Give your money a health check-up

At the start of the year, many people set New Year’s resolutions – committing to eat healthier, exercise more, live better, and improve their budgeting habits.

Now that we’re almost halfway through the year, how are you doing with those commitments, especially when it comes to managing your money?

Just like your body and health, your finances need regular check-ups to stay in good shape. Kenosi Rakosa, the head of credit lending at EasyPay Loans, based in Fourways Crossing shopping centre, shared some simple, practical tips to help you manage your money more effectively through the rest of 2025, so you can end the year feeling financially empowered.

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“Just like it’s important to have a healthy body, it’s also important to make sure your money is in a healthy condition. By keeping track of your money and borrowing responsibly, you can cut down on money stress for the remainder of the year,” she said.

Here are Rakosa’s steps to take for your money health:

• Know where your money goes – Often, we think we have our money under control, but it is important to take a few minutes each month to check on how much money you receive, how much money you spend on monthly things, and whether you can pay all your accounts on time.
• Track your spending – Make it a habit to write down every expense, no matter how small it is. This helps you see exactly where your money is going, and that way, you can find ways to save. For example, buying small grocery items every day can add up, but if you do a bigger monthly shopping trip, you could save on bulk items. Small changes like this can make a big difference over time.
• Borrow responsibly and pay back your loan on time – A loan can help in emergencies or for big expenses, but borrowing too much or taking too many loans can cause money stress. When you borrow responsibly, you stay in control.
• Get help from money professionals you trust – Sometimes, getting expert money advice can be a big help. So, if you are thinking about a loan, you need to make sure it won’t cause problems for you when you have to pay it back later.

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