Starting your first job comes with new responsibilities, and managing your money is one of the most important.

While your first salary often goes towards rent, essentials, or a well-earned celebration, the financial habits you form early can shape your future.

Gavyn Letley from DirectAxis explains that your financial track record begins as soon as you earn a regular income.

“This opens doors to financial products, such as credit cards, retail accounts and loans. How you manage and repay these, along with obligations like rent or cellphone contracts, determines your credit score, one of the most important pieces of financial information about you,” said Letley.

Letley says setting a budget is crucial. Tracking income and expenses helps reduce unnecessary spending, makes room for savings, and builds a healthy credit profile.

“A good credit score improves your chances of qualifying for loans or vehicle finance and can secure better interest rates.

“Although consumers are legally entitled to one free credit report a year, many never check it. Today, several platforms offer free, easy-to-use tools that explain what affects your score and how to improve it.

“Understanding your credit score gives you more control over your financial future and dispels myths like ‘blacklisting’,” Letley adds.

“Checking your credit score won’t harm it, and regular monitoring can help you spot errors or fraud early. Before you spend your first pay cheque, take time to understand your credit score and start building a strong financial reputation,” said Letley.