Multiply is the wellness programme incentivising and rewarding wellness offered to Momentum’s clients that gives members discounts on products and services from a multitude of well-known brands. Multiply is the only loyalty programme that offers the greatest incentive to its members for taking control of, and responsibility for, their physical and financial wellbeing.
Members earn Multiply points for using Multiply’s partners and financial wellness tools. The more points members earn, the higher their Multiply status, the greater the savings they can enjoy.
The status levels are:
- Bronze: 0 points
- Silver: 25 000 points for an individual, and 50 000 points for a family
- Gold: 45 000 points for an individual, and 85 000 points for a family
- Platinum: 60 000 points for an individual, and 110 000 points for a family
- Private Club: 75 000 points for an individual, and 130 000 points for a family (you need to have been a Multiply member for at least two years
I signed up to Momentum’s website and did my online financial wellness assessment! With my score, I identified ways I could reduce my spend and see what other people are spending. Check out my score and info here
Giveaway Time!
You can win a R2500 Dis-Chem Voucher for taking 5 – 10 minutes to register on Momentum’s website and to do the online financial wellness assessment like I did! It really is that quick!
The steps are as follows:
- Register on the site: https://www.momentum.co.za/for/you/my-momentum/register
- Click on this link to get Financial Wellness Score: https://www.momentum.co.za/connected/you/my-financial-wellness/MyScore
- Click on the “My Score” tab, and select a category that you would like assessed.
- Once you have completed the assessment, the tool will produce a report for you, highlighting the areas of your financial wellbeing that need attention.
- Post your score by leaving a comment below and what you learned about your own financial wellness at the bottom of this blog post for a chance to win the R2500 voucher from Dis-Chem.
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14 comments
77%
Score is 63%
I need to take cognisance of my health, exercise regularly and manage my stress levels
85%
I’ve learned the following: This is a good score. Your lifestyle may not be at high risk but anything under a perfect score means you are still exposed to a level of risk. You should try to improve so that you can maintain your lifestyle in case an unexpected event occurs. You should look at how you can improve your individual scores according to the priority set below.
79% : I’ve learned the following: This is a good score. Your lifestyle may not be at high risk but anything under a perfect score means you are still exposed to a level of risk. You should try to improve so that you can maintain your lifestyle in case an unexpected event occurs. You should look at how you can improve your individual scores according to the priority set below.
My score is 73% – I discovered that I definitely have some action items to attend to!
60% I am quite young but newly married and my financial concerns were usually my own. The assessment definitely opened my eyes and gave me a sense of panic ito my spending habits. I dont have unnecessary debt but I dont really have in case of emergency savings either. I am definitely restructuring my finances especially since we are expecting our first child. Very useful tool.
I did Life Cover and got a score of 65% and its taught me I need to make extra provision for my family for once I am not there. Thanks I think this is something you know must be done but never get around to thinking hard about it
78%.
Draw up a will professionally with a financial adviser.
Note how you would like to distribute your estate on your death in the will.
Note the details of the charity you wish to leave money to in the will.
Draw up a will with a financial adviser and provide a name of a guardian for your child(ren) were they to be left without a parent.
Insure your home contents.
Increase the percentage of income covered by your disability benefit, possibly through adding a lump sum benefit policy if needed.
i did all of the test but will give my score for Financial Savvy which was 76percent
92% we lost out on not having income protection on Hubby, but he does not really earn an income as work is so scarce. If he gets work in that is pudding money. We are well covered
My score was 57% although I know where we need to make improvements and what we need to do to become more financially secure.
My score was 60 %. I’ve learnt that I need to have a will and also enough life cover to cover my current life style
My score was 60 %. I’ve learnt that I need to have a will and also enough life cover to cover my current life style