Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did

2025-08-30

Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1

2025-08-30

Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix

2025-08-30
Facebook X (Twitter) Instagram
Trending
  • Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»News»Six Tips To Manage Debt, Finances After Easter Spending
News

Six Tips To Manage Debt, Finances After Easter Spending

Staff WriterBy Staff Writer2025-04-29No Comments6 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Lethukuthula Ngcobo_Integrated Advice Product Specialist at FNB
Lethukuthula Ngcobo_Integrated Advice Product Specialist at FNB
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

The holiday season, is a time marked by family gatherings, travel, feasts, and often, a bit of over-indulgence. In fact, data from FNB recently revealed that most South Africans, in the lead-up to and during the Easter period, tend to spend more on general shopping, flights, accommodation, home DIY, restaurants, and clothing and apparel. But the numbers can add up quickly and, when the celebrations wind down, the reality of overspending can hit hard.

“Reality (after a heightened period of shopping and spending) can feel like a financial hangover. When the excitement of the season wears off, you might ask yourself ‘Why did I spend so much money?’, followed by a flurry of physical symptoms such as self-blame, guilt and self-isolation brought on by the shame of your new-found financial situation of being further in debt,” says FNB Retail Collections executive head Patricia Temba.

While these feelings of regret are normal, it’s important to quickly move to a space of self-empathy and use them as a springboard for action and corrective measures to ensure that you can regain control of your finances and effectively manage your money moving forward. That’s why experts at FNB Integrated Advice and FNB Collections have collated a series of invaluable tips to help you regain control of your finances and actively manage your debt in the weeks following Easter.

  1. Acknowledge the season’s impact on your finances

During holiday periods like Easter, it’s common for many to feel social pressure to spend on travel, buy gifts or host family, even when money is tight. That said, remember that it’s also possible to find a way back to a more balanced financial situation. “Creating memories that matter is normal and so is the financial cost that often comes with that. As a financial institution we understand that spending time with family is incredibly important, so we don’t look at this from a judgmental point of view. In fact, we want to support our customers by walking them back as they rebuild their financial confidence,” adds Temba. 

  1. Assess your financial situation

When assessing your financial situation, it can be tempting to look the other way and choose denial of your financial situation by avoiding looking at your bank balance or opening your bills. However, your ability to face your post-holiday reality head-on can mean the difference between drowning in debt and coming out of your situation in a better position. “List everything, including your debts, monthly obligations, and upcoming expenses,” says Lethukuthula Ngcobo, Product Manager at FNB Integrated Advice. “Realise that clarity is empowering. Seeing it all in front of you might seem scary at first, but it’s equally important as it gives you a concrete lay of the land and helps to kick your brain into problem-solving mode.”

  1. Prioritise and budget

What you want to avoid, now that the holiday high is over, is continuing to make bad decisions with your money. You don’t want to put yourself into further debt just because you’re trying to stay afloat. And, now that you know what you’re working with in relation to your upcoming financial obligations, budgeting can bring you a much-needed sense of calm and control. “Plot out your essential expenses against your income,” adds Ngcobo. “Distinguishing between your needs and wants will help you prioritise critical items such as rent, utilities, groceries, and minimum debt repayments. Once those are covered, you can use your remaining income to gradually pay down your higher-interest debt.”

  1. Steer clear of new debt

“It can be tempting to dip into tools like credit cards, and personal loans to make-up for your financial short falls after a high-spend period. However, this will likely only lead you into a spiral of debt that is harder to break. As such, financial discipline is critical as it will help you set the foundation for longer-term stability” says Temba.

“To help yourself pause all non-essential spending and steer clear of taking on any new unnecessary debt, ask yourself, ‘Can I afford this?’ or ‘Am I willing to take on more debt to bring me more financial pressure in the long run?’ says Ngcobo, adding that tiny mindset shift can help you curb stress-induced emotional spending in the moment.

