6 Ways To Combat Inflation Blues

1. 6 Ways To Combat Inflation Blues

2. It’s all we ever hear about on the news at the moment: rising inflation rates here, and soaring costs for consumers there; after a while, it can be more than a little overwhelming and depressing. While many Canadians have money woes, things seem to have gotten even tougher of late, and a lot more people are struggling to battle the inflation blues, which for some people, can contribute towards feelings of anxiety and depression. Fortunately, mental health and the issues surrounding it have also been getting a lot of news coverage of late, meaning that more and more people are aware of the advantages of caring for their mental health, and the ways in which they can do it.

3. If inflationary stress is getting you down, here are 6 great ways to save money and beat off the blues (note that seeking help from a mental health professional is also recommended if you’re really struggling): 1. Assess your budget and review it Take a good long look at your spending habits and see if there are ways in which you might be able to cut back, without compromising your happiness and health. Sometimes, even the tiniest of adjustments can relieve some of the burden.

4. 2. Think creatively about your finances From carpooling and couponing, to good old bartering, rack your brains as to how you might be able to save money in ways that you may not ordinarily have considered. 3. Invest wisely Some investments, such as Gold and real-estate, are usually solid ways to invest money, and could help you ride out the inflation storm.

5. 4. Keep yourself informed Don’t bury your head in the sand when it comes to inflation and your finances; the best way to make informed decisions about your money, is by getting in the know, and staying in the know. You can do this by checking inflation rates, watching the news or even talking with a professional. 5. Create an emergency fund Unexpected expenses can occur at any time, but they are least welcome in times of financial hardship. To prevent an emergency from wiping out your savings, start an emergency fund by deciding how much you’ll try to save in total, where you’ll keep the money, and how much you’ll be able to put aside for it each month.

6. 6. Review your mortgage with a local broker Reviewing your mortgage rate is arguably one of the first things you should do when facing any kind of financial pressure or hardship such as rising inflation; it can help save you money in the long run and better manage your finances when times are hard. Schedule an appointment with a local mortgage broker and together, you can sit down and assess your current rate before seeing if there are any opportunities to refinance or renegotiate your terms. But don’t worry, your mortgage broker will do all of the legwork for you, you just need to sit back and let them help you!

7. Even if your financial situation seems unbearably tight and you can’t imagine any ways to save money when inflation rates rise, there are usually at least a couple of avenues you can explore to ease your bank account, and ease your mind, too. Mortgage-broker-Calgary is your best resource for finding a mortgage for your property. Luke Wile, is the best mortgage broker in Calgary and is proud to serve clients from across Canada, while being centered in Calgary, Alberta. Luke is proud to serve his clients with a personalized approach to finding his clients the best and lowest Canadian interest rates and terms offered by the major banks and private lending institutions. If you are looking for best mortgage rates in Calgary, with Luke Wile you can get fast and personal expertise for your mortgage. Contact us today!