15 Things That Are Actually Going Down in Price
We're always complaining about prices going up and how much more expensive things have become. But what about things that are actually going down in price? In this blog post, we'll highlight fifteen items that have become cheaper over the last few years. Â
1. Televisions
Can you imagine there was once a time when people were spending tens of thousands of dollars on a standard-size television? The cost of TVs has decreased steadily over the years. With so many technological advancements and several options on the market, retailers are forced to lower prices to stay competitive.
2. Smartphones
Although several high-end models can still be quite pricy, there are many more budget-friendly smartphones on the market than ever before. Companies recognize that there's a market for consumers who want a reliable smartphone at a lower cost. Plus, many carriers offer monthly payment plans to make purchasing a new smartphone even easier.
3. Car Rentals
If you're hoping to rent a car, now is the best time to do so. The cost of getting a rental has been steadily declining as several new rental car companies have entered the market. Also, with the introduction of ride-sharing services, rental companies are lowering their cost to be competitive.
4. Pet Supplies
In recent years, more people have recognized the importance of having a pet than ever before. The demand for pet supplies skyrocketed. As more and more customers prioritize purchasing supplies and accessories for their pets, the prices have slowly decreased.
5. Used Cars
If you're in the market for a car but don't want to pay full price, you may want to consider buying used. The price of used cars has been dropping in recent years, making it a more affordable option for many people.
6. Smart Home Assistants
If you're into tech, now is a great time to invest in smart home assistants like Alexa and Google Home. With new companies entering the market and technology rapidly advancing, new models are constantly being released.
7. CameraÂ
There was once a time when anyone who wanted to take photos of their family needed to purchase a camera. Now, everyone has a smartphone at their disposal, causing a decrease in the cost of the average camera. Although high-end cameras can still be quite expensive, more affordable options are available than ever.Â
8. Office Space
With the rise of remote work and the increase of coworking spaces, traditional office rental prices have dropped significantly. This is great news for small business owners who are looking to save some money on office rent and overhead costs. Plus, with the flexibility of coworking spaces, it's easier than ever to find a workspace that fits your needs and budget.
9. DiamondsÂ
Natural diamonds aren't viewed with the same prestige as they used to be. Many people choose to purchase lab-grown diamonds and other precious stones for their jewelry instead. You can now get a beautiful, high-quality diamond at a more affordable price than ever before.
10. Solar Panels
As more and more people are becoming environmentally conscious, the demand for solar panels has increased. This increase in demand, better manufacturing practices, and increased plant sizes have decreased prices, making it more accessible for homeowners to invest in solar energy.Â
11. Travel
With the rise of budget airlines and travel apps, finding affordable flights and accommodations is easier than ever. Plus, many popular tourist destinations have seen a decrease in prices due to increased competition.Â
12. Gym Memberships
The pandemic has seriously impacted the way people view gyms. With the rise of boutique fitness studios and at-home workout options, traditional gyms have had to adjust their prices to remain competitive. Many have even created social media accounts to post free workout content online to attract potential members.Â
13. Books and Audiobooks
The cost of books and audiobooks is decreasing as digital reading options are becoming more popular. Apps like Audible and subscription services like Kindle Unlimited have made it easier than ever to access your favorite books from your favorite authors at much more affordable rates than before.Â
14. HotelsÂ
The pandemic has seriously caused the hotel industry to suffer a serious loss. Many companies that would have had conferences held at hotels and business trips that require booking hotel rooms have begun using virtual platforms more often. Plus, with the rise of Airbnb and other home-sharing options, people aren't booking hotel rooms as frequently. Traditional hotels have had to decrease their prices to remain competitive.Â
15. Eggs
Can you imagine there was a short period when some people could barely afford to buy eggs? The “eggflation” phenomenon of the early 2020s essentially turned omelets into a luxury meal. But thankfully, the cost of eggs has decreased considerably as the supply has increased.Â
She started her blog, The Money Dreamer, when she realized the 9-5 job was not the lifestyle she wanted anymore. After designing for a while, she wanted a more meaningful life, which was freedom, so she decided to venture out. She took action so that she can live her dream life and decided to help people to live theirs by helping them how to save, budget, and invest.
