No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 31, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Financial Planning Personal Finance

How to Cut Spending Without Cutting Out Small Businesses

by TheAdviserMagazine
5 months ago
in Personal Finance
Reading Time: 5 mins read
A A
How to Cut Spending Without Cutting Out Small Businesses
Share on FacebookShare on TwitterShare on LInkedIn


It’s a challenging time for small businesses.

A majority of small businesses – 59% — cited financial uncertainty as the biggest challenge they’re facing. Business owners were surveyed as part of the May 2025 Small Business Economic Report from the National Small Business Association.

It’s difficult for businesses to plan around changing tariffs, tax policies and consumer spending shifts, says Elizabeth Gore, co-founder of Hello Alice, a platform that connects small businesses with grants and resources.

“There’s just so much up in the air,” she says.

Amid these pressures, consumers want to do their part. An April 2025 NerdWallet survey found that 84% of Americans say it’s important to them to support small businesses.

But many consumers are concerned about their own financial situations.

So how can you scale back spending while still supporting small businesses?

Build small businesses into your budget

Try earmarking money specifically for small businesses.

As you’re planning monthly expenses, ask yourself what’s most important to you, says Alvin Carlos, a certified financial planner and founder of District Capital Management in Washington, D.C.

Then, you can pinpoint the businesses you want to prioritize.

“Maybe you say, ‘I like going to local theaters’ or ‘I like to dine out once a week,’” Carlos says.

Review your income and fixed expenses to find out how much you can comfortably spend on entertainment, dining and other categories.

Look at your recent credit card transactions and bank statements to help you learn what you typically spend and spot areas to trim.

Shift your spending strategy

Keeping your spending within budget may require you to rethink where you shop and what you buy.

Making fewer, higher-quality purchases from small businesses can save you money in the long run.

For example, frequent clothing purchases from major retailers can add up. Instead, you could invest in a few well-made pieces from a local boutique or thrift store.

Swapping your daily coffee-chain latte for a twice-a-week cup at a local cafe could be another smart choice.

“These are your friends, your neighbors, your family members that are working in these businesses,” Gore says. “And usually you’re getting better products, better services and a better experience.”

Adjusting your habits can also help you save money at businesses you already frequent.

If dining at your favorite restaurant no longer fits your budget, look for ways to lower the cost rather than cut out the business completely. Getting takeout can reduce tipping costs, Carlos says.

Carlos also recommends following small businesses’ social media accounts to get information about loyalty programs, pop-up deals and other discounts.

Your local bakery, for example, may “want to get rid of their bread at 3 p.m., or their scones, and maybe you get 20% off,” he says.

Keep convenience in mind

Lending support doesn’t always mean overhauling your shopping behavior. In some cases, all it takes is a few clicks.

Many small businesses have an online presence, Gore says, making it easy to place orders and purchase gift cards. Seeing the total before you check out can help you stick to a budget.

It’s also possible to shop small through major platforms you probably already use, such as Amazon, Etsy and food delivery apps like DoorDash and Instacart.

“If you have a friend who’s sick, go through DoorDash and order from a local restaurant or a local cookie company and so on,” Gore says. “You can still use these macro corporate accounts to impact small business if that is an easier way for you to do it.”

Spread the word

There are plenty of free ways to help out small businesses, too. Making word-of-mouth referrals, sharing social media posts and tagging others in the comments can boost visibility and bring in new customers.

“Just taking a second and popping them on your Facebook, Instagram, your TikTok, that helps them so much to get more eyeballs,” Gore says.

Writing online reviews is another way to show love.

“As a small-business owner myself, I really appreciate it when someone writes me a Google review because it really helps my business,” Carlos says.

A little effort can make a big difference.



