Jill on Money with Jill Schlesinger Furloughed With First Child on the Way
9 snips
Oct 20, 2025 A couple navigates the challenges of a federal furlough while expecting their first child. They discuss how to assess household income amidst uncertainty, and strategies for managing emergency cash. Conversations about mortgage terms reveal a low interest rate advantage. Financial advice includes balancing taxable investments and savings, as well as dealing with student loans. They also emphasize the importance of legal planning and insurance before the baby arrives, ensuring financial security and peace of mind during a tumultuous time.
AI Snips
Chapters
Transcript
Episode notes
Federal Workers Facing Furlough While Expecting
- Joe and his wife are both federal employees and now face furloughs while expecting their first child.
- Their situation combines job uncertainty with an upcoming major life event, creating heightened financial stress.
Back Pay Uncertainty Changes Planning
- Jill notes furloughs are short-term pain if back pay arrives, but uncertainty about back pay changes planning.
- The distinction between expected back wages and uncertain funding materially alters cash decisions.
Use Emergency Savings First
- Jill asks about emergency cash and directs using it first to cover bills during the shutdown.
- Use high-yield savings as your immediate cushion rather than paying down debts right now.