Smart budgeting solutions straight from your banking app

Research shows that 50% of people underestimate their expenses, and least 65% don't know how much they spent the previous month. Does this sound like you?

We don't blame you! Despite good intentions to get a handle on your finances, it can be difficult to maintain a budget for long. Now, you can free up your brain space by letting Discovery Bank's brilliant banking app keep track of your spending for you!

Say goodbye to spreadsheets and third-party apps

...And say hello to the Vitality Money Financial Analyser - an AI-enabled smart budgeting tool Discovery Bank clients can access for free on their banking app. Why does it outrival the rest? Because it doesn't just capture and track data, it's cleverly custom-designed to help you budget better and send you smart alerts when you approach your customised spend limits.

By combining advanced technology, behavioural economics and superior UX design, this smart budgeting tool helps you take control of your finances in a simple, seamless and sustainable way.

Get more bang for your budget

With the Vitality Money Financial Analyser, you can:

• Get a simple, real-time view of your finances, including your income, expenses, savings and budget.
• Have transactions automatically categorised for you (thank you, AI!), for example whether it's groceries, eating out or entertainment.
• Track your spending and saving over time to better understand your personal money habits.
• Set a personalised budget and get smart alerts when you approach your limits.
• Create segments for special expenses, like holidays or home improvements.
• Enjoy the rewards of reaching your financial goals. To get you started, we'll even give you up to 10,000 Vitality Money points for setting and sticking to your budget!

How to use the Financial Analyser

Here are three intuitive and accessible ways your Vitality Money Financial Analyser can help you become financially healthier.

1. It track s and sorts your spending

The Financial Analyser automatically sorts your expenses into over 160 categories, so you can see where and how you spend your money each month. It also picks up on spending patterns that will help you learn from your spending and saving history.

2. Get intelligent insights on how to grow your savings

The tool then nudges you with data-driven insights and personalised alerts to help you meet your money goals. You'll see exactly how much you're saving each month and where you can make even further changes to your spending to free up more cash for saving.

3. Create a budget that suits you

Best of all, you can get an automated budget based on your spending trends, or create your own. Follow these easy steps to set up a budget on the Vitality Money Financial Analyser.

Set up your own smart budget now

Have more questions?

Visit our Info and tips page for more details. Our dedicated financial education and tools section will also tell you everything you need to know about the Vitality Money Financial Analyser. The sooner you start using this handy in-app tool - the sooner you evolve from budgeting beginner to personal-finance pro! Check it out today.

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

Discovery Miles do not constitute currency or any other medium of exchange in circulation in South Africa. Rewards are based on your engagement in Vitality programmes, Discovery products, and monthly qualifying card spend. Discovery Bank, Auth FSP. Limits, terms and conditions apply.

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