- A South African woman shared with netizens how to budget for a car on a R25 000 salary in a TikTok video
- She drew up a spending plan that shows where every rand goes, including her car-related expenses
- Her allocation of funds stunned social media users, and many feel some of her spending is unjustified
A South African TikTok star shares her budgeting expertise for car ownership on a modest salary.
Childfree financial planning
The savvy budgeter @fulumashapha explained that she crafted the budget with someone in mind who doesn’t have children but plans to incorporate a car into their expenses.
The R25 000 salary considered for this budget is after deducting taxes, medical aid, and other necessary deductions.
Car expenses in monthly salary
From allocating 10% of her salary to tithe to budgeting only R1,000 for petrol, the spending …