In The Clear (For Now)
Updated: Feb 12, 2021
The government has opened back up and hundreds of thousands of federal workers will be receiving a check again. Unfortunately, it is only scheduled to be opened until the 15th unless a permanent agreement is reached. This means that these employees could be back in the same situation again soon. I want to share a few tips that they can take right now with their money.
Use the back pay you receive to catch up on necessities. Pay your rent or mortgage, lights, water, and food. Being up to date on these bills will take the pressure off if the government decides to close down again because you will be in the clear until March. This also shows your creditors that you will always work in good faith with them and they will be more willing to work with you in the future.
Put Some Money Away
You did not know the government was going to shut down last time, but you definitely know there is a 50% chance that it will shut down on February 15th. You need to put some money away to weather that storm if it comes again. If you think that you don't have any money to save remember I am not talking about thousands of dollars. Even if you save $50 or $100 that will pay your water bill or buy some groceries. Any amount of money will take away some financial stress if the shutdown happens again.
For The Rest Of You
You also know that there is a 50/50 chance of the government shutting down again in a couple of weeks. So if you needed to get things completed that involve the government such as taxes, mortgages, business loans, etc then you need to get to work. Get it done before the 15th just to be safe.
We can not control what will happen on February 15th, but we can control how we prepare ourselves for whatever the outcome may be.
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