Most consumers will be paying more for taxes in 2013 than they did in 2012. However, that is not the only bite your pocketbook will endure in the current year. Here is an overview of just some of the things that will cost much more in this young year.
Food getting more costly
In 2013, food costs will increase by around four percent, according United States Department of Agriculture. The draught this year caused enormous increases in food costs, which means $40 a month additional for families.
Breakfast cereals and baked goods will go up by as much as 3.5 percent, according to the USDA.
The price of grains and goods linked to it (such as milk, meat and eggs) will also be increasing.
Pay more for your car
Depending on the manufacturer, you will be paying more money for automobiles in 2013. For example, the Toyota Camry will cost $175 more this year, though a $3,000 increase in price was put on the Lexus CT 200h. The reason behind the price increase is that the federal government is requiring automakers to start producing cleaner automobiles with higher fuel efficiency standards. That means more money has to go into research, and automakers have to pass the cost down somehow.
Paying more for insurance
Aon Hewitt is an HR firm that explained that American consumers will be paying an average of $267 more this year for insurance. This is because employers are being forced to pay increased insurance premiums in 2013 due to Obamacare.
Pay more for your smartphone
DealNews explained that T-Mobile is going to start charging full price for cell phones in 2013, which could very well mean that other cell companies will follow suit. It used to be that consumers could get a cheaper mobile phone if they signed a long contract with the cell company, but that is starting to disappear.
Things that will cost more: baseball tickets
The New York Mets new "dynamic pricing" strategy raises the cost of the inexpensive seats. For opening day those seats will cost $63, which is more than double the cost from 2012. Meanwhile, other teams, such as the Kansas City Royals and the Seattle Mariners, are also raising ticket costs.
The Boston Red Sox, Chicago Cubs and other fan-friendly teams are keeping their lower prices, so you may still get a cheap seat at a game.
Food getting more costly
In 2013, food costs will increase by around four percent, according United States Department of Agriculture. The draught this year caused enormous increases in food costs, which means $40 a month additional for families.
Breakfast cereals and baked goods will go up by as much as 3.5 percent, according to the USDA.
The price of grains and goods linked to it (such as milk, meat and eggs) will also be increasing.
Pay more for your car
Depending on the manufacturer, you will be paying more money for automobiles in 2013. For example, the Toyota Camry will cost $175 more this year, though a $3,000 increase in price was put on the Lexus CT 200h. The reason behind the price increase is that the federal government is requiring automakers to start producing cleaner automobiles with higher fuel efficiency standards. That means more money has to go into research, and automakers have to pass the cost down somehow.
Paying more for insurance
Aon Hewitt is an HR firm that explained that American consumers will be paying an average of $267 more this year for insurance. This is because employers are being forced to pay increased insurance premiums in 2013 due to Obamacare.
Pay more for your smartphone
DealNews explained that T-Mobile is going to start charging full price for cell phones in 2013, which could very well mean that other cell companies will follow suit. It used to be that consumers could get a cheaper mobile phone if they signed a long contract with the cell company, but that is starting to disappear.
Things that will cost more: baseball tickets
The New York Mets new "dynamic pricing" strategy raises the cost of the inexpensive seats. For opening day those seats will cost $63, which is more than double the cost from 2012. Meanwhile, other teams, such as the Kansas City Royals and the Seattle Mariners, are also raising ticket costs.
The Boston Red Sox, Chicago Cubs and other fan-friendly teams are keeping their lower prices, so you may still get a cheap seat at a game.
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