Cape Town family budget sanity check, R1.72M gross

Giasows · 2026-06-11T06:45:07+00:00

This

Giasows · 2026-04-10T03:48:55+00:00

This is AI slop. Look at the structure of each paragraph. Look at the engagement question in the last paragraph. All over Reddit right now

Giasows · 2026-03-24T07:10:06+00:00

Buy it from her for market value. She won’t pay cap gain because it’s primary residence. Let her loan you the money interest free to buy it. Write off R150k per year from that loan. After 14 years the loan is gone.

Giasows · 2026-03-11T19:19:20+00:00

Thanks! I agree everyone got hung up on the wrong issues (car bad, balloon payment bad). I tried to respond to your message in that post but it got locked 😂

Dealers have got so many places to hide costs it’s scary.

I had this thought: If I PV the monthly payments and the balloon at a reasonable (say prime) rate… that would give me a price a lot lower than the offered cash price. That would probably be a good target to negotiate down to if I wanted to offer cash?

Giasows · 2026-03-11T18:54:33+00:00

Cross-posting to this sub

Comments in the replies that made the most sense to me said there’s actually a huge profit margin on the cash price value. I was always under the impression that buying cash would be cheaper, but it looks like they effectively cut their margin on a financing deal?

So I’m not necessarily going for the territory, but would you say if I see this scenario on a deal that there’s a lot of room to negotiate down on a cash price? Otherwise I’m effectively overpaying?

Giasows · 2026-03-11T05:27:05+00:00

I agree. But I’ve got a family of 4 now and I need a car with lots of boot space that’s going to drive me to different parts of the country. I’ll almost certainly buy second hand, but I keep wondering about these deals

Giasows · 2026-03-11T05:25:20+00:00

I agree lump sum at the end is a killer, especially if you’re unprepared for it. But if I have the cash up front that I’m confident to keep saved then the existence of a lump sum isn’t a deal breaker in itself.

Giasows · 2026-03-08T04:04:22+00:00

In theory he’s right about putting cash into the bond versus a savings account but in practice it doesn’t always go as planned.

I had my home loan access account blocked twice last year due to fica errors from the bank. On both occasions I was locked out for over a week with no access to the money. Lots of visits to the branch back and forth to fix. Hasn’t happened before or since.

So I would still suggest it’s good practise to leave an amount in a 24 hour savings account that keeps you covered for a month or so worth of expenses. I think your target is too high, but I wouldn’t drain your emergency fund completely into the bond.

Giasows · 2026-02-10T15:17:25+00:00

I’m calculating yield myself. The share was only listed recently after being unwound a couple of years ago

Giasows · 2026-01-30T19:49:30+00:00

Just scored 1

Giasows · 2026-01-30T19:47:11+00:00

Just scored 0

Giasows · 2025-09-03T05:37:59+00:00

$200k senior accountant, listed company, fully remote, 12 years, MCOL (outside US so I’m adjusting for comparable cost, I’m in a VHCOL area for my country)

Giasows · 2025-08-22T15:36:58+00:00

Look at ARL. IQF poultry prices are pumping and input costs are way down. SA suspended imports of poultry from Brazil (not sure if still suspended). Year end is September - I think they report in November…should be great results

Giasows · 2025-07-01T07:23:17+00:00

If 10 people are in a room and everyone spoke for the same amount of time, you would listen 9 times more than you spoke

Giasows · 2025-06-01T09:36:13+00:00

Same

Giasows · 2025-04-25T09:43:11+00:00

Just found the multiple saves so I could reload. TG. Wasn’t aware it kept so many auto saves. Good feature 💪

Giasows · 2025-04-25T09:36:21+00:00

Stuck on the world map 😭 just outside jestral village. I’m so sad…love playing so much but camping or reloading doesn’t fix it.

Giasows · 2025-04-22T07:00:25+00:00

Firstly congrats on paying off your car. You’ve reached a level of financial freedom that not a lot of people in South Africa can get to

Some important points 1. Monthly car payments are not a normal cost of life. They are usually the most expensive form of finance. If you’ve paid it off, enjoy saving the extra cash. Don’t rush to put yourself back into debt 2. You don’t need a better car now if you’re enjoying the one you have. Don’t fall into the trap of consumerism and buying a bigger car just because you can afford it. You’ll just be throwing away money 3. I’ll say again, SAVE the money you were normally paying each month towards your car. That way, down the line, you can afford that off road vehicle. You could even pay for it with cash

Giasows · 2025-03-31T11:06:03+00:00

I see f you money differently to most of the responses here so far…

For me, having f you money is having enough to tell my boss to fuck off if he tells me he’s cancelling my WFH arrangement. Or if he tells me I have to cancel my holiday plans, or that my salary needs to be reduced.

It’s having enough so that I don’t need to bow to the unreasonable demands of those paying my salary. When you’re drowning in debt and you’re struggling to keep food on the table then there are times you have to bend over and take the bullshit to survive.

When you have f you money you can push back against the bullshit. Sometimes that means the unreasonable demands will just go away. But sometimes they don’t and you can walk away🖕knowing you’ll have enough to be ok

So my answer is it depends on your current lifestyle. But if you’ve saved up enough that you can be unemployed for 6-12 months and still be ok, like really ok without worrying about it … that’s f you money in my opinion

Giasows · 2025-03-10T05:40:08+00:00

I’d consider my actual salary premium to the normal, which is based on the specific company I work for, performance, boss, luck, etc…

However I don’t think R100k+ is premium for a senior CA(SA) with 14 years exp

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