It’s hard to stay positive when the bank account is negative. Nearly one in two French people is uncovered at least once a year. At least that is what a study by Panorabanques unveiled by Le Parisien and carried out in 2021 reveals. That year, 46% of them said they had experienced a bank overdraft at least once compared to 51% in 2020.

In more detail, 19% of French people assume that they experience such a situation at least once a month, 13% once a semester and 15% once a year. Our colleagues specify that a certain disparity exists according to the profiles.

Indeed, those who are the most affected are single-parent families, couples with children as well as working people with incomes of less than 1500 euros per month. Single people and executives with incomes above 2,500 euros are, conversely, much less inclined to regularly experience bank overdrafts.

To justify the overdrafts, three answers stand out among the others. Thus, the majority of the people concerned (36%) believe that they are in a generally difficult financial situation. This reflects the profiles most affected by these situations.

However, 34% of respondents believe that their overdraft is due to a large unforeseen expense while 23% admit to not having been careful.

Bank overdraft can be a real vicious circle because the next salary is usually used to pay off this debt, leaving very little room for maneuver to end the month calmly.

Here are 7 tips that will allow you to get out of this vicious circle and never return to it.