The price of Forever stamps is set to increase on July 9, 2023, according to the United States Postal Service (USPS). To avoid paying the higher price, it’s a good idea to stock up on stamps before the increase takes effect. Currently priced at 63 cents, the cost of a Forever stamp will rise to 66 cents, an approximate increase of 5.4%. While this may seem like a small amount, in today’s economy, every penny counts.
Forever stamps are a convenient option for those who frequently send mail. As the name suggests, they can be used to mail a one-ounce letter regardless of when they were purchased or used, and no matter how prices may change in the future. This makes stocking up on Forever stamps a smart move, as they will continue to be valid even after the price increase on July 9.
This is the second price increase for Forever stamps this year. On January 22, 2023, the price went up from 60 cents to 63 cents. According to the USPS, both increases were implemented to offset the rise in inflation, which continues to impact various everyday expenses.
In addition to Forever stamps, the cost of other types of postage will also increase on July 9. Sending a domestic postcard will go from 48 cents to 51 cents, while the cost of sending an international letter (1 oz.) or postcard will increase from $1.45 to $1.50. These price changes reflect the ongoing effects of inflation on postal costs.
To ensure you don’t end up paying more for your postage needs, it is advisable to replenish your stamp supply on or before Saturday, July 8. By doing so, you can lock in the current prices and avoid the upcoming increase. While the price difference may seem insignificant, it can add up over time, especially for those who rely on stamps frequently.
It’s worth noting that the Forever stamp was introduced in 2007 as a way to provide convenience and stability to customers amid fluctuating postage prices. Since then, it has been a popular choice for many individuals and businesses alike.
In conclusion, if you’re looking to save a few cents on postage, it’s recommended to stock up on Forever stamps before July 9. With the price set to increase by approximately 5.4%, purchasing stamps at their current price can be a wise financial decision. Remember, Forever stamps can be used regardless of future price changes, making them a valuable asset in mailing letters and packages. So, take advantage of the opportunity to stock up on stamps before the price hike and enjoy savings in the long run.
