How to save R2,000 a month without compromising your lifestyle

If the thought of forfeiting all your surplus cash every month sounds miserly, here’s how to maintain those lifestyle treats while also being financially responsible.

We all know that we probably should be saving more for rainy days and retirement and all those things that seem far away, and we may even really want to save – but sometimes it seems there’s just not enough left at the end of the month to invest.

The fact is, most of us can afford to save more each month: we just feel life isn’t quite worth living without our favourite takeaway coffee to start our work week, or a weekend getaway every now and then. By taking full advantage of the Discovery Vitality programme, you can have your cake and eat it too (and when we say cake, we mean your expresso or smoothie).

Why opting for Vitality is worthwhile in the short and long term

The pros of this strategy are multiple: not only do you save with sizeable discounts (so those are upfront savings), but you can also invest your Vitality cash-back amounts and what you would have spent on lifestyle purchases in a tax-free savings or investment account and leave it there to accumulate.

Plus, by enrolling in a health programme that works, you’re investing in your health and wellbeing – which means reducing your risk of contracting preventable chronic lifestyle diseases and facing all the associated healthcare costs.   

A single member would pay R239 per month for Vitality membership. Here’s an example of how this member could save more than R2,000 a month by making use of just a handful of the programme’s benefits:

OK, so you’ve saved some cash with Vitality. Now what?

Of course, all these tips to save money with Vitality are pointless if you just go and splurge your cash on something else. To make your money work for you, calculate how much less you could pay per month for taking advantage of all your Vitality benefits, add that amount to the cash-back you earn, and then invest that total.

The beauty of compound interest is that every rand you earn, if it is invested as soon as possible, has extraordinary potential to grow over time, with no extra effort on your part.

Here’s how to multiply the hundreds you can save with Vitality each month to thousands and more.

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

This article was paid for by Discovery Vitality.