In an article published on its online site on October 12, 2022, the magazine “60 million consumers” gives some ways to try “to influence your fixed expenses”.
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Faced with the high cost of living that overwhelms the budget of all households, the magazine “60 million consumers” offers “tricks that boost your purchasing power, to counter galloping inflation”.
In a publication posted on its website on October 12, 2022, the magazine offers “play on costs that are believed to be fixed, in particular the weight of all your subscriptions and insurance contracts in your budget”. That “can get you back $50, $80, $100 and more every month.”
If you recently took out a home loan, are under 40 and a non-smoker, you might recover €10,000 or more over 20 years, including almost €500 in the first year.
The repurchase of credits (or grouping of loans), is also a strategy advances the Magazine by the voice of another specialist, “even if it remains expensive”.
This technique allows you, with a single loan, spread over a longer repayment period, to reduce your monthly payments.
A loan consolidation specialist
Caution, however, “if you multiply the unpaid” warns a counselor in social and family economy.
For the most complex situations, it is possible to file an over-indebtedness file with the Banque de France. In the overseas territories, the interlocutor is the IEDOM (Institut d’Émissions des Départements d’Outre-Mer). This educated body over-indebtedness files to present them to the decision of the Departmental Commission.
Sorting banknotes in a wallet (illustrative image).
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It is essential to manage your money well, a recommendation that applies to everyone, “from the most affluent to the most modest” emphasizes the Magazine.
Once your fixed costs are known (rent, credits, taxes, insurance, subscriptions, etc.), see how to optimize them and clean up your contracts. Then, address the variable part of your expenses: food, leisure, fuel… Assess your needs, establish a provisional budget at the beginning of the month and check your expenses as you go.
60 million consumers
Another tip: keep track of your expenses. Several methods exist reveals an expert in this file.
The simplest is known as the “envelope method”. It consists of putting the necessary money at the beginning of the month in a dedicated envelope for “food”, “fuel”, “outings”… and not spending more than what you have provisioned for each item of expenditure. Another technique, the “xl method” or “notebook”, which involves noting each expense in front of its forecast, either on a spreadsheet or on paper. Once this second step has been completed, you can set up a savings strategy.
To go further, the entire publication is to discover by clicking ICI→ 60millions-mag.com
