How you can save and make money during COVID-19 pandemic

RAPID CITY, S.D. — Since COVID-19 hit the U.S. we have heard countless stories about job loss and employers having to cut employee hours.

All over the world there has been a surge in layoffs, sending millions of people into uncertainty. Many Americans are concerned about basic expenses and those bigger payments such as car loans and mortgages.

Consumer Credit Counseling, spoke with NewsCenter1 about how we can save money and take steps to be financially responsible during this time.

“The first thing people want to do is look at where there money is going. What are their expenses? Are they spending money in areas that don’t bring them value? If they are, they need to discontinue it,” says Bonnie Spain, with Consumer Credit Counseling.

If you have loans that you currently are unable to pay, reach out to your loan providers.

For those with student loans, you can freeze the federal loans, but you have to request for the freeze from your provider.

If you’re out of a job, reach out to the Department of Labor, either by phone or online.

“If you haven’t applied for unemployment, make sure you do so. We know their phones are busy but keep trying,” says Spain.

Lastly use your technological resources. Clean house and put items you don’t use on a virtual sale website or app such as OfferUp or Facebook Marketplace.

If you have a skill, such as knitting or sewing, try selling your creations.

You can find a list of useful money saving and moneymaking apps/websites listed below.

•Coupons/ Company Flyers — Flipp

• Savings/ Money Collection — Acorns

• Secondhand Sales — Letgo

•Secondhand Sales — thredUP

• Secondhand Sales — Poshmark

 

Categories: Coronavirus, Local News, South Dakota News

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