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Certain foods, computers and smart phones will cost more in 2013

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This New Year, saving money is going to be a little harder to do on things like smart phones, food and cars.

That's all thanks to things like last year's drought, technology and higher prices on precious metals.

One of the things expected to go up in price is what many of us call our ‘lifeline,’ the smart phone.

If you’re New Year’s resolution was to save money this year, it may be harder than you first thought.

Gas prices may be falling but cars that run on it will get more expensive.

That's because President Barack Obama's administration issued new standards that require automakers to improve fuel efficiency.
The cost of upgraded engines alone is driving up prices.

And you can blame last year’s drought for higher prices on things like cereal and bread.

That same drought can also be blamed for higher prices on things like dairy products.

2013 will also see four and a half to almost five percent hike in shipping costs from both UPS and FedEx. Those are scheduled to start sometime next week

There's bad news for college students as well.

Tuition usually increases from year to year, but this time, many states won't be able to subsidize student’s tuition.

Plus, financial aid and grants won't be rising too match the costs either.



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