Lawmakers have until October 1 to avoid a government shutdown. Stock market volatility is common as the deadline nears, but performance dips are not as dramatic as expected. Shutdowns have temporary effects, with some companies relying on federal contracts facing delays, yet bouncing back quickly after shutdowns end.

Social Security checks are still issued during a shutdown due to being classified as mandatory spending. However, the Social Security Administration operates with a skeleton staff, causing delays in processing claims. Borrowers with active student loans may face delays and overpayments due to lack of Department of Education support.

Surviving a shutdown requires planning ahead. Make changes to federal loan plans before October 1 and hold onto investments tied to government contracts for a post-shutdown rally. Shutdowns may impact income for government employees and companies reliant on government contracts, making it difficult to cover bills and debt repayments.

Read more at Yahoo Finance: What Would a Looming Government Shutdown Mean for Your Wallet?