Smart Money

Are you smart with your money? Find financial freedom by reading our advice on how to save money, planning for your retirement, growing your money and much more! Plus, we've got great tips from leading finance experts to ensure your financial wellbeing.

 
 
 
 
 
 

The costs of tying the knot

Planning a wedding in all its beautiful detail is exciting and romantic – the ring, the dress and suit, flowers, food, music. For couples about to start a new life together, the delight of the wedding, the honeymoon, and everything that follows, is the stuff of special, magical memories.

 
 
 
 
 
 

Budgeting for Baby

While the anticipation of the arrival of your little one is a special time, having children does have a significant impact on your finances. Having a baby means committing to a whole new lifestyle and budget.

 
 
 
 
 
 

"I matter. I matter equally" - Why women need life insurance

It's time to say goodbye to the gender insurance gap – men and women need life insurance equally, regardless of their roles in the household or society. Women’s lives are valuable, and need to be protected.

 
 
 
 
 
 

How AI is taking the emotion out of investing – and why that’s good for your portfolio

Artificial intelligence or AI is the new buzzword in the investment industry, and for god reason. Here’s how AI is now able to bring the best of passive and active investing worlds into one portfolio.

 
 
 
 
 
 

Teen entrepreneur cracks the tech world open

16-year-old Brandon Kynoch’s mobile game, 'Torus.' was downloaded 100 000 times during its first 24 hours on the App Store and chosen as 'Game of the Day' in 137 countries. Discovery caught up with this self-taught programmer and indie game developer, to talk tech.

 
 
 
 
 
 

Your Discovery Life dictionary

Discovery Life is committed to helping South Africans improve their financial literacy. Here’s a handy guide to common terms, products and benefits we use when communicating with our clients.

 
 
 
 
 
 

Super-fit Maema aims to maximise his Discovery benefits

From millennials to those more mature what you eat, how you exercise, and your general health status can have a large bearing on your everyday quality of life. Here are expert opinions on how to be at your best throughout the decades.

 
 
 
 
 
 

Five questions to ask your financial adviser

Choosing a financial adviser means choosing someone you can trust to understand you as an individual and help you achieve your long-term financial goals. It is helpful for you to know that financial advisers are required, by law, to meet certain minimum requirements.

 
 
 
 
 
 

How a financial adviser can help you achieve your savings goals

A financial adviser is a qualified professional with knowledge and experience of all aspects of personal finance. If you’re struggling to start your savings journey and feel you need some help from a professional, a financial adviser is your go-to person.

 
 
 
 
 
 

Sumitomo Life launches Vitality in Japan

Vitality is a compelling behaviour change platform that partners with leading insurers and forward-thinking employers around the world. More than 8 million people globally engage in the Vitality health programme, and as of 24 July 2018, clients in Japan can too.

 
 
 
 
 
 

Saving money by keeping your healthcare costs down

You've set goals and you're well on your way to being someone who saves towards reaching their financial security goals. Then suddenly, the whole family has the winter sniffles and there are healthcare costs your medical scheme doesn't cover.

 
 
 
 
 
 

Investment mistakes and how to avoid them - part 2

Investment mistakes are common, and they cost you money - that's why they must be avoided. We give you some more tips that will help you minimise investment mistakes and avoid losses, so that you will stay on the path to financial security.

 
 
 
 
 
 

Investment mistakes and how to avoid them - part 1

Investing doesn't have to be a challenge. By following simple principles and avoiding common mistakes, you can enjoy the benefits of successful long-term investing. Discovery Invest looks at the most common but avoidable investment mistakes.!

 
 
 
 
 
 

Make your money work for you - the beauty of compound interest

For an investor, compound interest can be a mathematical wonder. It is the reason investing works better in the long term than just saving. We walk you through the basics of what compound interest is and why you should care.

 
 
 
 
 
 

Drawing up a budget to reach your savings goals

During Savings Month, we're looking at how saving money can help you become financially secure. We now know that the first step towards getting where you want to be financially is to set SMART goals. This article looks at the importance of drawing up a budget to support your goals.

 
 
 
 
 
 

How to get started on your savings journey

July is National Savings Month – an annual campaign to raise awareness about the importance of saving money, aimed at bringing about a shift among South Africans towards a culture of saving. Throughout the month, we will share advice to help you reach your savings goals.

 
 
 
 
 
 

3 ways to get closer to your money goals in your 20s

Author Ayn Rand said, "Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver." Steer your way to investment options that match your goals for 2018.

 
 
 
 
 
 

4 savings options to ensure your child gets the education they need

Investing for your children’s education is looking more and more like a necessity. By empowering the youth of today with a good education, you’re helping to set them up for a future full of opportunities.

