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Thousands of government workers face a possible furlough if the automatic spending cuts go into effect. Here’s how they can plan financially to help...
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-- workers may get caught -- congressional cross hairs if the 46 billion dollar budget cut goes into effect on March 1.
-- not officials report the sequestration would force them to put nearly 800000.
Civilian employees on unpaid leave.
-- it's funny two days in the coming months.
And other federal workers and different agencies might face a similar fate laid off just means that you no longer have a job.
Where is being furloughed means that you take off or -- obligated to take officer in -- days without pay.
-- you still have a job you're missing.
A paycheck.
In a reason why that's problematic is that most Americans are living.
Wine paycheck away from financial disaster -- facing a furlough need to start scene immediately to maximize short term cash flow and pat their savings overweight long term consequences.
Try to -- short term changes quickly about have a large impact.
Act you may have to stock up groceries she may have to talk to creditors utility companies and on payment plans with your gas bill with your electric bill they all have payment plans to complete yourself on if you're falling behind -- Workers should always -- -- for the worst and hope for the best and creating and sticking to a budget should be the first step they take.
When facing a possible for -- if you're not prepared for it it can hurt you.
Financial and 22 days potentially 22 days at the models the month.
So that means that all of your expenses from your mortgage or rent utility bills are going to be impacted.
You have to plan that this -- -- longer that you're expecting it may outlast your savings this week -- automatic spending cuts we're creating as an incentive to reduce the government's massive deficit.
But sequestration could hurt the economy that's slowing consumer spending the federal government work I've been speaking to their already contracting there -- -- -- very concerned.
That this is going to impact them financially -- negative way so there are -- not spending money.
Which impacts the economy -- foxbusiness.com.
I'm Catherine --
