Need to know
- Andile Jonas, Head of Marketing at Momentum Savings, explains why financial advice is key to maximising your long-term savings.
- Learn how a financial adviser can help you build, review and optimise a savings plan aligned to your financial goals.
- Discover why regular financial check-ups can help keep your savings on track for the future.
Many of us make time to look after our physical health. We go for check-ups, seek professional advice when something doesn't feel right, and follow a treatment plan to stay healthy.
Yet when it comes to our finances, we take the opposite approach. We delay reviewing our savings, postpone conversations about retirement and hope that everything will somehow work itself out.
The reality is that building long-term financial wellbeing requires the same proactive commitment as maintaining good health. It starts with regularly checking in on progress and working with someone who can help you make informed decisions.
A financial adviser can become that trusted partner.
Why financial advice is essential for long-term savings
Probably one of the first questions we ask a doctor is how long a problem will endure. We crave certainty.
In the same way, we should know what we're in for regarding our money today, tomorrow and for retirement.
The latest Momentum Financial Advice Research Report indicates that almost 70% of South African households who make use of a professional financial adviser earn more than R 15 000 per month, yet only 9% (1.8 million out of 20 million) of households make use of professional financial advice.
Regular check-ins with a financial adviser can help you understand whether you're saving enough, whether you're on track to reach your goals and whether your financial plan still reflects your life today.
The earlier you start looking at your financial wellbeing, the more opportunity you have to improve it over time. Just as "tomorrow" isn't a good strategy for our health, it isn't a good strategy for healthy finances either.
How can a financial adviser help you start and optimise your savings plan?
Working with a financial adviser isn't about being judged. It's about understanding your finances, identifying opportunities to save more and creating a plan that keeps you on track to reach your goals. Here's how.
How to get the most value from your financial adviser
Like any good relationship, getting the most value from your financial adviser starts with an open conversation.
You can even suggest a first discussion where you make no decisions but simply understand your options and think things over afterwards. We know that a second opinion is never a bad idea.
When you do decide to act, have an honest discussion about what you can afford now and what may need to wait. Your savings plan should work for your circumstances today while helping you build towards your future goals.
The strongest financial plans aren't built in a single meeting. They grow through regular conversations, reviews and adjustments as your life changes.
Your financial future starts with a plan backed by financial advice
Long-term commitment gives you a sporting chance of achieving the future you hope for. None of us can predict exactly what life has in store, but we can prepare for it.
What we all crave is certainty, and we owe it to ourselves to take our long-term financial health as seriously as we take our physical health.
By reviewing your finances regularly and working with a financial adviser who understands your goals, you can build a financial plan that evolves with you and helps maximise your savings over time.
This blog was adapted from an article seen on Cover Magazine.
Get advice
Just as regular health checks with your doctor help keep you well, partnering with a financial adviser can help keep your savings goals on track. Start your journey with Momentum Savings and speak to a financial adviser about a savings plan for retirement, education and other long-term goals.
About the author
Andile Jonas
Head of Marketing at Momentum Savings
Andile Jonas heads up marketing and brand repositioning for Momentum Savings, Momentum’s long-term savings business. With more than 15 years’ experience across insurance, banking and investments, he has driven a shift toward a client-centred, digitally enabled brand narrative.
Andile is passionate about simplifying complexity, promoting conscious saving and supporting the critical role financial advisers play in shaping better financial outcomes for South Africans.
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