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As Broadside said, “Anything worth doing is worth overdoing!”
While yes, what you need can vary depending on the situation, you really can’t ever be TOO prepared. Considering we’re talking about SHTF situations, you can’t go overboard with having a complete survival first aid kit. Knowing how and when to utilize each item should always be learned, but I’d rather be prepared with things I’ve never used than not have the option.