 
 
 
 
 
 

6 investment questions you are too embarrassed to ask

Everyone has some simple finance questions that they’re a bit embarrassed to ask their peers around a braai. If you could do with clearer details on investment basics, this will help you out!

 
 
 
 
 
 

Retirement and tax – what you need to know: Part 2

Navigating tax implications before and during retirement can be tricky. In Part 2 of our series on the topic, we consider more tax-related factors that might affect your financial decision-making.

 
 
 
 
 
 

Retirement and tax – what you need to know: Part 1

Tax laws have likely changed a lot since your youth and adulthood, and these changes can affect your retirement savings. While you need to consider the impact of tax when planning your retirement savings strategy, it shouldn’t be your primary concern. Here’s Part 1 of a handy guide.

 
 
 
 
 
 

Equipping small businesses is key to SA’s long-term success

Small and medium enterprises (SMEs) provide employment to 60% of SA’s labour force, but their rate of success is alarmingly low. Discovery Insure’s new business insurance offering aims to address that.

 
 
 
 
 
 

Questions that can keep your investment portfolio performing

Although any decision about how to invest your money is important, the analysis shouldn’t stop once your money is invested. Here are some important questions to ask to ensure your portfolio keeps performing.

 
 
 
 
 
 

What's your financial personality? Find out here

Aggressive, cautious, or somewhere in between? Understanding your investment personality can help you make better-informed investment decisions, and take ownership of them. Here’s how to find out what type you are.

 
 
 
 
 
 

How SMART goals keep you focused on financial success

Research shows that goals (especially those set as early as possible in your youth) help to drive success in various areas of life, such as your career and your health. Here’s expert advice on how setting financial goals can help your finances prosper.

 
 
 
 
 
 

Understanding your financial personality can pay dividends

Investing, like much in life, is a skill. Mastering it, however, is not as simple as sticking to theory. This Youth Month, find out how your financial personality influences your financial decision-making.

 
 
 
 
 
 

Boosting your retirement savings through shared-value life cover

Life cover that allows you to get a substantial portion of your premiums back by encouraging and helping you to get healthy and stay healthy lets you benefit while you are still alive. Here is how Benna Koorsten boosted his retirement savings by R2.7 million.

 
 
 
 
 
 

12 ways your kids can earn Vitality points

It's Youth Month and time to get your kids on their feet! From health checks to parkruns – there are loads of ways for kids to be active, stay healthy and do their bit in getting your family to Gold Vitality status this year.

 
 
 
 
 
 

Discovery launches Business Insurance

On 15 May 2018, Discovery announced the launch of Discovery Business Insurance - a new type of shared value insurance focused on building better and “healthier” businesses.

 
 
 
 
 
 

Can you afford to give your child an education?

While every South African child has a constitutional right to a basic education, there are still many challenges that prevent equal access for all, especially in tertiary and higher education. Nearly a quarter of learners leave school early or don’t attend a tertiary institution because they just don’t have the money to study.

 
 
 
 
 
 

Now is the time to recheck your estate

In light of the 2018 Budget Speech, which proposed to increase tax duty from 20% to 25% on the excess duty of estates worth R30-million and more, people need to ask fundamental questions about the legacy they will leave behind.

 
 
 
 
 
 

15 terms to help you understand life insurance

Has a life insurance contract ever left you with more questions than answers? Make sense of the jargon with this handy guide to common insurance terms.

 
 
 
 
 
 

The water crisis is everyone's crisis. Join us in making a difference

The responsibility to treat water as a precious natural resource is on all of us. Discovery is acting to create more natural water sources, to donate water and to prevent illness in water-scarce areas. Here's how you can be part of these efforts.

 
 
 
 
 
 

12 ways to stay ahead of card fraud

Being mindful of card fraud and extra cautious – especially when travelling - can save you thousands in money and time. Here are a few simple steps to help prevent fraud.

 
 
 
 
 
 

Mind your money! How an effective budget can turn your household around

Financial responsibility starts in the home. See for yourself how having a budget can make you dramatically more mindful of your everyday expenses.

 
 
 
 
 
 

How will the increase in VAT be implemented across Discovery?

On 21 February 2018, Finance Minister Malusi Gigaba announced a one percentage point increase in value-added tax (VAT) from 14% to 15%, effective from 1 April 2018.

 
 
 
 
 
 

4 trends that can affect how you fund your child's education

Want to keep your kids ahead of the curve? Here are four modern trends that might affect your ability to provide your kids with a good education, and why you should take steps to counter them.

