The government shut down has been one of the longest, record-breaking political statements ever made in our generation and the people of this beautiful country are the ones who are struggling to pay their bills and care for their families.
Until a more solution is made, here are a few tips on how to survive the shutdown according to WUSA9:
1. Create a Budget
Budgeting is key to properly managing your finances. Write down exactly how much money is coming in every month and how much you are spending. Then, find areas to cut back and save.
2. Call Your Creditors
Creditors will know about the government shutdown so therefore you should contact them so they won’t contact you.
3. Avoid Withdrawing from Your Thrift Savings Plan
Although tough financial times can make it extremely hard not to withdraw your TSP savings, cashing out before retirement comes at a high risk.
4. Get a Furlough Relief Loan
The furlough relief loan is a 0% interest loan offered to people affected by a government shutdown can help you stay afloat while you are not receiving a paycheck.
For more financial tips on Urban Media Today, click here!
