Demo · Alex, Cape Town

Overview

32 years old · income ~R45 000/month

Track your own finances

Net worth

R 1 095 000

Assets R 2 393 000Liabilities R 1 298 000

Alex's accounts

7 accounts · R 2 393 000 assets · R 1 298 000 liabilities

Capitec Transactional

Banking

R 18 500

FNB Savings Account

Banking

R 94 000

EasyEquities TFSA

Investments

R 22 000

Allan Gray RA

Retirement

R 89 000

Luno Crypto Wallet

Crypto

R 34 500

Primary Property

Property

R 1 850 000

Vehicle

Vehicle

R 285 000

Allocation

Assets

R 2 393 000

Property77%
Retirement4%
Banking5%
Investments1%
Crypto1%
Vehicle12%

Insights

7 observations on Alex's finances

Analysis · Top opportunity

R6 708/yr combined: idle cash + unused TFSA allowance

+R 6 708

per year

Calculate your own missed returns

You have R112 500 earning an average of 4.7% p.a. across 2 low-yield accounts, and R24 000 of your annual TFSA allowance unused with 10 months left in the tax year. Optimal split: R24 000 into a TFSA money market account (tax-free) and R88 500 into a regular money market fund. Best money market options right now: TymeBank (10% p.a., 0% fee) or Capitec (8.5% p.a., 0% fee). For the TFSA portion, EasyEquities TFSA (14.2% p.a., 0.25% fee) is currently the top-ranked option. Combined impact: R5 988/yr in additional returns + R720/yr in tax savings at a 30% marginal rate. Sustained over 10 years with compounding at 8%, this combined drag costs you R97 176.

Liabilities are 54% of your total assets

You have R1 298 000 in liabilities against R2 393 000 in assets, a debt-to-asset ratio of 54% and a net worth of R1 095 000.

+R 155 760/yr

Your vehicle may depreciate R42 750 this year

Your vehicle is currently valued at R285 000.

+R 42 750/yr

R18 537 of SARS interest exemption remaining

SARS allows R23,800 in interest income tax-free per year.

Your Property allocation is 77% of your portfolio

Your Property holdings make up 77% of your total assets (R1 850 000).

98% of your assets are ZAR-denominated

An estimated 98% of your assets are in ZAR-denominated instruments: banking accounts, local retirement funds, property, and vehicles.

Retirement savings are 4% of assets (benchmark is 22%)

Your retirement savings are R89 000, or 4% of your total assets.

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