Tag Archive: Finance


Budget for spending

Filed under: Vegtable soup by Kevin Griffiths — Leave a comment
March 20, 2025
BC Debt explosion,Fraser institute…

Borrowing for roads and hospitals…

So in the demographic situation of life we are in retirement. The baby boom generation well before birth control born mostly in the ’50s. There’s a double-edged sword here. Law of services need to be paid for. A lot of assets are changing from one generation to the other. And there’s no easy way to do that. Somebody’s got to pass on….

Debt will be approaching. $30,000 for every man, woman and child in British Columbia by the end of the current budget fiscal plan, that would leave about 155 billion of death of service which will put a big lobby on keeping interest rates down. Maybe some help for mortgages that way. But for the assets that are changing very rapidly from one generation to the next, it may be costing them.KDG

Around Again

We saw this phenomena before, The federal liberal government changed into a conservative government after a significant public debt have been acquired and their strategy back then was to pay the interest because a lot of it went to the people that had Canada savings bonds. However, when the conservative governments got in, they attacked deficits and unfunded liabilities aggressively bringing down mortgage rates + income levels on assets for people at the same time.

It’s important who holds our debt in-house which may be coming sooner than later. Is psychologically better as well as materially better, however it does take an effect on the sense of belonging to One World

Let’s hope for blue skies and 😎 sun when we need it in coming days…

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TGIF-sustained relief of inflation…

Filed under: Finance by Kevin Griffiths — Leave a comment
May 3, 2024

How to cope or better with home purchase or maintence

Owning a house during inflationary times with high lending rates can be challenging, but there are strategies to help navigate the situation:

  1. Refinance: Consider refinancing your mortgage to lock in a lower interest rate. This can help reduce your monthly payments and provide relief from high lending rates.
  2. Fixed-rate mortgage: If you have an adjustable-rate mortgage, you may want to consider switching to a fixed-rate mortgage to provide stability in the face of rising interest rates.
  3. Reduce expenses: In times of inflation, it’s important to tighten your budget and reduce unnecessary expenses. This can free up funds to cope with increased mortgage payments.
  4. Invest wisely: Consider diversifying your investment portfolio to include assets that can act as a hedge against inflation, such as real estate investment trusts (REITs), inflation-protected securities, or commodities.
  5. Renegotiate terms: If possible, try to renegotiate the terms of your mortgage with your lender to see if there are any options to mitigate the impact of high lending rates.

Remember, consulting with a financial advisor or a real estate expert can provide personalized advice based on your specific circumstances.

Good luck

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