Life's Necessities Could Cost You $3,794 More in 2013

These days, it seems most everyone buys most everything online. That's bad news for two reasons. First, the more sales tax deals Amazon.com (AMZN) signs with several states, the more likely you are to get hit with higher transaction costs on online purchases. And that's just the start. After you've bought an item online, you still have to get it shipped.

That's particularly distressing, because in December, both FedEx (FDX) and UPS (UPS) announced they're raising rates. FedEx says it's hiking the cost of shipping via FedEx Express by 3.9% on Jan. 7, and upping the cost of FedEx Ground service by 4.9%. Taking its cue, UPS said it will raise its own UPS Air rates 4.5%, and UPS Ground will cost 4.9% more.

Now consider that InternetRetailer.com estimated that the average consumer spent about $1,207 online in 2012. Consider further that although many online stores advertise their goods as coming with "free shipping," there's rarely such a thing as a free lunch. Generally speaking, when an e-tailer says it will ship something "for free," it means the shipping cost has been built into the item's price. That being the case, online shopping in 2013 could conceivably cost you $47 more than it did last year... just to guarantee FedEx and UPS their Christmas bonus.

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Source: http://www.dailyfinance.com/2013/01/02/lifes-necessities-could-cost-you-3-794-more-in-2013/

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