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 withstand in the current year. Here is an overview of just some of the things that will cost more in this young year.
Things that will cost more: food
According to the United States Department of Agriculture, food costs are anticipated to rise by as much four percent in 2013. Much of that is due to the drought last summer. For a typical household, that could mean paying as much as $40 more at the grocery checkout each month.
Breakfast cereals and baked goods will go up by as much as 3.5 percent, according to the USDA.
But it is not just vegan foods that will cost more. The drought also caused the price of feed grains to rise, increasing the price of meat and eggs and milk and cheese and butter.
Pay more for your car
Because of federally mandated fuel efficiency standards, car makers are forced to invest in new technologies and develop cleaner but more costly engines. Much of that cost is being passed on to the buyer at new car dealerships in 2013. How much varies by car maker and model. According to United States News and World Report, the price of a midsize Toyota Camry will go up about $175 this year. The increased end Lexus CT 200h, however, will set buyers back $3,000 more than it would have last year.
Things that will cost more: health insurance
Aon Hewitt is an HR firm that explained that American consumers will be paying a typical of $267 more this year for health insurance. This is because employers are being forced to pay increased insurance premiums in 2013 due to Obamacare.
Boost in smart phone costs
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 service providers will follow suit. It used to be that consumers could get a cheaper cellular phone if they signed a long contract with the cell company, but that is starting to disappear.
See baseball and enjoy yourself
The New York Mets new "dynamic pricing" strategy raises the price of the affordable seats. For opening day those seats will cost $63, which is more than double the cost from 2012. Meanwhile, other teams, such as the KS 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 costs, so you may still get an inexpensive seat at a game.
Things that will cost more: food
According to the United States Department of Agriculture, food costs are anticipated to rise by as much four percent in 2013. Much of that is due to the drought last summer. For a typical household, that could mean paying as much as $40 more at the grocery checkout each month.
Breakfast cereals and baked goods will go up by as much as 3.5 percent, according to the USDA.
But it is not just vegan foods that will cost more. The drought also caused the price of feed grains to rise, increasing the price of meat and eggs and milk and cheese and butter.
Pay more for your car
Because of federally mandated fuel efficiency standards, car makers are forced to invest in new technologies and develop cleaner but more costly engines. Much of that cost is being passed on to the buyer at new car dealerships in 2013. How much varies by car maker and model. According to United States News and World Report, the price of a midsize Toyota Camry will go up about $175 this year. The increased end Lexus CT 200h, however, will set buyers back $3,000 more than it would have last year.
Things that will cost more: health insurance
Aon Hewitt is an HR firm that explained that American consumers will be paying a typical of $267 more this year for health insurance. This is because employers are being forced to pay increased insurance premiums in 2013 due to Obamacare.
Boost in smart phone costs
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 service providers will follow suit. It used to be that consumers could get a cheaper cellular phone if they signed a long contract with the cell company, but that is starting to disappear.
See baseball and enjoy yourself
The New York Mets new "dynamic pricing" strategy raises the price of the affordable seats. For opening day those seats will cost $63, which is more than double the cost from 2012. Meanwhile, other teams, such as the KS 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 costs, so you may still get an inexpensive seat at a game.
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