There's a big different between a government shutdown and hitting the limit on the debt ceiling limit. And let's just say that one of them is way worse.

Granted, they're both horrible.  They both mean the folks in Washington D.C. are over-spending and basically can't agree on much.

But that doesn't mean you can't educate yourself and protect your assets in the process.

Because the threats of both happening show up every few months, it's high-time you understand how it all affects you and your wallet.

The biggest difference between a government shutdown and hitting the debt ceiling is in the cuts to discretionary versus mandatory spending. So watch our video to understand exactly what that means.

 

For more 60-Second Tips, subscribe to our YouTube Channel here:

 

Watch More with TheStreet:

Editors' Pick: Originally published January 18, 2018. 

More from How-to

How to Overcome the Fear of Trading Super-Momentum Stocks

How to Overcome the Fear of Trading Super-Momentum Stocks

What is CBD? Effects, Benefits and Legality

What is CBD? Effects, Benefits and Legality

The Biggest Sector Rebalancing Ever Will Dominate Market Action Today

The Biggest Sector Rebalancing Ever Will Dominate Market Action Today

Man Oh Man, I Like ManpowerGroup Again

Man Oh Man, I Like ManpowerGroup Again

Sensient Technologies Smells Like a Buy

Sensient Technologies Smells Like a Buy