Borrow smarter, not harder

When an emergency strikes – a car repair that can’t wait or a sudden medical bill – credit is often the lifeline that pulls you through. But during National Savings Month, it’s important to remember that credit isn’t just about getting the money; it’s about what that money costs you. 

Your credit score is your entry ticket 

Your credit score is more than just a number – it’s your ticket to lower interest rates and better deals. Before you apply for credit, check your score with JustMoney. Knowing it upfront helps you avoid multiple applications, which can hurt your score. By tracking it regularly, you can apply with confidence for credit that fits your life. 

Avoid the “total cost” trap 

Banks often market low monthly payments by stretching the repayment term over many years. While R500 a month might look affordable, paying it over 60 months could cost you thousands more in interest. Always check the total cost of credit before you sign. Comparing the total amount you’ll pay back – not just the monthly instalment – is the best way to stop money leaking from your future budget. For more tips, read “Plug your debt leak”. 

The power of the “extra R200” 

If you already have a loan, you have a powerful advantage: early repayment. Even an extra R200 a month towards your balance reduces the principal amount faster and shrinks the total interest you’ll pay. It’s one of the most effective ways to earn back money from the system. If you have no money to spare and your debt feels overwhelming, log in for a free call-back with our JustMoney coaches to see how we can support you. 

OUR MONEY COACH PRO-TIP  

Knowing your credit score before you apply for a loan is one of the best ways to protect your score.  

Log in to check your credit score for free. 

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Plug your debt leak