 
 
 
 
 
 

Top-grade education secured for my daughter

Arie Roos’s leg was severed below the knee after a traumatic 2005 motorbike accident. Here is his story about how having the Discovery Life Global Education Protector benefit ensured his daughter’s private school education.

 
 
 
 
 
 

Kids' education secure despite dad’s Parkinson's

For Gavin and Colleen Clackworthy, of Vredehoek, Cape Town, a quality education for their children is a non-negotiable. So, they set about putting their beliefs into action. Read their story here.

 
 
 
 
 
 

Planning pays off for Pretoria couple

When Zybrand Lombaard set up a private business, he and his wife sat down with their long-time broker in late 2007 to adjust and expand their Discovery policies. When Zybrand’s business kicked off in mid-2008, they had one less thing to worry about.

 
 
 
 
 
 

The tax implications of 3 popular investment vehicles

One of the first questions any savings-savvy investor asks a financial adviser is: "What's the most tax-efficient choice for my investment?" In this article, we take a look at a few investment vehicles and highlight the tax implications of each investment.

 
 
 
 
 
 

4 ways a retirement annuity can save you thousands in tax

Want to learn how to calculate your retirement annuity tax relief? Read on to find out, as well as four ways in which retirement annuities can help you save for your family's future.

 
 
 
 
 
 

Taking care of business when a loved one passes away

Planning a funeral could see seen as a way to celebrate the life of the person who's passed on, but it can also add strain to an already emotional and stressful time. Here are some guidelines on what to do when a loved one passes.

 
 
 
 
 
 

Make your experience and time work for you

Work is a reason to get up. You earn a regular income and meet people. It does not have to change. Your experience, hobbies and interests can generate extra income while you keep living a full life.

 
 
 
 
 
 

How to spoil your Valentine without burning a hole in your pocket

Win the heart of your Valentine without emptying your pocket. Here are a few ways to spoil a loved one or win the heart of someone you fancy.

 
 
 
 
 
 

Discovery Life helped to make the De Moura family both healthier and wealthier

Manny de Moura's Discovery Life and Vitality integrated benefits make great financial sense.

 
 
 
 
 
 

Be network-savvy to avoid unexpected healthcare costs

No one likes unexpected costs and extra admin if they can help it, so it makes sense to take advantage of healthcare networks whenever you can. By tapping into network arrangements, you can cut down on unexpected co-payments. Here’s how.

 
 
 
 
 
 

Protect your future with smart insurance designed for young professionals

If you are (or know of) a young professional, here's how a small saving - even as little as R100 a month - can have big and beneficial results when you actively manage your risk factors.

 
 
 
 
 
 

Give the gift of good money sense this Christmas

It's Christmas time, but if the thought of gift-shopping leaves you at a loss, try some of these great ideas to make this year's gifts memorable, helpful and long-lasting.

 
 
 
 
 
 

Are you financially prepared for living longer?

We have all heard "50 is the new 40". It may be truer than you think. The world over people are living longer. Although longevity is a positive, financial behaviour combined with other knock-on effects of a longer life have to be considered.

 
 
 
 
 
 

Discovery Card Miles millionaire's win boosts his dream home build

Bloemfontein architectural designer and DIY enthusiast Etienne Labuschagne, 45, cannot wait for 2018 when he will start his newest building project - his own home. Even more so now that he’s just won the cash equivalent of R100 000 in Discovery Miles.

 
 
 
 
 
 

Using one million Discovery Miles to get quality partner products

For Fred Thom, a global product verification specialist based in Sandton, a new laptop and a birthday present for his daughter, Belle-Mari, when she turns 13, are top priorities for his one million Discovery Miles win.

 
 
 
 
 
 

Sports-mad Discovery Card Miles Millionaire uses Vitality benefits to the full

Natalie Fourie, a 47-year-old entrepreneur, gets 10x the usual Discovery Miles whenever she swipes her Discovery credit card at an accredited outlet. But winning a million Discovery Miles wasn’t exactly on her radar.

 
 
 
 
 
 

Dancing for joy – Discovery Card Miles Millionaire Vivienne Pivo

For Vivienne Pivo, 70, who recently joined an adult ballet class and loves writing children's educational stories, the delight of winning a million Discovery Miles with Discovery Card and BP in September 2017, brought back a winning memory from her childhood.

 
 
 
 
 
 

More partners and more rewards with Discovery Card this November

There is nothing better than finding a good deal. And, with the festive season around the corner, we're excited to share the good news that we've added more partner stores to the Discovery Miles Multiplier Network. So, now you have even more opportunities to earn and spend Discovery Miles!

