Although we've seen prices fluctuate in 2012, some consumer reports say we will see the cost of four things in particular rise. Let's take a look at what they are and at the reasons they are expected to go up.
If we told you economists are predicting four things to cost more this year, what would you think those four things are?
“La gasolina, la luz, y el agua y la basura"
"Everything... clothes. I don't really know. Groceries! I'm sure."
"Los carros, las casas, la gasolina"
If you're like most, you'll think it's gasoline which goes up and down while steadily climbing, but this next consumer just about nails it. “I think food prices are going to go up. Gas is going to go up. Automobile prices are going to go up. And I think there's going to be an increase in just about everything pretty much."
In a nut shell, it's cars, groceries, health care and tuition. Cars will increase in price, due to higher fuel efficiency standards on all new vehicles. Guess who's paying for that? Yes, you. Last year's drought comes back to haunt us in the form of higher food prices. Ouch. If you're not in real pain, wait until you are. Health care is rising after employers pass along the cost of their increased premiums to you. That leaves university tuition. You guessed it, it's going up, about five percent nationally. "l do plan on going to school. So, you know it will probably put a dent in my wallet."
So, if we're headed for hard times, you may be tempted to shop all the holiday sales, but here's some advice: Don't need it, don't buy it. You'll save a lot more money in the end.
When it comes down to the basics: “Waste less and try to keep to your budget."
Reporting for KGNS, Valerie Gonzalez-Sanchez, coverage you can count on.