ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Being Financially Self-Reliant In Our Volatile Economy

Updated on March 9, 2014

With the current state of our economy it's becoming increasingly difficult for families to make ends meet. Foreclosures are at a record high and families have to get creative with their finances. Being self-reliant during this time seems difficult but its possible and very important.

Joseph F. Smith said, "You must continue to bear in mind that the temporal and the spiritual are blended. They are not separate. One cannot be carried on without the other, so long as we are here in mortality.

"The Latter-day Saints believe not only in the gospel of spiritual salvation, but also in the gospel of temporal salvation. We do not feel that it is possible for men to be really good and faithful Christian people unless they can also be good, faithful, honest and industrious people. Therefore, we preach the gospel of industry, the gospel of economy, the gospel of sobriety."

Marvin J Ashton once said, "We live in a self-indulgent, me-oriented, materialistic society. Advertisements entice young buyers by demonstrating how easy it is to get credit and buy on time. Interestingly, no ads focus on the glamour of paying the money back, or do they mention how long or hard it is to do just that - especially with the unavoidable interest added on."

Being self-reliant has a connection to our spiritual welfare. Because of this I have prepared a list of "creative financial" ideas for self-reliance. They are more than the typical "stay out of debt" suggestions.

Water Savings


Most of us live on a city water metering system. Here are a few ways to reduce that dollar amount that goes down the drain.

General Ideas:

  • Water lawn/Flowers in he early morning
  • Allow grass to grow longer
  • Only wash full batches (dishes and laundry)
  • Do not run the water while brushing teeth
  • Put a brick in the toilet tank
  • Fix leaky Faucets

Extreme Ideas

  • Don't water
  • Turn off shower while soaping (military shower)

Electric Savings

Here are a few ways that everyone can save a little money on the electric bill

General Ideas

  • Unplug appliances when not in use (including power strips)
  • Use CLF's
  • Turn down Water Heater
  • Wash clothing in cold water
  • Hang dry cloths

Extreme Ideas

  • Get a solar powered system for your home

Fuel Savings

The cost of fuel must be the hardest burden right now. Many can't even afford to drive to work. Here are a few ideas that might help to lower that burden

General Ideas

  • Use public transit
  • Reduce number of trips (stop at grocery store on way home from work)
  • Car Pool
  • Ride bike/Walk to work
  • Keep car maintenance up to date
  • Keep tires properly inflated
  • Lighten the load (remove anything from the car that is not necessary - excluding your car emergency kit)
  • Drive 5 miles below speed limit.

Clothing Savings

Clothing is always a tough one. You need to purchase clothing that will last but you don't want to overspend for cloths.

General Ideas

  • Shop discount racks/stores
  • Use hand-me-downs for the kids
  • Mend/Make your own clothing
  • Polish and repair your own shoes

Food Savings

Food prices have just jumped like crazy. Here are some ways to reduce the amount of food that you need to purchase at the store

General Ideas

  • Make a 3-month menu
  • Only go to gocery store with a list (and buy only items on the list)
  • Purchase in bulk (goes back to the three month menu)
  • Reduce the amount of meat in meals
  • Cook smaller portions to reduce wasted food (or cut in half and put in freezer)
  • Have a left over night once or twice a week
  • Eat more potatos, rice, and beans
  • Plant a garden
  • Purchase bread from bread stores (or make your own bread)
  • Use the Farmers Markets (in there is one in your area)
  • Can fruits/vegetables to have for year round use

Climate Control (also goes to electric savings)

Most of us are not privileged to live in San Diego and experience perfect temps year round. I have broken this into hot climate control and cold climate control

When It's Hot

  • Open windows at night when it's colder outside than in the house. Then close them in the morning
  • Use Fans (using a fan can make it feel 10 degrees colder)
  • Plant trees that shade the house in the summer (and loose leaves in and allow sun to hit house in winter)

When It's Cold

  • Caulk around windows and door
  • Reduce heat in rooms when not in use
  • Wear sweaters/socks inside
  • Use an extra blanket
  • Turn down your heat at night (use programmable thermostat)
  • Change furnace filters
  • Insulate
  • Use area rugs on wood floors


Certainly there are lots of other things that can be done. These are just a few ideas that might help. If you have other suggestions put them in the comments section.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)