Set aside each month has become the priority of a good number of French people. But we never know where to start. Discover today
5 easy-to-implement tips to save money every day. \n
Learn how to do your accounts and better manage your budget
\nThe first reflex you must have when you want to limit your unnecessary expenses and save is to
make your budget at the start of the month. You must know from the first day of the month how much you have left to pay for your food shopping, once all your expenses are deducted. \n\nMoreover, we invite you to consult the site
whymybank to discover
tips and tricks to better manage your finances. \n\nFirst, you need to know your income and expenses. Your income corresponds to all of the household resources, namely your salaries but also the social benefits and alimony that you receive each month. \n\nYour fixed costs correspond to all your incompressible expenses, namely: \n
\r\n - your current monthly credit payments (real estate loan, consumer credit, revolving credit, etc.),
\r\n - your rent,
\r\n - your energy bills (electricity bill, gas bill, water bill),
\r\n - your telephone subscriptions,
\r\n - your subscriptions to TV channels (Netflix, Canal+, Amazon prime etc.),
\r\n - your tax deductions (property tax, housing tax, income tax)
\r\n - your insurance contributions (car insurance, motorcycle insurance, home insurance, health insurance) and
\r\n - your other miscellaneous invoices.
\r\n
\nSecondly, deduct the amount of your expenses from your resources and divide the sum into the number of weeks. You will then know how much to spend per week to pay for your groceries, gas, etc. \n
Repay your credits early
\nBefore thinking about
put aside in a savings account, start paying off your debts.
Go to your online banking area at the tab« My Credits» and llist all your personal loans in progress (car loan, works loan, revolving credit, project loan etc.). Next, note the outstanding principal for each loan. You will then know the amount you have left to repay as well as the end date of the loan.\n\nSecondly, choose a credit to repay. We advise you to choose the one where the outstanding capital is the lowest to repay it as quickly as possible. \n\nThen, as soon as you have collected the amount necessary to repay your loan in advance, send an email to your banker or (to the lending organization) specifying that you wish to terminate your loan as quickly as possible. Enter your loan number, the remaining capital, the current monthly payment. Finally, ask them to make a transfer from your checking account to the reimbursement account. \n\nWithin a few days, the amount will be withdrawn from your account and your loan will be finished. \n
Open a savings account
\nTo allow you to
save every month, nothing better than opening a savings account. In France, there are 4 types of savings account: the
booklet A, THE
Sustainable and Solidarity Development Booklet, THE
Popular Savings Account and the
Youth Booklet. \n\nThese tax-free savings accounts have their rate of remuneration, their opening conditions as well as the payment ceilings regulated by the State. Only you benefit from
tax exemption on the annual interest paid to you on January 1 of each year. \n
Remove unnecessary subscriptions
\nAsk yourself if the subscriptions you have purchased are really necessary for your household or not? Which subscriptions should be preferred? Which subscriptions should be deleted to save money? \n\nThere is no point in subscribing to several TV channels, for example such as Canal+, Netflix or OCS. Choose a single channel and unsubscribe from the others, you will save several dozen euros each month. In addition, if you are having difficulty paying your gas or electricity bill, cancel your TV subscription, your fitness room subscription for example. \n
Sell your unused items
\nIs your house full of useless items that you no longer use? Instead of leaving them lying around, why not sell them and make some money? Not only will it declutter your interior but also,
you will take advantage of this money to put it aside in case a hard blow occurs during the year. \n\nOn the internet, you will find many sites to sell items that you no longer use (clothing, books, household appliances, furniture, etc.). All you have to do is create an account, take photos of these items and set your price. Within a few days, interested people will contact you and the sale will be concluded.\n
