Month: January 2021

The work loan is a loan that allows you to finance a renovation project or any other type of development linked to a property.

You should know that the credits called “work credits” you find on the net are trade names. Therefore, the work load is quite simply a consumer loan, the amount and repayment period adapted to a project of renovation or development of a property.

It is, most of the time, a personal loan without proof of use.

Affected credit

Affected credit is a loan taken out for a specific purchase. You start repaying your loan only after receiving your good or service. If you do not get the credit, the purchase is cancelled (if the credit request is stipulated when ordering) and vice versa.

This can limit your room for maneuver in your work since you will need to obtain approval from your organization each time before incurring the costs.

Revolving credit

It is a revolving reserve of money that you can use for your work.
This reserve is fed as you repay. An associated credit card usually accompanies this credit.

The revolving credit is often more expensive than others because its rate is higher. However, if you plan to do the work yourself, a credit card offered by a DIY chain can indeed be attractive if it additionally offers bonuses as you shop or discounts.

How much can you borrow with a work loan?

It all depends on the credit you choose. If you opt for the personal loan (consumer credit), you can borrow between 200 and 75,000 $ over a repayment period of at least 3 months.

If you need to do big jobs that require more than 75,000 $, you can use a home loan that will allow you to borrow larger sums of money over a longer repayment period.

Before you start looking for the most advantageous credit, you must also know what work you need to do and how much you need.

Therefore, first of all, start by listing your needs and setting up your renovation project.

You will need materials, but also probably professional services if you are not much of a handyman.

When you have calculated the total amount you will need for your renovation project, you can start looking for offers using our credit comparators.

This will allow you to compare offers more efficiently.

The benefits of credit for works depend on the credit chosen.

That if you opt for a personal loan, it will probably be easier to obtain than a mortgage, but it will be offered at a higher rate, which will cost you more in the end.

As for the credit allocated for works, you will understand:

Although you may negotiate a better rate, it will be less easy to obtain since the bank will ask you for quotes when a renovation project is complex and often accompanied by unforeseen circumstances.

If what you have announced is not carried out, the affected credit is automatically canceled, which is not really reassuring for such a project.

When it comes to revolving credit, it is only worth doing this if a large DIY store offers you a credit card with great perks like bonuses or discounts that can help your home improvement project.

In this case, you will pay a little more, but you will recover the difference between the bonuses and reductions while having great ease in managing your credit.

The downside is that you cannot exceed the maximum amount provided for in the revolving credit agreement you signed.

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You are having problems making ends meet. Or you want to realize your projects. Or simply you would like to finally make yourself happy or please your loved ones. It is not always easy to raise the necessary money.

No matter what your income, the key is in managing your budget. Remember, it is always possible to save, even with a small salary.

• Track your expenses and income
• You may think that doing your bookkeeping is unnecessary or even a waste of time.
• We are talking about basic accounting here, that is to say, the list of your expenses and income.
• Think again.
• Make regular on your expenses, and your income is essential if you want to have money aside easily and quickly.

Money tips: track your spending

Take 1 hour to 2 hours per month to take stock of your budget (if possible 30 minutes each week).

The important thing is that you keep track of all your expenses and income to analyze your budget and start taking action to improve your situation.

• Save every month, no matter how much.
• Saving must become a reflex.
• This is the ESSENTIAL action to have money saved no matter what.
• The consumer society has “programmed” us to consume.
• All the money we have available.
• Permanently.
• However, it is probably because of this consumer society that you have not yet set aside the money you need.
• Do not worry.
• It is always possible to change your habit and start putting money aside.

How to save money

1. Start by making a goal of saving some money every month.
2. Whether it is 10, 100, or 1000 $, any sum will be important since the most important thing is to transform your “programming” from consumer to saving.
3. Keep this habit for months and years to come, and you will be surprised at the results!
4. Watch your spending

• As we said above, we live in a society that pushes for consumption all the time.
• That’s why we make a lot of unnecessary purchases on the spur of the moment.
• Have you ever bought a product that was not on your list?
• The answer is definitely: YES.

Do you see it?

We, therefore, advise you to monitor your purchases and think before you buy :

• Do I really need the tenth pair of shoes?
• From the last smartphone that has just been released?
• Or to change my television which works very well?

Sell what you no longer use

Take stock of what you have in your attic and cabinets.

1. Are there any clothes, items, or furniture that you no longer use?
2. Or that you have never used?

• If you don’t or no longer need them, sell them!
• Not only will you make room in your home, but you will also benefit from additional income.
• What better way to have money easily and quickly?
• Opt for a better quality/price ratio
• Comparing prices to find the best deal isn’t always easy.
• But it can save you money and therefore have more money at the end of the month.

