French Finance

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   20/02/2008, 11:20
roxy is not online. Last active: 20/02/2008 11:11:59 roxy

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Cost of living
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I know you will all groan at this post but I'm going to do it anyway, my house is nearly sold and it is a matter of great urgency as the maths add up differently each time I sit down to do them. I wondered if someone could give me a rough idea of what I will need to budget for on a monthly basis, for taxes and just essentials really. I am single so do not need a lot to live on but I cannot get a realistic idea from the books so thought you might help.
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   20/02/2008, 11:29
cooperlola is not online. Last active: 03/07/2008 10:06:41 cooperlola



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Re: Cost of living
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If your healthcare is sorted (ie covered by an Eform), then my own feeling is that costs will be very similar to the UK.  More for healthcare - top up insurance etc - but less for income tax.  Local taxes vary hugely so that much depends on where you're moving to and from (ours are about 30% of what they were in Kent, but others moving from low council tax areas to expenive parts of France have different experiences.)  Our power bills are roughly the same, even though we're at home all day, whereas in the UK we were out for 12 hours' plus, because we worked.  As far as food etc is concerned, it was roughly the same, but at the moment it's probably a bit more expensive here if your income is from the UK, due to the lousy exchange rates.

But it really is a piece of string thing...


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   20/02/2008, 11:32
Clair is not online. Last active: 26/08/2008 06:04:12 Clair



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Re: Cost of living
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More details would help:are you planning to live in a town or in a rural part of the country? are you going to buy or rent? will you have a car?...

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   20/02/2008, 11:55
Sunday Driver is not online. Last active: 12/08/2008 16:44:13 Sunday Driver



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Re: Cost of living
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According to INSEE, the minimum wage (SMIC) in France is 1,280€ per month, and there are many French families who exist on this.

 


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   20/02/2008, 12:53
Will is not online. Last active: 03/08/2008 14:59:47 Will



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Re: Cost of living
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I fully agree with the other answers. But our very small rural commune has an average income per household of 754€ per month according to the same official sources that SD quotes (actually likely to have risen slightly since the data were compiled). As to whether that provides a particularly fulfilling lifestyle, or the 'high quality of life' much quoted by British moving overseas, I leave you to judge.

 


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   20/02/2008, 13:04
allanb is not online. Last active: 22/07/2008 12:12:18 allanb

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Re: Cost of living
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Will: that seems remarkably low. Is it possible that the amount is net of tax and other deductions?

(Even if it is, it would still be pretty low.)
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   21/02/2008, 9:46
Lou is not online. Last active: 28/08/2008 12:46:54 Lou



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Re: Cost of living
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Just to clarify, the SMIC amount quoted of 1,280 euros is the GROSS amount - I'm on the SMIC and my net take-home pay each month (that is after social charges have been deducted) is 1,005 euros (and a few centimes); however last year we didn't pay any income tax, in fact they paid us a couple of hundred euros.

Lou


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   21/02/2008, 16:50
Helen is not online. Last active: 26/06/2008 07:58:25 Helen



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Re: Cost of living
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'But our very small rural commune has an average income per household of 754€ per month '

Our commune has a similarly low average income but that doesn't take into account non monetary income. Many of my neighbours are almost self sufficient in food... veg,fruit, milk, pork, duck, beef, chicken. My next door neighbour even produces about 360 bottles of wine a year. Water for everything but drinking comes free from the village supply. A car is  a necessary business expense.  My neighbours don't have an affluent lifestyle; far from it and they work very hard. They have few luxuries but they are not at poverty level by any means .  Anyone moving from the UK  into the village (without the land, experience and family support mechanisms) would find it extremely difficult to survive on an income this low.


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   21/02/2008, 17:15
Patf is not online. Last active: 25/08/2008 18:59:13 Patf

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Re: Cost of living
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Will's example of €754 pm: I think there was a thread recently which gave figures for a financial supplement which brings the family income up to about €1300 pm. ie the equivalent of the minimum wage. Whether this could be claimed by immigrants I don't know.
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