With the recent government shutdown, concerns around employment gaps have come to the forefront. To help those affected, the AICPA has shared several steps individuals can take to manage both financial and emotional stress during period of uncertainty. 

“Job loss and uncertainty can feel paralyzing, but it can also be a catalyst,” said Dan Snyder, director of Financial Planning at the AICPA. “Setting immediate priorities and a workable plan for current essentials can lessen some of the stress in time of furloughs or job uncertainty.”

The AICPA recommends beginning with a clear view of your finances. That means reviewing your cash flow, identifying essentials like housing, food, and healthcare, and reducing discretionary spending. An emergency fund, if available, can be a critical buffer. Those eligible for unemployment benefits should check requirements in their state and apply promptly. 

If you’re currently employed but worried about future cuts, the AICPA suggests taking time to build or grow your emergency savings. Even small, consistent contributions can build over time. Staying within a realistic monthly budget and limiting credit card debt can also reduce long-term financial pressure. 

Networking is another key tool. Building relationships before a job loss can ease the transition if it comes. According to the AICPA, job loss isn’t always preventable, but preparation can help you move through it with more stability and less panic.