Every time you make a purchase:

1. Compare the prices of similar products and buy the cheapest
2. Remove from your cart all unnecessary products that are not on your list

To be aware of your results (and therefore that your efforts are paying off!), See how much your receipt at the till has dropped.

Then add that amount up over the weeks and months.

You will be surprised at the results possible with this simple habit.

You will surely be able to put tens or even hundreds of euros (or even thousands of euros?) Aside in a very short time!

Place your money in a savings book

Don’t let your money sleep in your checking account.

Place it.

Why?

1. Because you risk spending it if it’s within your reach
2. Because you will see with your own eyes the amount of your savings book grow.
3. This has a psychological effect: you will have only one desire: increasing this amount and not reducing your efforts to nothing.
4. If you choose high paying investments, you can even make your money grow.
5. Have money thanks to credit

• Surely you don’t want to take a loan from the bank.
• We understand you.
• Borrowing costs money because you will have to pay interest.
• Borrowing commits you because you will have to repay the money that you have just borrowed.
• But borrowing allows you to carry out your projects or, in an emergency, to face financial difficulties.
• Important – Before borrowing
• Take credit ONLY if you really need it.

Make sure you can repay the money you want to borrow along with the associated interest charges.

• How long to have the credit money?
• Adopt good practices
• How to get money no matter what?

You got it: it’s all about the habit.

The key is to adopt good purchasing and savings practices so that you can save money.

To manage your budget well and have money, ask yourself the right questions for each expense:

1. Do I really need this product/service?
2. Have I let myself be influenced by advertisements or by those around me?
3. Is there a product of (almost) equivalent quality at a better price?

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Having a low salary does not mean that you are unable to save.

Quite the contrary!

By having a small income, we are much more inclined to pay attention to it, weigh our purchasing decisions, and reduce our unnecessary purchases.

However, many people with modest incomes feel they are unable to save.

This is not the case since you can always save money on a small budget: it’s all about attitude and especially managing your money.

Many people have even gotten rich from a low income.

It is not only thanks to their entrepreneurial genius, but above all, it is thanks to their ability to manage their low salary at the start.

Be honest with yourself.

• If, for example, you buy a toy for your child because he insisted on it and you didn’t want to deprive him of it, this is an absolutely unnecessary expense.
• If you are in this situation, know that you are not the only one.
• A lot of parents buy crazy amounts of toys and other unnecessary gadgets for their children.
• They think it is their duty or good for the child – which is not necessarily the case.
• On the contrary, the child understands that there is a right to everything and will only ask for more.
• He will have a hard time appreciating what money is worth and will not even realize the efforts you make to provide for his unnecessary desires.
• You have to know how to say no when necessary.

Calculate your monthly income

This calculation should be quick because it is your salary.

If you are a micro-entrepreneur or have another situation, calculate all the income that falls on your account each month.

If your income is irregular, take an average over the year.

Analyze your monthly budget

You are now able to have your monthly budget with your expenses and income in front of you.

Whether you’ve jotted it down on a piece of paper or your computer, you need to have the big picture of your monthly budget.

By differentiating your expenses and comparing them to your income, you should be able to see your “ financial health.”

Two cases are possible:

1. The sum of your income is greater than that of your expenses. This means that you are already able to save money and that your salary management is sound. You can always do better, either by saving more or by increasing your income.
2. The sum of your income is less than the sum of your expenses. In this case, you must be having a tough end of the month and struggling to manage your money. So this is a sign that you need to take action. We will start right away.

Switch to real management of your budget

This step is very important if you often find yourself in financial difficulty.

It is also useful if you are struggling to save and want to manage your money better to carry out the important projects to you.

To manage your money, you can start by:

1. Plan a monthly spending budget that allows you not to be in the red at the end of the month and, if possible, to save. This expenditure budget must, therefore, be lower than your income.
2. Check your accounts regularly throughout the month to verify that you are not spending more than expected. For example, at mid-month, you shouldn’t have spent more than half of your spending budget. Be careful to take into account fixed costs such as rent, which falls only once a month.
3. If you spend more than planned, be careful the rest of the month and limit your spending as much as possible.

If you have already tested this method and it does not work for you, we advise you to switch to a more precise management of your expenses (see below).

At first, you will have to put in some effort, and it will not be pleasant.

But then, good management of your money will be natural.

