So here are some tips from the Certified Financial Planner Board of Standards for federal workers, contractors and other consumers to weather government spending cuts:
— Fewer food inspectors could mean rising food prices. Eat less meat.
— Expect longer security lines at airports — something affecting all air travelers. Frequent fliers can apply for a “pre-check” clearance to avoid standard security measures.
— Parents and college students could see financial aid costs go up or tax breaks to pay for school shrink or disappear. Plan for these potential changes by saving more.
— If the cuts lead to another recession, make sure your resume and job skills are up-to-date in case you need to find a new job.