 
 
 
 
 
 

Should we count waistlines as a monthly expense?

Discovery Vitality data shows that being obese increases healthcare costs by as much as R4 400 per person per year! Here’s a look at some economic implications of obesity.

 
 
 
 
 
 

Investing in a low growth environment

When the economy is showing low growth, as it is currently, investors are likely to see lower investment returns from asset classes such as equity and property. Read what the experts have to say about investing in a low growth environment.

 
 
 
 
 
 

The best ways to achieve diversification within a portfolio

While each person will have their own risk profile and financial needs, there is one factor that is commonly required for a successful investment strategy: diversification. Read more about the different ways to achieve diversification within your portfolio.

 
 
 
 
 
 

Spring cleaning? Refresh your credit card know-how too!

Welcome Spring! We're all celebrating a season of renewal and, as warmer days return, we're dusting off the cobwebs and sprucing up our homes. The 'New You' will also make time to check in on your financial fitness - and particularly refreshing your understanding of how to make your credit card work for you.

 
 
 
 
 
 

Improved corporate governance could turn our trajectory around

There is still a glimmer of hope that South Africa could turn around the negative credit ratings it received from the three major global credit rating agencies earlier this year.

 
 
 
 
 
 

Vitality cash back puts Thathane family on a health high

Health and fitness is priority in the Thathane household. And, their healthy choices are not only rewarding them with energy and longevity, they're also earning significant cash back every month with Discovery Vitality.

 
 
 
 
 
 

How to save during a recession

On the back of National Savings Month in South Africa, a recent report from the World Economic Forum (WEF) highlights the startling gaps between financial needs in retirement and what consumers are actually saving.

 
 
 
 
 
 

The psychology of saving

South Africans are well used to hearing that they don’t have a great savings culture. The good news is that there has been a slight uptick in South Africans' savings habits.

 
 
 
 
 
 

Improve your financial IQ

The thrill of earning your first salary is huge. But not everyone manages to get their money to cover their expenses and to provide for a rainy day. Two things are really important here – becoming financially literate, and making and sticking to a budget.

 
 
 
 
 
 

What every new investor should know

Saving and investing are crucial to ensuring a secure future for yourself. Right from the day you get your first salary cheque, the biggest favour you can do yourself is to start saving and investing. The earlier the better.

 
 
 
 
 
 

Think you are too young to start investing? Wrong!

Many people miss out on the benefit of investing their earnings early. What can 20-somethings learn from Actuarial Analyst Christopher Smith, whose money mindset and investment strategy are paying off?

 
 
 
 
 
 

Do you know your credit behaviour patterns?

If you're thinking about borrowing money for a big life purchase like a new home, a car or an overseas family holiday, it's important to know your credit score. Why? Because knowing where you are on the scale can have a huge effect on the interest rates you'll be offered.

 
 
 
 
 
 

Make the most of that paycheck! Getting through the recession

It's official - we're in our first recession since 2009. See it through with these tips to better manage your money.

 
 
 
 
 
 

Staying financially fit for a lifetime

A retirement savings strategy isn't static - it needs to adapt as you move through different life stages. In other words, a 25-year old will approach retirement investment differently to someone who is 55.

 
 
 
 
 
 

North or south? Which way do you stand on the issue?

When looking at houses to buy, an important point to consider is which way the house faces.

 
 
 
 
 
 

Handy hints to keep costs down this winter

With the recent pressure on our country's economy, it would be prudent to look into ways to save yourself money wherever you can.

 
 
 
 
 
 

Don't simply have insurance, have good insurance

As suspects fled from police, their vehicle crashed multiple times. Caught in this mid-morning chase between cops and robbers was Gavin Goodwin

 
 
 
 
 
 

4 easy ways to claim with insure

Need to submit a claim and it is stressing you out? You can rest assured that it's easy to claim from us. You can choose from any of four ways, depending on what suits you better.

 
 
 
 
 
 

8 tips to enjoy more heat at home for less this winter

As winter tightens its icy grip on us, we're all looking for ways to stay warm. Here are a few helpful ways to keep your home cosy and warm this winter, while keeping your costs down.

 
 
 
 
 
 

Get even more rewards with the Excess Funder Account

You could be getting up to 50% back in fuel rewards for filling up at BP or Shell, or for taking the Gautrain. Now you can choose to double fuel rewards and have them paid into an Excess Funder Account.

 
 
 
 
 
 

The rands of time

If you’re lucky enough to get a bonus this year, you could blow it on nice-to-haves – like a new mountain bike. But if you’re smart, you’ll use it to build your wealth

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