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Don't Waste Your Money: Some items are cheaper in 2020

Posted at 7:21 PM, Aug 17, 2020
and last updated 2020-08-17 20:21:52-04

It might seem that everything is more expensive this year, especially if you check your grocery bill.

But some things are costing less, so you don’t waste your money.

We're all familiar with all the items that are costing us more this year.

From steak to milk to disinfecting wipes - if you can find any.

But it turns out the pandemic is sending some prices lower!

A few weeks back, we spoke with barbecue truck owner Tyrique Ramsey, who is struggling with the soaring price of beef.

"It's almost like double, or triple,” he said.

While beef prices are now easing, grocery prices are up 3 percent this year.

But a new report in lists some things cheaper in 2020.

Among them:

  • Clothing, with 60% discounts now common on clothes for work or social gatherings.
  • New cars: Hyundai is offering 0 percent financing, while others are offering big cash back bonuses.
  • Mortgages, near an all time low of 3% on a 30-year.
  • Gas: It's up a bit now, but still well below its 5-year average price.
  • Credit reports: The Big 3 agencies are making them free this year.
  • And travel: with $400 hotel rooms in some big cities now going for $100 a night.

But from the doesn't that stink file, one thing rising in price are used cars.

The average used car is now $21,000 according to USA, up $700 this summer.

That’s because of short supply and high demand for cheap used cars now.

Want a deal? Buy a car, not an SUV as prices are dirt cheap on unloved sedans.

So not everything is costing more this pandemic year.

And good news if cash is tight, so you don't waste your money.