Many people want to scale back spending as the new year kicks off; however, spending in January can help you save big on these 4 key expenses.
January isn’t just about getting to work on your New Year’s resolutions; it’s also a great time to spend money. While it’s true that “saving more and spending less” is a common way that people try to start the new year, for small-business owners, spending now will likely save more down the road, as many businesses offer significant discounts during this month.This January in particular, benefits from several other larger trends could potentially save you thousands of dollars.
According to the Bureau of Labor Statistics’ latest jobs report, it’s a terrible time to be unemployed. Last month, only 74,000 jobs were created, less than a third of what we need to make a serious dent in unemployment. Even worse, only two out of three working-age people in the U.S. are actually working. That’s the lowest percentage since the mid-1970s. This situation creates a huge supply of unemployed people. Combine this with the fact that a high percentage of these unemployed have been that way for months or years and the opportunity to find talent at an affordable price increases.