- First name : Francis
- Age : 26 years
- Occupation : International CRM project manager in a communication agency
- Net salary before withholding tax : €2,850
- Net salary after withholding tax : 2 185 €
- People (or animals) living under the same roof : Nobody
- Place of life : Neuilly-sur-Seine (Hauts-de-Seine)
Francesca’s situation and income
Francesca is employed with a permanent contract in the largest communication agency in France as CRM manager “of a large international automotive group”.
“I enjoy my job, but it is often stressful because different stakeholders need to agree and customer inquiries can come from one day to the next. »
For her work, Francesca receives a comfortable salary: €2,850 before withholding tax. Once income taxes have been paid, the young woman has €2,185 per month.
“At the beginning of my career it was difficult to find work as a foreign woman, a young woman with no experience and not a super prestigious education. But I worked hard, acquired in-demand skills, and became passionate about the industry. In October, I got the position I currently hold. »
However, in relation to his years of study, his qualifications and his responsibilities, he does not consider himself “not paid enough”.
“My goal is to earn 3,000 euros net a month at the age of 30 but I don’t know if I’ll get there, especially where I am because it seems to me that agencies (or at least the big agency where I work) pay less than companies. But for now, I’ve chosen this route to major in hopes of getting a well-paying job later.
I feel poor and every month I seem to have spent too much when in real life I can save an average of €500, except for the months of important expenses such as travel. I know rationally that I get paid more by my female friends who have chosen less professional qualifications and by my boyfriend’s friends who are often in RSA. However, around me at work, I have many colleagues who earn more and occupy prestigious positions at a relatively young age. »
Francesca is the tenant of a 30m2 apartment2 In “one of the most expensive cities in France”Neuilly-sur-Seine.
“The rent is expensive for what it is, but it’s very well connected to my work. For the Paris region, where you can travel an hour or more every day to get to the office, living 12 minutes by metro from your work is a real luxury! »
As a couple, she is in a long-distance relationship with her boyfriend, who currently resides in Lorraine. This forces her to spend a lot of money to take the train. “He comes once a month, I go once or twice a month. Taking advantage of teleworking, fortunately, I can stay at his house from Thursday evening to Monday evening. »
Her husband, currently in retraining, is looking for a job.
“It’s not easy because he doesn’t like Paris and thinks my studio is too small for both of us. Right now, I’m choosing to prioritize my career until it has a more stable situation. Then we can both move, maybe to Canada. The advantage of my industry is that it recruits everywhere. »
Francesca’s relationship with money and her financial organization
Francesca grew up in a family where she never lacked for anything. Her parents grew up in less affluent conditions than her. “They couldn’t study and all we got was thanks to their work. Which is why work is a very important value in our family. »
Indeed, Francesca admits to having it a report “stressed and anxious” to the money. Never overdrawn, checks his bank account daily.
“I’m afraid of spending too much, but at the same time I have so many little pleasures that I can’t give up. The more I save, the happier I am. »
Even if she doesn’t live in the same city as her boyfriend, they try to split the expenses equally: 50/50, actually 60/40 since he’s currently unemployed.
“However, his family has a higher standard of living than mine. He is used to eating out and ordering Deliveroo or Ubereats more often. He doesn’t give up on his pleasures even if it means getting caught or leaving very little to his account. He scares me, for when we live together. I’m sure he won’t be ready to compromise. »
Francesca’s expenses
For her studio in Neuilly-sur-Seine, Francesca pays a monthly rent of 815 euros. This is the item of fixed expenses that has the greatest impact on her budget. Francesca’s other common bills include 24 € electricity, Internet subscription €16, Phone plan from €12.
Rule only €10 a month for your insurance. “My employer pays €90 from my mortgageso i just pay €5. And I also chose Home insurance 5 euros too, as well. »
The 20-year-old recently signed up for a Netflix subscription (€13 per month) and just adjusts €2 bank charges.
As for its transport costs, they are also low: €35given that Francesca’s employer reimburses her half, as is often the custom.
On the side of so-called “feminine” spending, Francesca is anything but shameless. The young woman rates them at Approximately €20 per month. These include her 4th generation pill which is only partially reimbursed by her health insurance, a face cream in a drugstore and a depilatory cream which she does not buy every month.
“I’m not obsessed with body hair, I wax in the summer to dress lightly, but in the winter I don’t feel the need to. I no longer buy sanitary protection, I use menstrual panties and I recommend them to everyone because they are less polluting, more comfortable and more profitable over time. »
“Clothes are not a priority for me”
Rates Frances his food budget is around 300 euros a monthcompany canteen expenses included.
“I pay around €5 per meal in the company restaurant for three days of attendance per week. It’s still expensive for what it’s worth, but it’s time to socialize with colleagues and vary my diet. »
For the rest, Francesca does her shopping at Monoprix and Picard, “nicer and cleaner than a discount, but also very expensive”.
“I find it difficult to buy at the market even if I would prefer it because I don’t know the exact prices of the food and I am afraid of going over my budget or having to ask the traders to abandon my purchase because it is too expensive .. »
Generally, the project manager would like to reduce this expenditure itemwhich she considers too tall. “I’m a fan of tea and coffee, I drink them for 30 euros a month. »
However, he compensates by spending little on clothing: around 10 euros a month, mainly in thrift stores and occasionally at Primark.
“I buy very few new clothes for ecological and body-conscious reasons. I’m a size 40, but society makes me feel like 40 is big. Clothes are not a priority for me. I’m waiting for the balances to give me a pair of shoes. »
Francesca’s hobbies
Most of Francesca’s leisure budget is spent on travel: to visit her parents in Italy at least twice a year, and on a trip abroad, such as Morocco or Jordan. SNCF round trips to see your boyfriend are also expensive: on average €180 per month.
“I prefer to get organized to pay less, but getting organized well in advance risks costing almost more due to unforeseen events. Also, the cheaper hours are not compatible with work. »
For the rest, Francesca spends her money on museums, vinyls, home accessories. “I’m not sporty, it doesn’t help the figure, but it’s good for the budget! »
The young woman’s latest crush is buying 2-day tickets to a rock music festival in England in August. “I spent all the money I got at Christmas there, but I’ve been wanting to go there for years. »
Francesca’s savings and plans for the future
Every month, Francesca manages to save around €400 : €300 on his booklet A and €100 on his life insurance, divided 50-50 between euro securities and slightly riskier real estate securities. If he still has savings available (about 200 euros), he leaves them in his current account for his immediate expenses and small pleasures.
In the long run, the young woman would like to evolve in her agency to get a better position and therefore a better salary.
“I have in mind a roadmap on how much money I should be making at 30, 35 and what positions I should be filling in one year, three years, five years… However, I don’t want to sacrifice everything to achieve my financial goals because I find family and relationships make life better no matter what salary one earns. »
Thanks to Francesca for going over her budget for us!
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Source: Madmoizelle
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