Specialized software will allow you to have good budget management thanks to its features:

• Make statements by category of expenditure
• Use transaction categories
• See your budget in the graphical form if you are visual
• Reconcile with your bank statements

Reduce your electricity, water, and gas expenses

If you have paid these expenses every month, know that this is not necessarily the best solution.

Even if it allows you to have fixed monthly payments, this operation does not allow you to analyze your consumption, let alone compare the different months.

You don’t pay for what you consume now. You pay based on what you have consumed before.

Admit that this does not help much when you want to save money on a small budget.

On the contrary, if you pay the bills on your actual consumption, you can compare immediately and thus be able to take action.

Here are some ideas for actions to reduce these expenses:

• Use your washing machine and/or dishwasher only during off-peak hours.
• Systematically turn off the lights and educate your family to do the same.
• Unplug appliances on standby that consume and weigh on your bill
• Do not let the water run while washing your hands or doing the dishes because this increases the bills.

Reduce your fixed and variable expenses

We have given you some ideas previously for your electricity, gas and water bills, and your insurance.

You can also reduce other expenses:

• Your rent. If you are in the red at the end of the month, would it be possible to move to pay lower rent?
• Food. If you eat out often or buy ready-made meals, consider cooking your own meals and bringing leftovers from your meals to work. This will save you a significant amount of money at the end of each month.
• Transportation. Is there a way to spend less money? Is it possible for you to go to work by bike, for example?

Generate additional income

To save more, carry out your projects, and have money to deal with the unforeseen, you can generate additional income in addition to your small salary.

And especially to be able to perpetuate this attitude over the long term.

This will allow you to fund projects that you think are impractical today.

So what are you waiting for to make possible your ability to save money every month even with a small salary?

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25% of the energy losses of homes are due to poor insulation. An available option that can help improve this is to create an insulating chamber projected from the inside or outside. Next, we will see another solution that is easier to install.

 

Exterior insulation consists of placing an insulating layer on each wall or those most exposed to cold and wind. This is achieved by applying (or fixing) insulating blocks that usually consist of expanded polystyrene or mineral wool. The insulation is then covered with a facade cladding such as fiber cement boards or plates, plaster, etc.

 

There is no need to move to another location during the work.

 

As the work is done from the outside, you do not need to move or live in certain rooms while your project is being carried out. Another important factor: the house will remain immaculate! No materials, debris, or dust inside.

 

Living space stays the same.

 

The insulation needs to be between 15 and 20 centimeters thick to insulate the house properly. Insulating from the outside does not reduce the living space inside your home.

 

Opportunity to enhance your facade

 

No more painted bricks or discolored walls. Exterior insulation is an opportunity to give your facade a new life. Why not go for an innovative, environmentally friendly, durable, and modern material such as Siding Cedral boards? They are easy to maintain, resistant, available in different finishes and colors to create a durable facade.

 

Reduction of thermal bridge

 

Exterior insulation acts as a coat that protects your home. It is better than insulation from the inside from a thermal point of view because it allows continuous insulation with little or no thermal bridging. Also, it protects the facade from bad weather and preserves the building’s thermal inertia, generally important for comfort in summer. Finally, the insulation from the outside guarantees permeability, which allows a much greater regulation of the house’s humidity.

 

Energetic savings

 

The savings will depend on the type of insulation you choose and its thickness. Also, properly insulating a home increases your property’s value (especially when it comes to selling it). This will pay off your initial investment much faster.

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This is a decision that can take a long time and therefore needs to be carefully thought through.

If you want to maintain the environment that surrounds your house or property, it is sometimes best to choose colors similar to your neighbors’ exterior walls. You can still incorporate your own style while applying the most used colors in the neighborhood.

Target on a south-facing wall could quickly turn blinding. On an east-facing skirt, which is the most exposed to the elements, your lovely white wall could quickly get dirty.

Your house is the sum of all its parts. Take into account the color of the roof, windows, doors, and shutters or even the surrounding vegetation as a starting point when choosing. Try to visualize these colorstogether, don’t forget that you can request samples of the variety of colors from Cedral. However, we recommend avoiding using more than three different colors.

The slightest ray of sunlight illuminates light colors; consequently, they are ideal for exterior walls and tinted or north-facing homes. They also help to highlight the architectural design, making the house look more spacious. White is simple and classic, although it does get dirty quickly. Cedral boards can be cleaned quickly and easily with a little mild detergent or mildly soapy water, which is then rinsed off with clean water, bringing back the pleasure of seeing the light-colored exterior wall.

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