Well done, 3,070 euros a month: “I don’t know anything about taxes”

How to stop being overwhelmed with a salary above the French median? Can we learn to clean up our finances? Here are some of the questions we cover in the Billing section every Thursday.

Talking about money is still taboo in France. It’s a fascinating subject though… and feminist in a way! In our section Pay bills, of People of all kinds come to peel their budget, tell us about your relationship with money and your financial organization as a couple or alone. Today Bravo agreed to open their accounts for us.

  • Profession: Economist in a public group
  • Net salary after deducting the source: €2,300
  • Residence: Her spouse’s apartment in Paris

Bravo’s income

Bravo works as an economist on a permanent contract in a public company. Due to the special social security system of her employer, she is still considered a trainee, but will receive official status as a permanent employee at the end of the year. In this position, she wins €2,300 per month. A salary she admits is comfortable but struggles with:

“Even though my salary is a little below what I would be paid at my college level (Bac +8) and for the same job in a private company, I get paid well. Honestly well paid, right? According to the median and even the French average, I feel financially comfortable. But given the way I live, I’d say that’ll pass. »

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However, the thirty-year-old announces it from the show, she stops obsessed with money… In a way, she finds this very negative:

I am very (very) wasteful, regularly covered and unable to really manage large planned expenses, let alone unforeseen ones.

So here it is, it’s a little bit mine my fault privileged girl. And I’m ready to stretch the stick of the article to get any comments I find on the forum always full of good advice! »

For them, money is a source of terrible fear:

“I’m impulsive, so I don’t watch what I spend, and if I can manage to watch 10 days in a row, I reward myself with spending. »

She also owns an apartment that she rents out 770 € monthly. In total, she manages a budget of 3,070 euros per month.

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The organization of Bravo and its partners

Bravo lives with her spouse and to manage their joint expenses they have a joint account that is used for their daily life.

The joint account is used to make purchases, pay for trips for two and set up purchases for the apartment.. »

Bravo’s expenses

Bravo and her spouse each own an apartment.

“We are both owners. He, from the apartment we live in, I, from an apartment I bought in 2020 with a terrace, in a suburb of Paris. I was planning to buy it to live in, but I didn’t understand the signals my boyfriend was giving me at the time (it could have been clearer, the signal is expensive). Finally, a year later, I moved in with him. »

For this apartment, which she bought for 160,000 euros, she is repaying a loan from €550 per month In addition, there are various types of duties and taxes:

“I rent this apartment and collect a rent of 770 € monthly.

I refund my balance of €550 which is property tax €63 per month, and I include my tenant’s internet box and electricity in the rent (which saves me approx €50 per month). I also pay taxes on my property income from €110 per month smoothed over the year. Finally, the condominium fees add up to €150 per month, and I pay insurance monthly €10 »

Once the rent is collected on that property, the apartment that she owns will cost her approximately €165 per month. At the same time, she now lives with her partner in a Paris apartment:

“We have a beautiful apartment that we are renovating on the top floor of a building that is a bit dated, with a view of the Eiffel Tower and not opposite. This is the ideal apartment considering that 7 floors without a lift is not a problem. »

If she doesn’t pay her companion rent, she hires every month €800 to their joint account: half for his share of the common expenses and the other half as rent and share of the expenses for his companion. They use this sum to finance their purchases and their joint expenses.

“This money is used for grocery shopping, for our trips together, sometimes it helps pay for vacation expenses, and every month it helps us pay for a hundred euro purchase for the house (sometimes do-it-yourself necessities, sometimes a decorative one object or plants). We are also deducted from this account €36 per month for a UGC duo card that was taken out when we were full of good intentions (and we’ve used it twice this year, a huge waste). »

Therefore, in addition to their UGC subscription, this amount includes every month €80 for fruit and vegetable baskets, hundred euro Shopping for the house, their trips together and their shopping, which they mostly do at Monoprix.

