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From big-ticket imports to daily essentials, knowing what to prioritize now could help you avoid paying more later.

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The news is still very new and a lot could change."

“Let’s not go full 2020 toilet paper crisis mode.

“I’d focus on big-ticket items.

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If you’re planning to buy a car and prefer an imported one, expect an immediate price impact.

Only buy what you need, and avoid panic buying.

And I ask, ‘Well, do you need a car?'”

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certified financial planner Scooter Thomas tells Good Housekeeping.

“Do you really need a new iPhone?

Maybe not, right?”

Young girl looking bored while playing at a school desk.

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But if it’s something you were already planning on buying, go for it.

“If you’re going to stockpile, consider the basics you regularly use and that won’t expire.

Toilet paper, shampoo, soap and other non-perishable items.

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Make a plan, create a list, and stick to it.