If you are preparing to celebrate the beginning of August, you might face some not so pleasant surprises. Price increases and the end of discounts are on the horizon.
First of all, from August 1, the electricity bill is about to go up. Regulated electricity tariffs will increase by 10% from 1 August. For an average household, this could mean an additional cost of 150 euros per year.
Unfortunately, if you were hoping for a few bargains, know that the summer sales end on August 1st. They were extended for a week to help traders after the unrest following Nahel’s death in Nanterre.
On the other hand, if you were planning to grow your savings, you failed. If you have money in a Livret A, the rate of pay will remain the same at 3% and will not increase when it should have gone to 4%. This is good news if you keep money in this account because the rate won’t go down, but since the cost of living is rising faster than the rate, it’s not ideal.
For parents with modest incomes, the back-to-school allowance will be paid this Tuesday in Reunion and Mayotte, and on August 16 for the rest of the country. This allowance is financial assistance to help families cover the costs of the start of the school year.
Finally, if you are a landlord, remember that July 31 is the deadline for declaring your real estate to the tax authorities. Even if the housing tax on the main residence has been abolished, it still applies to secondary residences and vacant premises.
However, there is good news for the environment that will also arrive on August 1: the systematic printing of paper receipts in supermarkets will be abandoned. However, if you like to keep track of your purchases, you can always request a ticket. Implementation of this measure had been delayed because inflation was at its peak, and receipts were a way for people to track prices.
This month of August therefore begins with 3 bad news and 2 good news. Nothing to spoil your holidays!
