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If You're Out Of A Job, How Exactly Should You Go About Cutting Expenses?

Video Credit: Wochit News
Published on June 21, 2020 - Duration: 00:40s

If You're Out Of A Job, How Exactly Should You Go About Cutting Expenses?

The US Labor Department says forty-four million people have filed for unemployment in the past 12 weeks.

If you're in the same boat, then clearly it's time to cut some expenses.

But which ones, and how drastic should those cuts be?

According to Business Insider, financial planner Anna N'Jie-Konte says cutting all expenses all at once during unemployment can be overwhelming.

Instead, opt for cutting expenses in stages.

Cut some right away.

If unemployment goes beyond that, then cut more.

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