Personal Finance Lessons We Can Learn from the Government Shutdown

Government Shutdown Sorry We're Closed White House Building America United States Capitol American Flag Finance Personal Lessons

Photo credit: www.earningmytwocents.blogspot.com

The recent government shutdown has a few lessons to teach about managing finances. Regardless of your position, some of the main issues can affect small households as well an entire government.

Don’t Live Paycheck-to-Paycheck
This is very similar to the situation the U.S. faced. When you have debt, you need the resources to keep up with payments.

Insurance is Important
The government shutdown proves what a hot item insurance is, so it should be the least as important for you and your family. If your job provides health insurance, you’re ahead of the game. If not, you’ve got some planning to do.

Look at the Bigger Picture
Don’t apply tunnel vision to your personal finances. Focus keeps your on track. When you pay your bills on time but overlook discretionary spending you could be missing out on building wealth.

What best practices have you applied to your personal finances? Leave us a comment below!

 

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