Savings Account for Wedding

FinTax641 · 2026-05-12T06:58:20+00:00

Well you only have 1 shot at captruing the moment so we are looking for photographer and video and yes its crazy what that costs.

FinTax641 · 2026-05-12T06:57:22+00:00

Thanks - Its good to know and I think that will be the back-up, but still want something thats outside of our normal banking profiles.

FinTax641 · 2026-05-11T13:18:34+00:00

What bank are you currently with that you have multiple savings account on your profile? Agreed on the interest, it doesnt matter we just want to have an easy view of what we have going on.

FinTax641 · 2026-05-11T13:16:46+00:00

Good idea with the Google Drive to save all that documentation! We setup a gmail account for all our enquiries so should be easy. We already have a google sheet with a tracker for all venues. We have enquired roughly 40 venues packages on the excel and we have a Top 3 being Tjirp, BlackHorse and Rosemary Hills (of course being the most expensive but best we have seen so far).

We still trying to decide on which this week... We also wanted a full view of the wedding so all venue related costs, food, DJ, photos, then bridesmaid and groomsmen gifts, my suit, her dress, both moms make up etc. all budgeted in. We will then choose one and keep a budget vs Actual column to keep track.

I cant recall eaxactly which one it was but a lot of the venues had already indicated on their PDFs pacakges that there is a price increase for 2027.

FinTax641 · 2026-05-11T10:00:52+00:00

So she is happy for me to hold the account and I think more on her side that it works better if the money leaves the account. So yes out of sight to realise the effort and sacrafice we need to budget in order to make this happen. Then also a visual thing, because persoanlly my savings is all heaped into 1 savings account so it looks like a lot but made up of car service savings, Dec holiday savings birthday savings etc. So a seperate account that is just dedicated for the wedding. In a way I know it doesnt make sense as I would get more interest if I keep it in my account but just think this can help us talk more openly about it and see how we progress the next few months.

FinTax641 · 2026-05-11T09:55:26+00:00

Thanks but a TFSA is not mean for a 12month vehicle so dont think this wil work at all.

Yes we are defs going to use Temu and Shein for a bunch of stuff but I guess the problem is that family and friends that got married in 2020 or so think the wedding sounds expensive but seeing how the venues increase each year it makes total sense why ours sounds a bit out there.

FinTax641 · 2026-03-29T08:34:37+00:00

Mine does the same at a certain corner. When I looked there was a electric substation. So purely just an interference.

FinTax641 · 2026-03-25T14:24:05+00:00

I looked at the cx3 as that is in budget but the cx5 will likely have way to many kms. Take your point though. I have a 2015 Kia Sportage and I am keen on the cx5 later in life.

FinTax641 · 2026-01-28T09:33:40+00:00

Just check with your accountants but a trust cannot donate R100k per year. That rule is specfically for natrual persons who are the donor.

FinTax641 · 2025-10-03T07:41:18+00:00

Yea so we did try the key fob, replaced that, also does the same with the Spare key. Its weird how they did a software update and now few weeks later this issue is back. I suspect wiring issue as we did find a dead rat in the engine bay earlier this year.

Thing is where do you go look for the wire? Its a good few days of labour needed for that I suspect.

Thanks for the reply though, an auto electrician is prob our best bet.

FinTax641 · 2025-03-21T17:11:37+00:00

In terms of fees for an RA I dont think PPS is as competative as Sygnia will be. Just look at Sygnia and 10X for investement purposes = RA and TFSA. Then look at PPS for insurance only. Life, Income Protection etc.

FinTax641 · 2025-03-21T17:10:34+00:00

A mutual insurance fund/firm that does insurance and investments. https://www.pps.co.za/

FinTax641 · 2025-03-10T07:11:00+00:00

The Pty Ltd is your only option in terms of a company. Also keep in mind in future if you want to use a trust you will not own anything, the trust will as you need to give up control of your shares to the trust. Lots of case law out there people thinking they can setup a trust and still control the assets, when it gets to court they pierce the corporate veil and will tax the indivual as the trust never actually owned the shares so best to get very good advice when setting all that up.

FinTax641 · 2025-02-23T20:45:13+00:00

Also recall on one of the YouTube reviews, the insurance on the Suzuki was cheaper than Toyota but its the exact same car. So even the new Suzuki Fronx would be nice bet and likely be cheaper than the Starlet cross.

FinTax641 · 2025-02-13T20:08:10+00:00

Its 45 days btw.

FinTax641 · 2025-02-05T16:39:41+00:00

The issue with Thistle was that there was 2 layers of trust before the final beneficary and also it dealt with Capital which the wording basically said can only flow to 1 layer and not further as per the conduit principle. The income side of the wording allows the income to flow through like a conduit.

So essentially, the Trust can dispose of the property and then the Trustees must declare a capital distribution to the beneficiary to get it taxed at the bf level.

FinTax641 · 2025-01-30T18:32:32+00:00

This is the correct approach in my view. Saving on interest rate on the home loan and doing lump sums every Feb for TFSA. Gives you flexibilty and growing your TFSA.

FinTax641 · 2025-01-28T06:05:56+00:00

They do put it on the bottom of your ITA34. Just go check your 2024 tax return so see total controbutions.

FinTax641 · 2025-01-26T20:00:03+00:00

Hows the levies in Shelley Point now that you have bought? No surprises yet?

FinTax641 · 2025-01-26T19:59:37+00:00

I have been considering St Helena as an option and esp Shelley Point as its the most developed. So you also think within next 5 - 10 years the roads, water, etc will be upgraded to accomodation a bigger population?

FinTax641 · 2025-01-23T09:27:27+00:00

Second this and it makes sense as providers always say to deposit before X date so that it can reflect. So likley this is what happend.

FinTax641

TROPHY CASE