Source link

Tags: BusinessescutcuttingSmallspending
ShareTweetShare
Previous Post

Summer Movie Coupons and Cheap Movies

Next Post

Boeing strikes $1.1 billion deal with Justice Department over deadly 737 Max crashes—and must pay $445 million to victims’ families

Related Posts

edit post
How a Personal Finance Expert Leverages Holiday Sales for Household Necessities

How a Personal Finance Expert Leverages Holiday Sales for Household Necessities

by TheAdviserMagazine
October 31, 2025
0

This fall, multiple appliances in my home announced they were done: A water line inside my washer broke, my dryer...

edit post
Meat and Potato Crust Quiche with Flax Muffins ( Family Dinner Idea)

Meat and Potato Crust Quiche with Flax Muffins ($10 Family Dinner Idea)

by TheAdviserMagazine
October 30, 2025
0

Looking for a hearty, budget-friendly meal that the whole family will love? This meat and potato crust quiche with fluffy flax...

edit post
Inside the New AmEx Centurion Lounge in SLC

Inside the New AmEx Centurion Lounge in SLC

by TheAdviserMagazine
October 29, 2025
0

American Express just opened a new Centurion Lounge at Salt Lake City International Airport on Oct. 28, 2025. Located in...

edit post
Top Sale Items You Can Donate to Your Local Food Bank

Top Sale Items You Can Donate to Your Local Food Bank

by TheAdviserMagazine
October 29, 2025
0

With food prices rising everywhere, it can feel harder than ever to give back — but helping your local food...

edit post
Southwest’s New Debit Card Lets You Earn Points

Southwest’s New Debit Card Lets You Earn Points

by TheAdviserMagazine
October 28, 2025
0

Southwest Airlines just launched a Rapid Rewards® Debit Card, and its rewards are pretty generous — for a debit card....

edit post
Best Things to Buy on Black Friday (and What Not To)

Best Things to Buy on Black Friday (and What Not To)

by TheAdviserMagazine
October 28, 2025
0

Every year around this time, I find myself asking the same question: “What’s actually worth buying on Black Friday?” I...

Next Post
edit post
Boeing strikes .1 billion deal with Justice Department over deadly 737 Max crashes—and must pay 5 million to victims’ families

Boeing strikes $1.1 billion deal with Justice Department over deadly 737 Max crashes—and must pay $445 million to victims’ families

edit post
Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker’s stock by 3%

Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker’s stock by 3%

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

0
edit post
Links 10/31/2025 | naked capitalism

Links 10/31/2025 | naked capitalism

0
edit post
29 truck carrier files Chapter 11

29 truck carrier files Chapter 11

0
edit post
Strategy’s US.8 B Profit Proves the Bitcoin Narrative & Pushes Best Altcoins like $HYPER to Soar

Strategy’s US$2.8 B Profit Proves the Bitcoin Narrative & Pushes Best Altcoins like $HYPER to Soar

0
edit post
How Much Vacation Time Are American Workers Actually Taking?

How Much Vacation Time Are American Workers Actually Taking?

0
edit post
Medpace Holdings – MEDP: Kapitalrendite besser als bei Iqvia, Thermo Fisher & Icon!

Medpace Holdings – MEDP: Kapitalrendite besser als bei Iqvia, Thermo Fisher & Icon!

0
edit post
How Much Vacation Time Are American Workers Actually Taking?

How Much Vacation Time Are American Workers Actually Taking?

October 31, 2025
edit post
Strategy’s US.8 B Profit Proves the Bitcoin Narrative & Pushes Best Altcoins like $HYPER to Soar

Strategy’s US$2.8 B Profit Proves the Bitcoin Narrative & Pushes Best Altcoins like $HYPER to Soar

October 31, 2025
edit post
Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

October 31, 2025
edit post
Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

October 31, 2025
edit post
How a Personal Finance Expert Leverages Holiday Sales for Household Necessities

How a Personal Finance Expert Leverages Holiday Sales for Household Necessities

October 31, 2025
edit post
Links 10/31/2025 | naked capitalism

Links 10/31/2025 | naked capitalism

October 31, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • How Much Vacation Time Are American Workers Actually Taking?
  • Strategy’s US$2.8 B Profit Proves the Bitcoin Narrative & Pushes Best Altcoins like $HYPER to Soar
  • Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.