While legislators and the president wrangled about the government shutdown, some employees who were living without paychecks got desperate.
We’d bet most gainfully-employed people would have a hard time imagining a trip to a food bank to feed their families. But it happened to some federal workers.
While the record shutdown may be over, the financial pain felt by these families isn’t. Workers don’t yet know exactly when they will get their back pay. Plus, fear of another shutdown persists because no one knows what will happen after the agreed-upon three weeks of funding comes to an end.
Losing your paycheck is never easy, whatever the circumstances.
When the paychecks stop, where can you find money?
Of course, we’d rather everyone had an emergency fund worth three to six months of expenses, but not everyone has that kind of cushion.
So straight up: Most of these options aren’t pretty, and they won’t all be available to everyone. They can be expensive and have substantial, long-term negative effects on your financial security, so we’d never recommend them unless you’re without options.
Before you try any of these ideas, first contact all your creditors, tell them your situation and see how they’ll work with you. Then, at least, you’ll know where you stand.
Here are some places to find cash if you’re absolutely, positively desperate and your income stream has stopped short.