  1. Contact your creditors early

Most people erroneously delay proactively reaching out to their creditors when they are struggling. However, sitting around and merely hoping that things will improve is often not the best approach. “Not talking to your creditor or financial institution can, in fact, lead to penalties and default listings. At FNB we want to help you avoid this altogether – that’s why we sincerely encourage you to reach out to us the moment you suspect that you might have trouble meeting your financial obligations. Give us a call and we’ll see how we can help you – including exploring payment plans that suit your circumstances – but reaching out early is key,” says Temba.

FNB Retail Collections executive head Patricia Temba
FNB Retail Collections executive head Patricia Temba

Additionally, Ngcobo believes that due to the deeply psychological nature of money matters, feelings of shame and fear of judgment leaves many to keep their financial issues to themselves. “If you’re feeling overwhelmed, it’s even more important to speak to your lender. You’ll find that contacting your financial institution and explaining your situation will feel more like a relief than a confrontation. There’s no shame in reaching out because we’re here to offer solutions not obstacles.”

  1. Use free tech tools at your fingertips

Using a combination of human and technological help can go a long way in helping you turn your post-holiday financial situation around. “At FNB, we want to help consumers manage their money better, by empowering them with the intuitive tools like nav» Money on our banking app. It offers a myriad of resources like coaching through videos, podcasts, and practical tools to help you budget, set spend limits and scheduled payments, track your spend, and even keep an eye on your credit score.”

“Bouncing back from a period of heightened spending requires sobriety of thought, concrete support, empathy for oneself, and quick action to turn the situation around. And, at FNB we’re committed to helping our customers navigate their financial circumstances and walk them back to a path of financial stability,” concludes Ngcobo.

Debt Easter Spending finances FNB
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Staff Writer

Related Posts

Zayna Mahomed Is EPF Solve’s For X August Winner 

2025-08-29

Eskom Fraudster Sentenced, Ordered To Repay R2.6M

2025-08-29

WeThinkCode_ Graduates Stand Out In Job Market With Cutting-Edge Industry Electives

2025-08-26

Africa Can Turn Its Minerals Into Green Gold

2025-08-26

SwapVend Launches Its Minimum Viable Product To Bridge SA’s Informal And Formal Economies

2025-08-25

MortgageMarket & Takealot Launch SA’s 1st E-Commerce Home Loan Hub

2025-08-25

Spaza Market Lays The Foundation For Africa’s Enterprise Economy

2025-08-25

Why South Africa Is The Hidden Powerhouse For Global Executive Search

2025-08-25

University Of Pretoria Ranked No. 1 In SA For Artificial Intelligence Research

2025-08-24
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

BankservAfrica Rebrands As PayInc

The financial market infrastructure giant BankservAfrica has officially been rebranded to PayInc. The launch, held…

KZN’s First Supercar-Centric Luxury Residential Development Unveiled

2025-08-27

Government Pensions Administration Agency CEO Placed On Precautionary Suspension

2025-08-26

Airtel Africa & Vodacom Forge Landmark Infrastructure Partnership

2025-08-12
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

SA’s Skhokho 2.0 Puts Enterprise AI In SME Hands

2025-08-28

Please Call Me: After 25 Years, Will SCA’s New Bench Silence ConCourt?

2025-08-26

Vodacom Invests R400M To Expand Network In Free State And Northern Cape

2025-08-26

Elon Musk’s Starlink Backs BEE Equity Equivalents, Not 30% Ownership

2025-08-18

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did

2025-08-30

Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1

2025-08-30

Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix

2025-08-30
Recent Posts
  • Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did
  • Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1
  • Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix
  • Why Remittix, Solana, Avalanche, & Litecoin Are The Best Altcoins To Buy Today
  • Hoskinson Talks Network Future & ADA Plans As Price Drops With Top Investors Eyeing This New Altcoin
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2025 TechFinancials. Designed by TFS Media.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.