5 Vital Steps to Protect Your Finances from Government Shutdowns
If pro is the opposite of con, is progress the opposite of Congress? Given the current state of affairs of the U.S. government, it’s difficult — if not impossible — to even entertain an answer other than “yes” to that question. Congress is once again involved in a political drama, but at least Americans are being reminded about the importance of financial planning in their own lives.
The government began October by conducting a partial shutdown, affecting everything from national parks to numerous agencies and public services. Hundreds of thousands of federal employees were also placed on furlough. The White House blamed the GOP, which controls the House of Representatives, while the Republican Party has in turn pointed the finger at the Obama administration and the Democratic Party, which controls the Senate.
Although it’s too early to know the full effects of the shutdown, many Americans are already feeling the pain. In order to help prevent too much financial suffering from the current shutdown or any future shutdown, WalletHub offers five simple steps to “shutdown-proof” your wallet.