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Things To Cut Out Right Now To Save Money During the Health Crisis

GOBankingRates Logo By Gabrielle Olya of GOBankingRates | Slide 1 of 18: Many people are experiencing job loss and reduced hours as businesses close their doors in compliance with measures to prevent COVID-19 from spreading. St. Louis Federal Reserve President James Bullard estimates that unemployment could reach 30% — higher than in the Great Depression and three times more than the 2007-09 recession, Reuters reported. With so many people making less money and thousands more on the verge of being laid off, it’s important now more than ever to focus on saving and reduce spending. GOBankingRates spoke to financial and consumer experts to find out what expenses you should be cutting out in the midst of the coronavirus crisis. Last updated: March 25, 2020

Many people are experiencing job loss and reduced hours as businesses close their doors in compliance with measures to prevent COVID-19 from spreading. St. Louis Federal Reserve President James Bullard estimates that unemployment could reach 30% — higher than in the Great Depression and three times more than the 2007-09 recession, Reuters reported. With so many people making less money and thousands more on the verge of being laid off, it’s important now more than ever to focus on saving and reduce spending.

GOBankingRates spoke to financial and consumer experts to find out what expenses you should be cutting out in the midst of the coronavirus crisis.

Last updated: March 25, 2020
© Charday Penn / Getty Images

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