How to Prepare Financially During a Government Shutdown

11/06/2025

The ongoing federal government shutdown, which began on October 1, 2025, has placed significant financial strain on many individuals and families across New Hampshire and the country. Federal employees, members of the military, federal contractors and those who rely on federally funded programs are facing challenging times as paychecks and services are disrupted.

At Bank of New Hampshire, we understand how stressful this situation can be, and we are here to support our customers who may be experiencing financial hardship. Below are some practical steps you can take to help manage your finances during this period of uncertainty.

Review and Prioritize Your Monthly Expenses

Start by taking a closer look at your income, savings and essential expenses. Determine which costs are necessary−such as housing, utilities and groceries−and identify areas where you can temporarily cut back.

Here are a few cost-saving ideas:

Limit dining out and reduce takeout orders.
Pause or cancel streaming and print subscriptions.
Use coupons or look for sales when shopping.
Lower energy use by turning off unused lights and adjusting your thermostat.
Shop for better rates on auto and home insurance to reduce monthly premiums.

Understanding how long your savings can last will help you plan and make informed decisions until the shutdown ends.

2. Contact Your Mortgage Lender or Landlord.

If you are a homeowner, reach out to your mortgage lender to discuss potential relief options, such as deferred payments or forbearance programs. You can also visit Homeowner-Help.org or the U.S. Department of Housing and Urban Development for additional resources.

If you rent, contact your landlord or property manager about your situation. Visit HUD rental assistance for additional support.

3. Reach Out to Your Utility Providers.

Utility companies often have programs to assist customers facing temporary financial hardship. Call your service providers and explain your situation─they may be able to arrange payment plans or defer late fees.

4. Seek Community Resources.

There are many local and national organizations ready to help during difficult times. Visit FeedingAmerica.org to locate food banks in your area, or call 211 to connect with community programs offering emergency support.

At Bank of New Hampshire, we remain committed to helping our customers and communities weather this challenging period together. If you are impacted by the government shutdown, please reach out to us at 1.800.832.0912 to discuss how we can help.