A Note from Sir Kadean
With the implementation of new tariffs in 2025, certain wares are
expected to experience price increases ranging from 10% to 60%,
depending on the product category, source, etc. This list serves as a guide
to aid thee in planning wisely by bringing awareness to possible
impacts--this is not to incite panic buying.
Guidelines:
● Take Stock of Thy Needs and Inventory: Purchase items you
anticipate needing within the next year to avoid potential price
hikes.
● Shun the Siren Call of Excess: Do not acquire goods you don't
require, as this can lead to wasting your funds unnecessarily.
● Seek the Fellowship of Resources: Community is stronger than any
of us individually! Consider local swap programs, secondhand
markets, or borrowing from neighbors and friends, pooling
resources, etc. to manage costs collaboratively.
Electronics & Tech
Smartphones
Laptops & PCs
Televisions
Gaming consoles
Audio Equipment: (speakers, headphones)
Other tech accessories (monitors, keyboards, etc)
Home
Appliances: (Fridge, oven, washer/dryer, microwaves, coffee makers,
etc)
Furniture: (chairs, desks, bed frames, mattresses, sofas, outdoor
patio sets, etc)
Home goods: (Cookware sets, knives, bed linens,, towels, rugs, decor
items, etc)
Home Improvement projects
Solar panels
Home buying: If you're considering buying a home, now may be the time
to act. Mortgage rates are nearing 7% and are expected to remain high into
2025, influenced by strong economic data and potential inflation from
proposed policies, such as higher tariffs on imports. These tariffs could
also increase construction costs, further driving up home prices.
Additionally, proposed reductions in housing program budgets may limit
assistance options for buyers. These factors are anticipated to reduce
affordability, particularly for first-time buyers, and create additional
financial strain for those seeking to enter or stay in the housing market.
Vehicles
Spare parts: (brake pads, tires, etc)
Bikes & bike parts
General vehicle maintenance
Car buying: If you're considering buying a car, now may be the time to
act. Proposed tariffs on imported vehicles and parts could significantly
increase car prices in 2025, with some models expected to see price hikes
of 10% or more. Rising interest rates are also making auto loans more
expensive, adding to the overall cost of vehicle ownership. Acting now
could help you avoid higher prices and secure better financing terms
before these changes take effect.
Finances
Get some cash to have on hand
(Also consider some foreign currencies)
Renew credit and debit cards for longer expiration date
Request a credit increase
Notarize your will
Create a trust
Create a savings plan
Consider investing in gold
Consider moving your money into other currencies (open foreign
bank account(s))
Imported Food Staples
Olive oil
Coffee
Tea
Wine & Spirits
Spices
Tinned fish
Chocolate
Other Items to consider
Clothing & Shoes
Toys
Pet toys & accessories
Personal Protective Equipment (PPE)
Personal medical devices (ex. bp monitors, syringes, needles, etc)
Community Reminder
In times of rising costs, leaning on community resources can help
ease the burden. Sharing tools, supplies, or bulk purchases with
neighbors or local groups can reduce individual expenses.
Community gardens, co-ops, and bartering systems are excellent
ways to access essentials like fresh produce or services without
overspending. By coming together, we can help one another
navigate these changes more sustainably and affordably.
Reminder to Purchase with Intent
Cancel nonessential subscriptions
Boycott brands that donated heavily to the red or against
watermelon
Buy local, small, and from black & minority owned businesses
