Comingle is an interesting idea that would act as a pseudo emergency fund to provide a stable week to week income for their users. It could act to stabilize your income if you have an irregular income or as an backup plan or insurance for when you lose a job or income source. It works by distributing the average of all their...
It’s very, very hard to get laid off / fired in France if you haven’t done a major fuckup. It’s possible, but the notice period is 3 months during which you’re legally entitled to spend one or two working hours per day actually job hunting.
Unless you voluntarily quit, you get ~50% of your old salary for up to 18 months (unemployment benefits last for the same duration as your latest work contract, with an 18 month cap) as long as you can prove you’re job searching. If you exceed the duration you get an insufficient, but non-zero, financial help of ~500€/month (which would cover a 2 bedroom rental in any small city and one bedroom in a mid-sized city, but not housing for a major city like Paris or Marseille).
Families get extra subsidies based on the number of children, and for long-term issues you can apply for subsidized housing, etc.
Also, healthcare is very cheap (and many emergency care things are free, as well as all prescription medicine), which means that if you can cover room and board you’ll survive. You may have bad surprises but not “lifetime debt” bad surprises - that’s why whereas the US financial planning advice is to have 3-6 months of living costs saved, the French advice is 1-3 months.
I’m talking about types of accounts, automatic transfers, etc. Feel free to mention specifics, but I’m more interested in higher level information like does your paycheck go to savings or checking, do you use automatic transfers, do you use a traditional bank account or something different, etc....
I have nothing to say but I see 0 comments and it makes me sad.
I get my salary once a month
I recently bought an apartment and maxed out my “normal” savings accounts under French law, so now I need to figure out what to do
I’m expecting to pay 50% of my salary in discretionary spending. The rest will go to my mortgage (currently a very low %age of my salary, but I’m about to earn way less so I’ll need to adjust when I’m there) and everything else probably into savings. Since all the stable savings funds are maxed out (that’s about 35k), I’m going to invest in more financial products, less stable. They’re EU/French, so not going to go into detail here (if there’s anyone French here, !vosfinances is really cool) but the idea is to do “stable stocks” (government bonds, really large companies, etc.).
I can go to the main page of a Lemmy instance and see whatever is active on that instance at the time, but is there a way to get something like r/all for all federated instances?
My country has great unemployment benefits, labour laws, and social security so our “fuck you money” is usually about 2 or 3 months salary in case your car breaks down or something else of that kind. It’s pretty neat.
I am extremely overpaid. I am also quitting soon and will most likely find an underpaid job, so I’m really trying to make the most of my extra money right now!
I have a job in an American tech company. I’m paid Silicon Valley entry level wages which easily puts me in the top 10% earners in my country.
I’ve been at this job for 5 years. I’m not learning or doing anything new, I lost my favourite teammates in layoffs, I don’t respect my company and I’m tired of having 8pm meetings with the US west coast.
I’ve bought my apartment now, so my living costs are about to go way down, and I’m being offered a giant severance package if I leave now, no severance if I quit at any other time. Now’s the time!
I like the more personal questions like (your suggestion) “what do you always plurge on beyond reason?”, as well as small tips threads. I’m not American or in the US, so usually the investment part of the personal finance communities is just completely irrelevant to me, thus my preference :)
I used to eat out almost every night and it cost me nearly as much as my rent.
Since then, I learned some cooking, some 10-min stuff, and did a lot of personal work on emotional eating. I really tried to treat it like an addiction, learning alternatives but also, recently I moved to a less urban area where I’d have to walk 10-15mins to get decent food, when I used to have an all you can eat sushi place on my street. That helped more than anything else!
Finally, I gave myself a couple of special things: given how much I was spending on restaurants I never hesitate to spend a lot on cookware or ingredients, and when my partner comes over we often choose a cool recipe to try out, in order to prove to myself that food can be really great even if it’s not made by someone else.
Now I go out for dinner only if I’m with someone, and I make sure it’s always a special occasion (including a date with my partner, it doesn’t have to be super special, just not “I don’t feel like cooking”). It’s still very hard not to go out when I’m having a tough day but I’ve never done so well :)
The longlist has been announced! It features work from four continents, four Irish writers, four debut novelists – and ten authors who are recognised by the Booker Prize for the first time...
In a slighly sarcastic but mostly happy way, I love when English speakers find out about translation - better late than never to discover what everyone else in the world has been up to these past centuries!
My friend carved Fox McCloud in a piece of wood (and I think it's cool) ( www.youtube.com )
[EU] How many months savings do you consider enough?
As the title says I am trying to see where people stand on this. Obviously this is all personal preference. But that is what I am after....
(US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income ( comingle.us )
Comingle is an interesting idea that would act as a pseudo emergency fund to provide a stable week to week income for their users. It could act to stabilize your income if you have an irregular income or as an backup plan or insurance for when you lose a job or income source. It works by distributing the average of all their...
What does your cash flow process look like?
I’m talking about types of accounts, automatic transfers, etc. Feel free to mention specifics, but I’m more interested in higher level information like does your paycheck go to savings or checking, do you use automatic transfers, do you use a traditional bank account or something different, etc....
Is there an r/all equivalent?
I can go to the main page of a Lemmy instance and see whatever is active on that instance at the time, but is there a way to get something like r/all for all federated instances?
Do you use a credit card? Why or why not?
I know this might just reflect financial culture differences across countries, but let’s give it a try...
Debt Repayment Methods - Avalanche vs Snowball
Intro...
[Ask PersonalFinance] Emergency funds, what is your "f*** you money" story?
Hello everyone,...
Are you satisfied with your current pay?
Trying to get to know the community a bit more....
[AskFinance] Which type of content would you like to see?
Hello everyone,...
With the rising prices of Netflix and Disney+, are you considering cutting those subscriptions?
I was never a fan of the subscriptions model (I have never had a Spotify, Netflix, or any other similar services)....
[AskFinance] How often do you eat out, and does that impact your finances?
Asking the question as it seems to be a recurrent issue among finance-aware people....
The Booker Prize 2023 longlist ( thebookerprizes.com )
The longlist has been announced! It features work from four continents, four Irish writers, four debut novelists – and ten authors who are recognised by the Booker Prize for the first time...
‘It’s exciting, it’s powerful’: how translated fiction captured a new generation of readers ( www.theguardian.com )