“For the races I prefer practicality because I get knots in my brain when it comes to getting around (I’m on a bike or on foot and even if I’m doing 10,000 steps a day I’m lazy). »

She pays up to €40 per monthwhich includes their box and various streaming services (Netflix, Amazon Prime…) and their bank fees are €15

“I don’t understand taxes”

Bravo has recently devoted himself €600 per month, excluding withholding tax, to his taxes. In addition to the €173 listed above relating to his apartment and his rental income €100 monthly until December 2022: his taxes were only calculated from the second half of this year, it pays in six months what it will pay over 12 months every year from 2023 onwards.

Join in €33 per month of the monthly housing tax (” It’s a catch-up because they forgot about me last year she explains) and €300 Monthly wage tax catch-up payments for four months. A confused calculation that she doesn’t really master:

In truth, I don’t suck anything. »

Subscribing to an electric bike self-service service that allows him to travel costs him €10 monthly.

To eat at work, the 30-year-old needs to eat lunch regularly: her company canteen doesn’t offer very appetizing vegetarian options, so she spends €70 per month in restaurants or sandwiches.

Well done too refunds €150 every month to her partner, whom she owes 2,200 euros for expenses that she could not afford.

“It’s an absolute SHAME to ask for help every time, and at the same time since I can’t set up an emergency mattress, I don’t see how else I could do it…

It counts every month €50 go to the beautician to have the hair removed, to which a subscription of is added €16 at the Body Minute Institute that they can’t cancel as the process is boring.

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Bravo’s hobbies

On average, Bravo counts €150 per month Spending on her clothes, which she buys mostly used: “Sometimes it’s more if I buy a good pair of pumps, sometimes it’s less because I only buy 40 euros at a thrift store.. ”

For her free time, she estimates the expenses 300 € monthly which include multiple subscriptions:

I have €25 Gymlib subscription that gives me access to many activities and I could hardly do without, €15 for Apple Music, €6 for Diplo World and €2 for Wikipedia per month… But that’s just to ease my conscience!

She counts too €50 booksShe very often goes out for drinks and buys gifts for her loved ones.

Bravo’s relationship with money

At the beginning of each month, Bravo provides €400 to cover major expenses: condo fees, plane tickets for vacation or work. In fact, however, she always uses this amount to replenish her overdraft before the end of the month:

“All in all I have €440 to spoil myself but the reality is I regularly get overstretched and have to use what I have set aside to make up for it.

I’ve been trying to budget and stick to it for years, but I’m clearly living beyond my means.. In fact, I know I’m SUPER privileged, but I’m drowning in spending and I want my rhythm of life: lots of free time, good food, etc.

I’m also just a very bad manager, very wasteful, very impulsive and I’ve been revealed every month of my life.

She wants to reduce her lunch budget, but also the cost of her apartment:

“Every two days I tell myself that I will sell it if I get a demand for money. They ask me €10,000 for work and that worries me, I can’t cope with it… But selling it would mean losing my contribution because the m² price has hardly changed in two years.

In general, money is a source of fear for Bravo, but also of uneasiness:

“This poor management prevents me from being calm about my two life projects: we are trying to have a baby and I worry about not being able to take care of it financially. Also, I’m considering a professional retraining that would make me unemployed for a while and move to a job with an average salary of €1,500 net per month.

For the poor manager that I am, these projects, individually, are a source of anxiety…anxiety that fuels my financial impulsiveness. Taken together, it becomes altogether discouraging and annoying.having such an enviable situation and failing to thrive.

She hopes that sharing her budget in Settlement can help her achieve a more peaceful relationship with money:

“I hope this will help readers who may recognize my situation and that others can share their experiences of being a good manager to help me clarify my situation once and for all: I know I’m alive could be a lot better and I don’t do it on a whim. It’s very paradoxical, especially since it’s still a source of fear and a bad image of myself.

Thanks to Bravo for answering our questions!

Copyright: Karolina Gabrowska / Pexels

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Kaddouri Ismail

I am Ismail from Morocco, I work as a blogger and online marketer. I am also the founder of the “Mofid” site, in which I constantly publish many important articles in the field of technology, taking advantage of more than 5 years of experience working in the field. I focus on publishing in a group of areas, the most important of which are programming, e-marketing, digital currencies and freelance work.

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