Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

This Is How Federal Workers Can Stay Afloat Financially During The Shutdown

Video Credit: Veuer - Duration: 01:25s - Published < > Embed
This Is How Federal Workers Can Stay Afloat Financially During The Shutdown

This Is How Federal Workers Can Stay Afloat Financially During The Shutdown

Experts say these are the actions government workers who are furloughed or working without pay should do with their money.

0
shares
ShareTweetSavePostSend
 

This Is How Federal Workers Can Stay Afloat Financially During The Shutdown

This Federal Shutdown has become the longest in American history, leaving thousands of workers either furloughed or working without pay.

????While politicians stand their ground, many federal employees find themselves on the brink of financial disaster.

????Experts say affected workers should call their financial institutions now \and explain their situation.

Ask for extensions or late fee waivers.

While student loans must be paid, even if you are not getting a paycheck, other creditors may have a temporary relief program.

????According to Forbes, federal employees on furlough could qualify for unemployment depending on the state.

????Either way, reign in all spending and tighten the budget to essentials only.

A month without pay is the time to start cooking all of the food from the back of the freezer.????Credit cards or borrowing from retirement accounts are not ideal situations, but may be necessary.

According to a study by Bankrate.com, only 37% of Americans have enough savings to cover a $500 to $1000 emergency.????Once the shutdown is over, federal workers should continue living frugally, start paying off small loans or highest interest rate credit cards first.

According to Market Watch it’s a good idea to reflect the spending habits you made during the shutdown.

????Then, just in case this happens again, build an emergency savings account that contains enough money at least six months of living expenses.

??




You Might Like


Tweets about this


Recent related videos from verified sources

Recycling workers stuck by used needles [Video]Recycling workers stuck by used needles

More people are improperly disposing of medicle needles, and Rumpke Waste and Recycling said it's subjecting the company's employees to potential risk. Last year, 13 Rumpke employees were stuck with..

Credit: WCPO Cincinnati     Duration: 01:59Published

Tariffs, Government Shutdown Weigh On Still-Growing Economy [Video]Tariffs, Government Shutdown Weigh On Still-Growing Economy

According to Reuters, slowing global growth and the 35-day partial federal government shutdown weighed on the U.S. economy in the first weeks of 2019. The Federal Reserve said that “Economic activity..

Credit: Rumble     Duration: 00:36Published

CNN: Back Pay Still Owed to More Than 1,000 TSA Workers [Video]CNN: Back Pay Still Owed to More Than 1,000 TSA Workers

A new report from CNN says more than 1,000 TSA workers are still owed back pay from the recent partial government shutdown.

Credit: Newsy Studio     Duration: 01:03Published

Federal Workers Used Their Side Hustle To Weather The Government Shutdown [Video]Federal Workers Used Their Side Hustle To Weather The Government Shutdown

Apparently during the government shutdown, one in ten government workers turned to a side hustle.

Credit: Buzz60     Duration: 00:37Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.