It’s no secret that government furloughs can come full circle in the coming months. Although I don’t work for the federal government, I can share with you some tips on how to cope through this stressful process.
First you need to identify how much income you are going to lose as a result of furlough. You may have two weeks off together or one week off a quarter. The furlough may be longer term than that, and if that is the case you should look into the option of applying for unemployment benefits or looking for another job. If the employer is unable to give a set length to your furlough, you should treat it as a layoff and start with your plan to handle a layoff.
Once you known how much money you are going to lose, you need to set up a budget that will let you know what expenses you need to cut temporarily and what expenses you need to cut back on now so that you can save the money you need to cover the time you are on furlough.
- Pick up a hobby.
- Spend time with family and friends.
- Catch up on Scandal!
- Take an affordable vacation.
- Work out ways to build a second income, recreate yourself, get training.
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