Plan smarter, earn faster: Your guide to the Vitality Money Plan ring

What do a budget, a plan and a good financial adviser have in common? They're all essential for financial success - and now, they're all part of how you can earn Vitality Money points with Discovery Bank.

The Plan ring is the latest addition to the Vitality Money programme, designed to help you take control of your finances, build your knowledge, and engage with expert advice - all while unlocking up to 40,000 points to boost your Vitality Money status.

Here's how you earn points in the Plan ring:

1. Financial Analyser - stay on budget and get rewarded

The Financial Analyser is a powerful tool in your Discovery Bank app that helps you set and manage your monthly expense budget.

• Earn 10,000 points instantly when you set up your first budget (These points are valid for 3 full calendar months.)
• After that, earn monthly points based on how closely you stick to your budget. Earn a maximum of 10,000 points for:
  • 10,000 points if your expenses are within 5% of your expense budget
  • 5,000 points if your expenses are over 5% but within 15% of your expense budget
  • 2,000 points just for engaging with the tool (more on that below)

To qualify, make sure you have fewer than 5 unclassified transactions for the month.

Engagement means taking action:

• Reclassify at least one transaction
• Change a subcategory budget
• Adjust your alert settings

Points are awarded at the start of each month for your actions the month before.

2. Worth courses - learn how to build real financial wealth

Whether you're managing your money alone or as a couple, the six hour self-paced Worth coaching course is an investment in your future - plus it earns you even more Vitality Money points!

• Earn 10,000 points when you complete the Wealthy Me or Wealthy Couples course
• Your points are valid for 12 months
• After that, you will be receive 5,000 points for another 12 months

Activate and pay only R5, for a limited time, for your Worth course directly in your Discovery Bank app under Vitality Money > Money Coaching.

3. Financial Needs Analysis - get expert advice that earns you points

Get a clear view of your financial priorities by completing a Financial Needs Analysis (FNA) with your Discovery Financial Adviser.

• Earn 10,000 points for completing at least one mandate and one needs module via Adviser 360
• Points are awarded for a 12-month period after completion
• If you complete another FNA during that time, your points can reset and continue

You don't need any other Discovery products to complete an FNA and earn points.

4. COMING SOON: Estate Planning

You will soon be able to earn points for having a valid will in place with Discovery Wills and Trusts services.

Ready to start earning?

The Plan ring is all about helping you do the work that really pays off. Whether it's budgeting with the Financial Analyser, learning with Worth, or getting professional guidance with an FNA - every step helps you make more empowered money decisions and improves your overall Vitality Money status.

FAQs

Q: Can I earn points for more than one activity in the Plan ring?

Yes! Each component - Financial Analyser, Worth, and FNA - gives you separate points. Combined, you can earn up to 40,000 Vitality Money points through the Plan ring.

Q: Do I lose my points if I don't use a tool every month?

Not necessarily. For the Financial Analyser, your engagement resets monthly. Worth and FNA points are valid for a full 12 months after completion.

Q: Where can I see my Plan ring progress?

Log in to your Discovery Bank app and check your Vitality Money dashboard to view your ring progress and available actions.

Your next step? Open your app and tap into the Plan ring.

You've probably heard the oft-quoted mantra, "Failing to plan is planning to fail." It's one that's especially relevant when it comes to money.

If you want to really get ahead with your finances, instead of feeling like you're just getting by each month - why not set yourself the goal this year to complete your Plan ring actions? Then watch how your finances are transformed by the fundamentals of financial health!

• This article is meant only as information and should not be taken as financial advice. For tailored advice, please contact your financial adviser.