The power of Worth financial education
Do you want to master your finances in 2023? Start by improving your knowledge and skills with Discovery Bank's financial tools and a Worth financial education course on your banking app... available at a discounted rate for Discovery Bank clients.
Think about your financial situation right now. Could it be better? What would you like to change? Do you have the knowledge and skills to manage your money well and improve your finances?
Did you know? You can change your finances by taking control of 5 habits:
- Having enough savings
- Paying off short-term debt
- Having the right type of insurance
- Being on track for retirement
Knowing how to manage your money is a critical life skill, which is why we give you access to financial education and tools to help you become financially stronger.
Through Vitality Money, we put the power to develop good financial habits in your hands with easy-to-use tools on your banking app like the Vitality Money Financial Analyser, the Retirement Calculator and the Risk Capacity Assessment.
We also give you access to Worth financial education courses at greatly reduced prices.
Take control of your money in 60 days or less
Imagine yourself after completing a Worth financial education course: empowered, secure and ready for anything. That's what Worth can do for you.
They offer powerful and informative online courses that teach you how to take control of your finances, manage your money better and beat the system.
Each course is valued at R4,999, but Discovery Bank clients pay only R399 through the banking app.
So, if you want to learn and empower yourself to take control of your cash flow, get out of debt and achieve financial freedom, log in to your app and:
- Go to Vitality Money and tap on your Vitality Money status.
- Tap Money CoachingTM and Videos.
- Select Worth Financial Education.
- Tick the box to accept the Terms and Conditions.
- Tap Next.
- Select which account to debit the amount from and tap Next.
- Make sure that the details are correct and tap Pay.
Why choose Worth? Because it works
"Our research shows that only 29% of South Africans have a household budget that works for them and 57% of people are spending more than they earn every month," says Hayley Parry, Head of Education at Worth. "Scarily, although unsurprisingly, only 20% of them feel that they have the knowledge and money management skills to improve their financial situation."
"The good news is that we see change happen, and quickly, with the introduction of proactive, independent, self-directed financial education initiatives like the one Discovery Bank has partnered with us to provide to their clients," she adds.
"For example, after completing a course, we see that figure of 57% of people running out of money before their next pay day drops to just 14% within three months. We're also thrilled that we can bridge the gap in money management skills and confidence from 20% to 99% within three months."
Before and after Worth
In 2022, a survey of 259 participants showed a significant shift in their financial knowledge, confidence and behaviour after completing a Worth course.
| Before | After | |
|---|---|---|
| Knowledge on how to improve financial situation | 20% | 99% |
| Feel confident about how to invest and build wealth | 26% | 93% |
Here's what some of the Worth graduates had to say:
"I used to think debt was just a part of life, but the snowball effect to paying off debt has made me excited to become debt free. I now know how long it will take and I'm confident I'll remain on track as I have emergency funds available."
"This course has given me more confidence about my relationship with money and taught me to respect money and not be afraid of it. I'd certainly recommend this course. Thank you for making it easy to understand and learn!"
"This course has taught me to think differently which helps me feel more secure. And it felt like it is more practical with implementable steps. And seems to be helping me get results."
"Worth has changed my whole perspective of how wealth is built and the simplicity of it. I've noticed significant positive changes with my finances and this course has forever changed the way I view money."
"Wow, wow, wow! The everyday knowledge I gained from this course is exemplary. I recommend this course to anyone, financially fit or not, to empower themselves and to take control of their financial future."
"The Worth financial course has changed the way I think about money. I now realise the importance of paying yourself first, the simple and easy methods to snowball your debt, and how to protect my money from myself."
Ready to add your name to these success stories? Sign up for a Worth Money CoachingTM course for only R399 on our banking app today.
It's the Future of Banking. Now.
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 are more valuable than cash on the Discovery and Discovery Bank app, in-store and online with Discovery Vitality partners.
Travel is more affordable than ever with Vitality Travel
Get between 10% and 75% off flights when you book your local or international flights with Vitality Travel. Then, get up to 25% off accommodation from our partners across South Africa including hotels, B&Bs, luxury resorts, thrilling game lodges and more, for all Vitality Health members and qualifying Discovery Bank clients. Enjoy 15% off your next trip when you book exclusive holiday packages. Plus, save up to 25% on car hire.
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