In this video, I’ll give you five tips on how to minimize the impact of a government shutdown on your wallet:
- Notify your creditors/people you owe money to. Explain the situation, and see if they’ll waive or lower payments temporarily until you’re getting a paycheck again.
- Reign in your spending
- Temporarily pause any extra debt payments or automatic savings transfers
- Focus on starting up a side hustle to earn extra income so you can diversify your income sources
- When you start getting paid again, save up an emergency fund for the next government shutdown (because there WILL be a next one…)
How would you prepare for a government shutdown? Leave a comment below!