OMG. What are we going to do now that all these prices are going up? With over forty years in purchasing and procurement, I have done extensive research with my sources in the business community and have identified seven steps to minimize the impact of this crisis on your life.
If you work in the transportation industry, prepare for a possible layoff. Depending on the impact of these higher costs you may have cutbacks on the amount of time you work. Cut back on expenses. Don’t take out any more debt. Try to save as much as you can. Don’t buy frivolous items. Sodas, coffee, lunch or dinner, alcoholic beverages, or lottery tickets are a few things I will eliminate. For the most part it may not affect you at all.
Buy American made. I am talking about things that are made from beginning to end in this country. In our area this is the season for local festivals. Handmade gifts are in abundance at these annual events.
Make your own gifts. You have time. Draw or paint a picture. The next time a friend or family member tells you they like a painting or t-shirt that is a simple design. Get the materials to make it and give it a shot. My walls are festooned with creations from makers I have known for years. Every morning an eagle swoops down on me in bed. Identify what your talent is and create something.
Buy early. Christmas is coming. It will be the same day as it has for over two thousand years. Buy now. Do not wait. I like to save money as well. This is not the year to pass what you want or need because it may be cheaper tomorrow.
Do not create shortages where they are not needed. Did you know that much of the toilet paper and paper towels used in this country are produced in this country? Remember the TP shortage during the COVID pandemic? That was due to shipping problems because there was a truck driver shortage.
Reduce, reuse, recycle. That was popular in the 1970s. Bring it back. Don’t buy things you do not need. Need another piece of furniture? Repurpose something you already have. When I say recycling, I mean give or sell things that are perfectly good to someone else. We have been selling and donating items we have stored for years. We need the room. We do not need the stuff.
Buy items coming in from nontariff Countries. Forget Canada, Mexico, and China or any other country that haven’t kissed the ring. Freight comes in from north, south, west and east. Now is the time to limit ourselves.
There are probably other ways you can think of to save stress over this increase in prices. I won’t call it inflation because certain people don’t want anyone to use that word. I would love to hear your comments. You might be the person who has a better idea than all of us talking heads. Or in some cases the other end of the donkey.
©Copyright 2025 by Charles Kensinger
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