4 tips on how to avoid going broke when moving…
Perhaps you're leaving home to go to university, move in with your partner or simply because it's time. Congratulations! From now on, you can deck…
During your student life, you have necessarily learned how to manage your budget: rent, charges, shopping; in short, all of a household's expenses!
Now that your last semester at university will start, you will surely be asking yourself questions about your future. What to do after your studies?
Entering the world of work requires preparation! First step: a nice CV, because it is your entry ticket for a first recruitment interview! To prepare for it, here are a few tips:
Look to the future: you applied for a job and you landed your first employment contract.
Congratulations! Who says first job, says first salary!
Here are 3 steps to prepare your active life from a financial point of view:
Even if your joy is legitimate, the world is full of temptations and everything has a price. You will have to deal with expenses that you have probably not faced as a student: insurance, health care expenses, loan repayments, etc.
Of course, you are on cloud nine with this first pay slip, but you will have to come down from it. To avoid unpleasant surprises, find below some tips so that the landing is not too hard!
Draw up a budget to keep an eye on your income, expenditure and savings.
Make a list of all your income and expenditure and do the sums: this will give you an idea of how much money you really have.
Have you opted for the state-guaranteed student loan? The first repayment must be made 2 years after the end of your studies and the loan must be repaid in full after 10 years.
The state-guaranteed student loan consists of :
additional loan based on social criteria,
additional increase for tuition fees.
After 5 years of study for a Master's degree, the student loan can easily amount to EUR 50,000. The monthly instalments, at a maximum rate of 2% (currently in effect), would then be EUR 460.50*.
Even if your first paycheck is modest, it's important to get into the right habits from the start. Set aside a portion of your salary automatically.
You are a student and you don't have a regular income, but even by starting with small investments, it is possible to create reserves for the future.
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