Four Major Things That Will Cost More in 2011
If you're wishing you could have just slept in today...here's a list to remind you why you can't AFFORD to. These are four major things that will cost more this year than they did in 2010...
#1.) Groceries. The Department of Agriculture predicts a two to three percent increase in the cost of all food in 2011, mainly because the prices of corn and soybeans are going up.
--But food prices went up by almost 6% in 2008, so we should probably consider ourselves lucky this year.
#2.) Clothing. The price of clothing has been going down for the last decade. But cotton is 80% more expensive than it was at the beginning of 2010. And some clothing brands are increasing their prices by as much as 10% in 2011.
#3.) College. This year, the tuition prices at four-year universities is up by almost 5% for private schools, and 8% for public schools. That's why a lot more people are going to community college first, then transferring.
#4.) Gas. The former president of Shell Oil recently predicted that gas will cost FIVE DOLLARS A GALLON by the end of the year, which is about $2 higher than the current national average. Let's hope he's wrong.