It looks neat, but you will have almost as much luck just sealing the drain and filling up the bathtub.
You can also get a large quantity of water out of a hot water heater.
Do you have access to any natural water sources? If so a few extra containers and some water purification drops (8 drops bleach/gallon of water will work in a pinch) would ensure you won't ever run out.
One of the things I would really like (but cannot afford) is a backup hand-pump for my well. It would be a convenient source of clean drinking water but is not absolutely necessary for me in North Carolina as streams are nearby.
On another note: If you are interested in food storage you can purchase 5 gallon buckets full of grains, spaghetti, beans, etc. all nitrogen packed and sealed for long term storage. They all run about 40 dollars per bucket which is actually a very reasonable price.
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"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." - Winston Churchill
"All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act out their dream with open eyes, to make it possible." Seven Pillars of Wisdom, T.E. Lawrence
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