Just read an article in the local paper discussing what to buy and what not to buy ahead of the price increases and potential short supplies.
Are you expediting any purchases?
Just read an article in the local paper discussing what to buy and what not to buy ahead of the price increases and potential short supplies.
Are you expediting any purchases?
No.
I’m not stockpiling TP and the like, but I just ordered 2 packs of my favorite (and very expensive!) moisturizer from Costco. Made in a European country. There is a good chance I’d have to go to Europe to buy it in the future.
According to the article, it makes sense to expedite electronics and furniture purchases if one thinks they are going to buy them anyway in the next 6-12 months.
D2 needed to get a new iphone since hers started having issues after almost 4 years. She got a new one this week.
Ds just upgraded his iPhone with a special Verizon is having. I dislike updating, I don’t need a nice phone, I’m not good with change, I usually upgrade when the battery won’t hold a charge (I have an 8). Of course Verizon racked on about $30 worth of extras that took me several chats to fix (I was actually on one when he headed over, adding him as authorized, a text popped up about added device protection, the person I was chatting with said she didn’t see it). I might have to give in and trade my phone in
. I think there will be a “bump” to PCE (Personal Consumer Expenditures - I think that is the measure I am referring to, but could be wrong) that Trump will tout as a good thing, and then it will rapidly fall.
I’m not stocking up on anything. In fact, I’m trying to be very mindful of any spending I do. We’ve gone from getting deliveries just about every day to just a couple of times a month.
My husband had been talking about getting a new car for quite a while. I made him buy one in January. I didn’t want to deal with a mob of other buyers if/when tariffs were announced.
My iPhone screen just crack so I will be getting my free update from Verizon. I don’t usually add on insurance or any accessories at the time of purchase, but I might this time around.
I got a new phone this week, too. My 8 year old Google Pixel just happened to die. I guess it was good timing.
We’ve been doing a no/low buy year (with caveats*) and so have only been replacing items that have run out, worn out or no longer work as intended.
Our overall plan to to continue to reduce consumption, so while we are very much expecting tariffs to have a real effect on the cost of living - we also can’t imagine being able to do all that much stockpiling that would be helpful for how we live.
*Caveats include:
Birthday gifts for the kids
Holiday meals (we go all out for these)
Stocking up my stock portfolio…
Nope
Only thing was I bought a couple of pair of running shoes. I opened my last pair a few weeks ago and I like to have 1-2 pair in reserve if I can. I add a new pair to my rotation every 3-4 months.
I typically wait until a new model comes out, and I can buy the old on sale, but this time I just went ahead and bought them regular price minus a coupon code.
That could apply to anything where brands/models subject to tariffs make up much of the market share of the type of goods, if you assume that the tariffs will be implemented and not suspended/delayed/rescinded/etc..
Tariffs on automobiles are already in force. Ditto vast majority of electronics because they are made in China. If tariffs are not suspended, when the current inventory is depleted, all bets are off.
Nope.
Nope.
Tariffs have been paused. ![]()
Nothing tariff-related, but plan early/bigger Roth conversion if market drops another 10%
There is an enormous amount of uncertainty about potential future tariffs – when or if they will occur, which countries/products, magnitude of tariffs, and how the tariffs will impact prices. With this much uncertainty and no big purchases planned, I am not changing any shopping type purchases.
One change I have made is pursuing tax loss harvesting – selling one fund that is at a loss, then “stocking up” on another fund or combination of funds with near 100% correlation.
No. If things get too expensive, I will either live without or find a way to get necessities as inexpensively as possible.
On certain countries, and only the proposed additional ones.
We traded in our 2007 Toyota in January and plan to get new phones as ours are getting wonky. I did pick up a bottle of vanilla and a bottle of olive oil and a few bottles of French wine. It won’t get us far but that as much as I am doing now.