As South Africa enters the final quarter of 2025, individuals and families have an opportunity to review their finances and take decisive steps before deadlines close. Small, intentional actions now can strengthen your financial position for the new year, says Sarah Nicholson, customer experience and platform manager at JustMoney.co.za.
“The actions and strategies you implement in the final quarter of 2025 should support both immediate financial health and sustainable wealth building,” Nicholson advises.
Key Year-End Money Moves
1. Secure Your Legacy
- Draft or update your will to avoid complications for loved ones.
- Review beneficiary nominations on retirement funds, insurance policies, and investments.
2. Maximise Tax Efficiency
- Top up your retirement annuity contributions before 28 February 2026 (up to 27.5% of taxable income, capped at R350,000).
- Donate to a registered Section 18A Public Benefit Organisation to claim deductions.
3. Budget for the Festive Season
Discovery Bank’s data shows December spending spikes: outdoor activities (+62%), movies (+52%), toys (+32%), and eating out (+26%). Use a dedicated savings account or envelope method to keep festive spending under control.
4. Plan Ahead for Education Costs
- Explore annual school fee payments for discounts of 5–10%.
- If not feasible, spread payments evenly to avoid year-end financial stress.
5. Build an Emergency Fund
- Aim for 3–6 months’ expenses.
- Split reserves between an accessible savings account and a 32-day notice or fixed deposit.
6. Get the Best Value from Medical Aid
- Use any outstanding 2025 benefits before they expire.
- Review and compare plan options during the November–December open period.
7. Optimise Property and Debt
- Refinance bonds if interest rates have fallen since purchase.
- Review rental fees and engage with tenants about 2026 adjustments.
- List and prioritise debt repayments. Seek NCR-registered debt counselling if needed.
8. Review Insurance and Investments
- Ensure life, disability, vehicle, and household cover match your needs.
- Align investment performance with your long-term goals.
- Explore offshore exposure via JSE-listed ETFs for diversification.
9. Take Advantage of Municipal Relief
- Apply for rebates or discounts based on age, income, or disability.
10. Boost Earnings and Plan Travel
- Explore gig economy opportunities, remembering all income is taxable.
- For overseas trips, stagger forex purchases to lock in better exchange rates.
- Review travel insurance and medical aid cover for international journeys.
Looking Ahead
“By being proactive now, you set yourself up for a smoother start to the new year, with a clearer sense of control over your money and a stronger foundation for future goals,” Nicholson concludes.
Year-end financial planning isn’t only about surviving December expenses – it’s about creating stability, opportunity, and growth for 2026 and beyond.
