How to save regularly? LCL, why build precautionary savings? LCL

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Precautionary savings also allows face significant and unforeseen costs Without unbalanced his monthly budget too much. It can be, for example, a drop in income following the loss of your job, exceptional health expenses, equipment repair expenses, etc.

How to save regularly ?

How to save your money ? How much to spare per month ? How to reduce expenses ? Here are all our tips and tips for putting money regularly, even if you have a small budget.

How to save regularly? LCL Bank and Insurance

Put money regularly

First of all, it is recommended toOpen a specific savings account to be able to save regularly. You will be less tempted to spend your savings if they are not on the current account you use for everyday expenses.

Set up Automatic transfers From your current account to your savings account. In this way, you will no longer think about it !

How much to spare per month ?

Don’t wait for the end of the month To put money aside !

From the start of the month, after receiving your salary and Depending on your monthly budget, Plan to keep enough money on your account to meet your main expenses of the month and then make a transfer to your savings account.

Start by sparing small sums according to your income (for example, 5 or 10% of your salary) then gradually increase the amount of your savings as soon as possible (up to 10 % or 20 % of your monthly income).

Set up automatic samples

Opt for the debit. It is a means of payment that allows you to control your budget well. Some banks offer Automatic savings systems that save without thinking about it.

Less spending: some advice

It is possible to reduce your expenses by spending less for equivalent or substitutable products or services : Hard-discount food, private sales, promotions and sales, garage sales ..

It is also interesting to use the Online price comparators which make it possible to compare the prices of several traders for the same product or service. For example: insurance, internet service providers, travel, household appliances, health products ..

Rent expensive products that you only use very punctually (for example, DIY products, ski equipment, a car).

Conversely, it is better Buy products that you use regularly and that have a long lifespan. Do not hesitate to negotiate discounts with merchants, or to your Internet or mobile telephony provider. Sellers are often ready to lower their prices so as not to lose a customer.

Gather your service providers. Many telecommunications operators offer commercial offers that include internet, mobile and fixed and television / cable / cable subscriptions. The advantage is that the regrouping of subscriptions in principle allows save on overall cost And you have only one interlocutor and a single invoice. Compare the different offers available on the market before committing !

Save with a tight budget

Even if you have low income, remember to put aside small sums of money every month. This will allow you to gradually build a precautionary savings.

For further :

  • Savings products adapted to small budgets
  • Risk -free savings booklets
  • How to manage your budget ?

A booklet

The booklet A allows you to save, at no cost, taxes or social security contributions. It allows you to have your money at any time.

Articles of an informative and advertising nature. The information provided by LCL comes from trustworthy sources but cannot lead to its responsibility in the event of inaccuracy.

Why build precautionary savings ?

Building precautionary savings is an essential prerequisite before investing in risky supports or long -term savings products. It allows you to deal with unforeseen expenses.

Why build precautionary savings? LCL Bank and Insurance

Precautionary savings: definition

L’precautionary savings consists in constituting a reserve of money available in order to be able to meet unforeseen expenses.

It can be about Manage temporary treasury difficulties, Especially in the event of a difficult month or when current expenses increase (for example: increase in rent, increase in transport costs, etc.)).

Precautionary savings also allows face significant and unforeseen costs Without unbalanced his monthly budget too much. It can be, for example, a drop in income following the loss of your job, exceptional health expenses, equipment repair expenses, etc.

Amount of precautionary savings

The amount of precautionary savings must correspond, when possible, to a few months of income (between 6 months and 1 year old). To reach this level of savings in a reasonable period of time, it is advisable to put aside, month after month, between 10 % and 20 % of its monthly income.

For regularly put money, See all our Advice to save.

Spare

Most banking establishments offer services that save without thinking about it. For example, it is possible to set up monthly automatic transfers from your current account to one or more savings booklets.

Available and secure savings

To fully enjoy his precautionary savings, you must be able to Recover your savings at any time and in whole Without prejudice linked to withdrawal, that is to say:

  • without risk of loss of capital initially paid,
  • and without loss of tax advantages possibly attached to the savings product.

The money’s reserves must therefore be placed on unkinded supports adapted to short-term savings.

Supports adapted to precautionary savings must have a very flexible operation and their yield potential is not a priority criterion.

For further :

  • Not very risky savings and investment products
  • How to save your money ?
  • Risk -free savings booklets

System’Apargne

Save with the water and effortlessly

Warning: The information provided by LCL comes from trustworthy sources but cannot lead to its responsibility in the event of inaccuracy.