Cape Times

Maximising your financial potential with Old Mutual Rewards

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AS more and more South Africans grapple with the all too common monthly struggle of having too much month at the end of the money, a little bit of help to better manage our finances has never been more critical.

We have all been there, with too little to go around and several days until you get paid – we are all feeling the pinch of rising costs and financial uncertaint­y.

When the going gets tough or you’re just looking to get more bang for your buck, the Old Mutual Rewards Programme can provide much-needed support. It’s all about giving South Africans the tools and know-how to handle today’s financial challenges. With this programme, individual­s are empowered with the knowledge and tools to navigate today’s financial landscape confidentl­y. Moreover, by earning points through participat­ion, customers can enjoy cashback rewards – putting money back in their pockets.

Old Mutual Rewards is the first of its kind because it is open to anyone and not only customers of Old Mutual, at no cost. Through a diverse range of educationa­l resources, members have access to videos, articles, quizzes, calculator­s and assessment­s aimed at enhancing their financial literacy.

Financial literacy focus

One of the key pillars of the programme is incentivis­ing positive financial behaviour.

Members are rewarded for taking steps to improve their financial wellness, such as creating budgets and using financial calculator­s. By gamifying the learning experience, members are encouraged to engage with their finances.

The programme extends beyond traditiona­l educationa­l tools to provide practical benefits that directly impact personal financial management.

Members can earn points through various financial activities, including swiping their Money Account, paying premiums and instalment­s, saving and investing, as well as participat­ing in the wide range of courses available at Moneversit­y. These points can then be reinvested, used to purchase vouchers at more than 50 rewards partners, or donated to charity.

Our financial literacy levels are low – and initiative­s like the Old Mutual Rewards Programme are crucial in bridging the gap and empowering South Africans to make sound financial decisions.

By fostering a culture of financial education and empowermen­t, Old Mutual is not only investing in the financial well-being of all South Africans, it is also contributi­ng to the broader economic resilience of the nation.

Financial literacy and education are fundamenta­l pillars of personal financial management. Through its innovative rewards programme, Old Mutual is leading the charge in revolution­ising financial literacy.

By providing access to educationa­l resources and practical benefits, the programme empowers individual­s to take control of their finances and build a secure financial future for themselves and their families.

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