump. Pic: PA

Tony Blair at White House Gaza meeting

While Sir Ed is choosing to snub Mr Trump to get his voice heard, former Labour prime minister Sir Tony Blair has been asked by the US president for help on Gaza.

Sir Tony joined a White House meeting on Wednesday, chaired by Mr Trump, to discuss the war in Gaza and post-war plans for the Palestinian territory, a senior White House official confirmed.

They were joined by Mr Trump’s former Middle East envoy and son-in-law, Jared Kushner, to also discuss the hostage crisis and plans to escalate food aid deliveries.

The official described it as “simply a policy meeting”.

In July, the Financial Times reported the Tony Blair Institute had participated in a project to develop a post-war Gaza plan, with the think tank having “had many calls with different groups on post-war reconstruction of Gaza but none included the idea of forcible relocation of people from Gaza”.

Sir Ed called on Sir Tony to be quizzed in parliament about his discussions with the Trump administration.

“If he has special insight into Trump’s intentions, it’s only right that parliament and the government are made privy to this,” he said.

“We must leverage all the information and resources at our disposal to make Trump do the right thing.”

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New details released about killer in Catholic school shooting in US

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New details released about killer in Catholic school shooting in US

Police have released new details about the killer in the US Catholic school shooting – including that they “idolised” mass murderers and they wanted to “watch children suffer”.

Two children, aged eight and 10, were killed during mass at Annunciation Catholic School in Minneapolis on Wednesday.

Eighteen other people were injured, including children aged between six and 15 and three adults in their 80s.

Police said Robin Westman, a male born as Robert Westman, opened fire with a rifle through the windows of the school’s church as children sat in pews.

Robin Westman
Image:
Robin Westman

Almost 120 rifle rounds fired, police chief says

In a news conference on Thursday, Minneapolis Police Chief Brian O’Hara said the attacker fired 116 rifle rounds into the church.

“It is very clear that this shooter had the intention to terrorise those innocent children,” he added.

The police chief said the killer “fantasised” about the plans of other mass shooting attackers and wanted to “obtain notoriety”.

When asked about the attacker obtaining the firearms used legally, Mr O’Hara said that they did not have a criminal history or any diagnosed mental health disorders.

While they had potentially concerning social media posts, the police chief added that there was no evidence to suggest that Westman was legally barred from purchasing a firearm.

People mourn outside the Annunciation Catholic School in Minneapolis. Pic: Reuters
Image:
People mourn outside the Annunciation Catholic School in Minneapolis. Pic: Reuters

Suspect ‘wanted to watch children suffer’

Joe Thompson, acting US attorney for Minnesota, also said evidence recovered of the killer’s plans showed “pure indiscriminate hate” and that they “idolised some of the most notorious school shooters and mass murderers in our country’s history”.

“I won’t dignify the shooter’s words by repeating them,” Mr Thompson added. “They are horrific and vile, but in short, the shooter wanted to watch children suffer.”

Earlier, the mayor of Minneapolis called for a statewide and federal ban on assault weapons after the deadly attack, saying “thoughts and prayers are not going to cut it”.

“There is no reason that someone should be able to reel off 30 shots before they even have to reload,” he said.

“We’re not talking about your father’s hunting rifle gear. We’re talking about guns that are built to pierce armour and kill people.”

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Minneapolis mayor urges assault weapons ban

Thomas Klemond, interim CEO of Minneapolis’s main trauma hospital Hennepin Healthcare, said at a news conference earlier that the hospital was treating nine patients injured in the shooting.

One child at the hospital was in a critical condition, he added.

Children’s Minnesota Hospital also said that three children remain in its care as of Thursday morning.

Read more from Sky News:
Cost of weight-loss drug to be discounted in UK pharmacies
What could happen next at Man Utd after Grimsby humiliation
UN staff pressure human rights chief to call Gaza a genocide

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In a post on Facebook, the hospital said “there are no words to describe the overwhelming pain many are feeling”, adding: “We feel that pain with you.

“To the entire Annunciation community, you have our deepest condolences. During this time of unimaginable grief and loss, we want you to know that we at Children’s Minnesota are with you.

“We will always be here to care for you. And in this moment, we hurt alongside you.”

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World

Vladimir Putin may be playing for time while he carries on beating down Ukraine’s will to win

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Vladimir Putin may be playing for time while he carries on beating down Ukraine's will to win

After all those raised hopes of peace, Ukraine has been hit by the second-worst night of Russian air attacks since the war began.

So much for diplomacy, despite the Alaska summit, then the Washington DC meeting.

The Kremlin says it was aiming at military targets, but yet again, the pictures tell a very different story.

Follow latest: UK summons Putin’s ambassador

Firefighters work at the site of a burning building after a Russian attack in Kyiv, Ukraine. Pic: AP
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Firefighters work at the site of a burning building after a Russian attack in Kyiv, Ukraine. Pic: AP

One civilian building after another was hit, more than a dozen people were killed and British Council and EU buildings were also damaged.

So what’s going on? Why is Vladimir Putin doing it?

Because he can.

The Russian president thinks he’s winning this war, and it’s hard to escape the conclusion that he’s using diplomacy to play for time while he carries on beating down the Ukrainians will to win.

And at the moment, no one is stopping him

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At least 14 killed in Kyiv attack

Ukraine is hitting back, particularly at Russia‘s oil installations, more of them going up in thick black smoke, after being hit by long-range Ukrainian drones.

It is taking a heavy toll on Putin’s ‘Achilles heel’, but on its own, analysts don’t expect it will be enough to persuade him to end this war.

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British Council building hit in Kyiv

The West can wring its hands in condemnation.

But it’s divided between Europe that wants a ceasefire and much more severe sanctions, and President Trump, who, it seems, does not – strangely always willing to sympathise with the Russians more than Ukraine.

He’s back to blaming Ukraine for starting the war, saying earlier in the week that Kyiv should not have got into a war it had no chance of winning.

It is a grotesque perversion of history. Ukraine, of course, had no choice but to fight to defend itself when it was invaded in an act of unprovoked aggression.

Every time the US president has condemned Russia for these kinds of attacks, he has never followed through and done nothing to punish them.

Rescue workers carry an injured woman after a Russian strike on Kyiv, Ukraine. Pic: AP
Image:
Rescue workers carry an injured woman after a Russian strike on Kyiv, Ukraine. Pic: AP

More worryingly for the Ukrainians, the Russians are getting the upper hand in the drones war, taking Iranian technology and souping it up into faster-moving drones that the Ukrainians are having increasing difficulty bringing down.

They expect as many as a thousand drones a night coming their way by the winter, and many, many more innocents to die.

Next week, Putin will join Chinese and North Korean leaders in a summit in Beijing, both supporting his war in Ukraine.

(L-R) Vladimir Putin, Xi Jinping and Kim Jong Un. Pics: Reuters
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(L-R) Vladimir Putin, Xi Jinping and Kim Jong Un. Pics: Reuters

Read more from Dominic Waghorn:
Ukrainians warn they’re in danger of losing drone arms race
We are further away from peace now than we were two weeks ago

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A war that began as one man’s mad idea has, in three and a half years, metastasised into a titanic struggle between east and west, fought increasingly with machines in a dystopian evolution of war.

If President Trump is not prepared to use his power to bring this war to an end, what will another three and a half years of his presidency bring?

It is a chilling question.

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