Government Shutdown Again?
Updated: Jun 23, 2019
After just recovering from the longest government shut down in history, there remains a possibility that another one is upon us. It depends upon whether the president will accept the current compromise proposed by the congressional conference committee.
The last shut down furloughed over 800,000 government employees. In addition, at least 400,000 non-government employees had been effected with furloughs or reduced employment hours.
No one expected these events. But this certainly points out the need for a family emergency fund. Other emergencies can pop up, as well. Health issues, major auto and home repairs or even permanent job loss are major reasons for creating a emergency savings fund.
Every family should have a fund with a minimum of three months of living expenses, if not more. To start a fund, pay yourself first. Put money into a savings account before paying other bills. If you don't have an emergency fund, start one now. This is one of the most important financial decisions that you can make.