First it was eggs, now it’s everything else! Navigating the Internet of your favorite online shops may soon feel like a balancing act between desire and budget. Here’s how the recent tariffs are poised to affect the price of everyday items you regularly buy.
Fashion
The fashion industry is bracing for impact as tariffs on imports from countries like China, Vietnam, and Bangladesh threaten to drive up clothing prices. Just look at what’s happening at Lululemon and Nike. With more than 98 percent of U.S. apparel being imported, these tariffs could mean higher costs for your wardrobe staples.
How to protect your coins: consider exploring local boutiques, consignment shops or brands Made in America to keep your style fresh without stretching your budget. More: The Guardian
Home Décor
Dreaming of a She Shed or HGTV-style room renovation? Furniture and home décor items, many of which are imported, could see major price hikes due to increased import costs.
How to protect your coins: now might be the right time to finish up those home improvement projects before the tariffs kick in. More: CBS News
Toys
Mamas, take note on the state of play in your household: toys like Barbie and Hot Wheels could become more expensive as companies like Mattel face increased overseas production costs due to the new tariffs.
How to protect your coins: plan ahead for birthdays and holidays might help you avoid the pinch of rising toy prices. More: CBS News
Groceries
Your weekly grocery run could become even more costly, with staples like produce and meats potentially getting even more expensive because of the tariffs.
How to protect your coins: consider buying some egg-laying chickens, start growing a garden and shop at local farmers’ markets and butcher shops to find better prices on the foods you love. More: CBS News
Strategies to Keep Your $$ Up
While the prices on products you love is shifting, there are more ways to take proactive steps to protect your pocketbook, like:
- Stay Informed: Subscribe to The Financial Glow-Up to stay informed.
- Share: this story with a friend who needs to read this.
- Shop Smart: Look for sales, buy in bulk, and buy generic brands.
- Support Local: Buy from local artisans and farmers whenever you can.
What did I miss, sis? Help the Glow Girl Nation stay informed and keep more of our money by adding your own tips and advice by sending an email to: info [at] glowstreamtv [dot] com.
