How to cut spending without cutting out small businesses
- Small businesses face significant financial uncertainty in 2025, with owners seeking ways to cut spending without harming local enterprises.
- This challenge arises amid changing tariffs, tax policies, and shifts in consumer spending, making business planning difficult according to experts.
- Many small businesses maintain online storefronts enabling easy ordering, gift card purchases, and discounts like possible 20% off from local bakeries near closing time.
- Elizabeth Gore stated, "There's just so much up in the air," while Alvin Carlos advised, "ask yourself what's most important to you" when budgeting monthly expenses.
- Supporting local businesses through online orders, social media sharing, and Google reviews can boost visibility and keep communities economically resilient.
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How to cut spending without cutting out small businesses
By Lauren Schwahn, NerdWallet 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-foun…
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Total News Sources12
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
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70% Center
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C 70%
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