S/O Feds: How many missed paychecks could you sustain?

[Anonymous]

Anonymous wrote:We are better off than in 2018, when we had no savings, I was terrified of losing everything, and we had to borrow money from my dad. But realistically, only a few paychecks. We have savings to go a few more after that but I would start to panic. Federal attorney married to a disabled veteran. This area is expensive and it is tough on one income (plus veteran's disability).

A fed attorney and disability pay is a good income. I don’t get it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:2 years but we’re mid 30s and have 6 figures of savings. Dual feds.

But would you and your DH actually remain Feds and both willingly report to work for two years without pay while draining your savings and forgoing at least tens of thousands of dollars or interest?

The better question is how many missed pay checks could and would you sustain?

Not the pp you are asking, but I would be willing to report for as long as my savings allow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The feds that are G7-Gs11 and not in Dc are the ones who will be the hardest hit.

Not to mention junior enlisted military

yeah, sibling is dual military. i've told our mom that she should probably free up some cash in case they need help.

another SIL is also a federal employee, but i think they can get by with just one salary for a bit. i hope.

[Anonymous]

Guarantee that all of the people chiming in to say they would be fine going months /years without pay are non essential/excepted employees, many of whom will come out ahead.

There’s no way that those who are required to actually report for duty each day during the shutdown and incur commuting/childcare costs while draining their savings and forgoing investment dividends will tolerate it for months on end (especially now knowing that the non-working Feds will ultimately get the same back pay when the shutdown concludes)

[Anonymous]

30 days. I'm a new fed. I just graduated college. I'm on a GS 7/9/11 position. I've been in my job for almost 90 days. My parents could probably loan me $1500 to get by for a second month, but they themselves only bring home $85k combined.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The feds that are G7-Gs11 and not in Dc are the ones who will be the hardest hit.

Not to mention junior enlisted military

yeah, sibling is dual military. i've told our mom that she should probably free up some cash in case they need help.

another SIL is also a federal employee, but i think they can get by with just one salary for a bit. i hope.

Saying dual military means nothing. Depending on if they are officer or enlisted and their rank they could be doing really well. I don’t get high income earners who refuse to save and overspend screaming poverty. Young enlisted are the concern and the fed support staff who don’t make much. They try to pay military. But they don’t the feds or contractors.

[Anonymous]

Anonymous wrote:
We are better off than in 2018, when we had no savings, I was terrified of losing everything, and we had to borrow money from my dad. But realistically, only a few paychecks. We have savings to go a few more after that but I would start to panic. Federal attorney married to a disabled veteran. This area is expensive and it is tough on one income (plus veteran's disability).

A fed attorney and disability pay is a good income. I don’t get it.

Really? This is the same board that says $200,000 is poverty wages, and now a federal salary plus veterans disability is good money? This is what you pick out when other people in this thread have enough money for a few years?

There are more people who are financially insecure in this area. They just don’t admit it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
We are better off than in 2018, when we had no savings, I was terrified of losing everything, and we had to borrow money from my dad. But realistically, only a few paychecks. We have savings to go a few more after that but I would start to panic. Federal attorney married to a disabled veteran. This area is expensive and it is tough on one income (plus veteran's disability).

A fed attorney and disability pay is a good income. I don’t get it.

Really? This is the same board that says $200,000 is poverty wages, and now a federal salary plus veterans disability is good money? This is what you pick out when other people in this thread have enough money for a few years?

There are more people who are financially insecure in this area. They just don’t admit it.

They make very good money. We make less than $200k and plenty of savings. We picked a cheap very small house and never upgraded. Diy most things. Lifestyle choices. You can live very well on $200k if you budget well.

[Anonymous]

We are dual enlisted military but toward the end of our careers, so we make a good salary.

We could last 4 months with the money we have liquid. Everything else is in TSP or 529s for our kids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The feds that are G7-Gs11 and not in Dc are the ones who will be the hardest hit.

Not to mention junior enlisted military

yeah, sibling is dual military. i've told our mom that she should probably free up some cash in case they need help.

another SIL is also a federal employee, but i think they can get by with just one salary for a bit. i hope.

Saying dual military means nothing. Depending on if they are officer or enlisted and their rank they could be doing really well. I don’t get high income earners who refuse to save and overspend screaming poverty. Young enlisted are the concern and the fed support staff who don’t make much. They try to pay military. But they don’t the feds or contractors.

enlisted and reserves with a crappy spousal base job when not deployed. enlisted in-law set to be deployed again in a couple months but who knows. they basically get by when things are normal. and since congress can't even pass a defense bill i'm not sure how they're going to get paid?

[Anonymous]

Anonymous wrote:We are dual enlisted military but toward the end of our careers, so we make a good salary.

We could last 4 months with the money we have liquid. Everything else is in TSP or 529s for our kids.

If everything is shut down, I doubt TSP loans would even be an option.

[Anonymous]

Only a couple of months. Took a long time to start saving because of student loans. Been spending from savings for fertility treatment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are dual enlisted military but toward the end of our careers, so we make a good salary.

We could last 4 months with the money we have liquid. Everything else is in TSP or 529s for our kids.

If everything is shut down, I doubt TSP loans would even be an option.

Well I hope they don’t withhold military pay for more than 4 months then.

And of course for everyone else too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are better off than in 2018, when we had no savings, I was terrified of losing everything, and we had to borrow money from my dad. But realistically, only a few paychecks. We have savings to go a few more after that but I would start to panic. Federal attorney married to a disabled veteran. This area is expensive and it is tough on one income (plus veteran's disability).

A fed attorney and disability pay is a good income. I don’t get it.

You do know how much housing costs here don't you?

[Anonymous]

We can go at least 6 months without touching stocks and 401ks but I don’t wNt to have to do this. It is so stupid.

I think if Congress ant do their job then the government should fully shutdown- like stoop social security, stop Congress being paid, stop TSA- stop all of it and then maybe the average voter will start paying attention and get rid of these losers.