Site url:
Pagecontext: org.apache.jasper.runtime.PageContextImpl@cd84a75d
page.keywordsmomentum investo, financial literacy, personal finance, save for your personal goals, save for your child’s education, financial education, reduce debt

Invest & save

3 Easy ways to cultivate good money habits
Momentum Investo


Share this article

A young female professional thinking about her finances.

It’s never too late to adopt healthy money habits. Applying just a few can go a long way towards saving more for your goals and reducing your debt. But, staying consistent is often the hard part.

You may know the basics of money management. That is, not spending more than you have, buying value, and saving enough for the future. Hopefully, you apply the 30-day rule for big-ticket items and when spoiling yourself – do you really need it if it’ll compromise your long-term well-being? Just wait a month before you buy.

We’ve narrowed down a list of good financial habits you can start today with tips to help you stay the course.

Healthy financial habits to adopt right now:

  1. Spend some time thinking about your money.
  2. Draw up a budget.
  3. Start an emergency kitty.
  4. Draw up a financial plan.
  5. Set medium and long-term goals.
  6. Start small if you must, but start now.
  7. Then leave your investments alone.
  8. Try to avoid frivolous debt.
  9. Insure yourself against unforeseen medical, vehicle, or life surprises.
  10. Learn more about money.
  11. Give away some money too.
  12. Think of how you want to be remembered.

How to stay consistent

Tip 1: Save in a disciplined way and regularly

Having a savings or investment account with monthly, quarterly, or yearly contributions obliges you to keep up the routine. The structure fosters the habit, and the progress you’ll see confirms that the effort was worth it.

Momentum Investo products lend themselves perfectly to regular, long-term savings goals. Our loyalty bonus rewards the commitment, too.

Tip 2: However small an amount you start saving with, it is OK. Over time it’ll add up.

If you invest in Momentum funds, you can take out an Investo product from as little as R500 per month.

If you have an Investo product already, you can take out a retirement annuity for a mere R150 per month. Imagine setting your children up like that. It can even double up to teach them the importance of long-term savings and making wise money decisions.

A young couple sitting on a couch, with a laptop at home planning their finances.

Reap the rewards with an emergency kitty on steroids

How great will it be to have three months’ salary as a buffer? That can soften any financial blow. Saving 4,5% of your salary for five years in an Investo Linked Investment can ensure that you have 80% of your current income, increased with inflation, available for three months in case of a crisis. You can automatically continue your investment for as long as you want to. And exit penalties are now lower if you really can’t keep up the contributions.

Track your progress, do the sums

Ask your financial adviser to work out the future value of your retirement savings in today’s terms. It’s a reality check about your savings and how much you’ll have each month. You must think about medical inflation and, on the bright side, that your home and car may be paid off, and your insurance expenses may come down.

You’ll never regret upping your fund value by adding single contributions or investing in a second retirement annuity to supplement your retirement savings at work.

If you want to start getting savvier about spending and saving, we’re here to help you with investment options for your goals.

Get advice

Chat with a financial adviser to find out how you can build healthier financial habits on your journey to success.

Join the conversation

Get more financial inspiration to #GainMomentum.

Contact Momentum Investo


Office hours are Monday to Friday from 08:00 to 17:00. Closed on weekends and public holidays.

We and our selected partners use cookies to enhance and personalise your experience on our website.Please see our cookie policy for more information.

To enhance your user experience on our site, learn more about our supported browsers

Your browser's cookies are disabled. Enable cookies to ensure our website functions correctly. View our Privacy Notice.

Tell us more!

We're always looking for ways to improve your online experience. Please take a moment to complete the
2-minute questionnaire.