Even as kids, we were given piggybanks and saving boxes, but not everyone picked it as a habit growing up. 😔I didn't.
But now we are in 2025; don't tell me you want to continue like that. No financial plan? Ahhh! That's not so mindful, eh?
While there are many sayings about having a source of income before saving, I believe you can save your candy money. If you have 10k, you can save 20%, which is 2k. Split your funds or income, as the case may be, into 50% for needs, 30% for wants, and 20% for savings. On some days when you get gift funds, you can also save.
Leaving money in your account without spending or saving all your money is not saving. That is saving wrongly.
Saving is essential to achieving financial stability and security. However, it can be challenging because of the temptation to spend and the uncertainty of the future. Saving is an intentional act, and this is where Cowrywise comes in.
Cowrywise is a financial company that provides a secure, user-friendly platform for people to save, invest, and grow their wealth over time.
Why should you use it?
It offers high-yield interest rates, which allows for quick wealth gain.
It has a user-friendly interface that will enable you to manage your savings and investments quickly and conveniently.
You have access to financial resources, which helps you make informed choices on your money.
You can diversify your portfolio by saving and investing in naira and dollars.
Ready to start saving on Cowrywise?
Visit the website or download the Cowrywise app on the Google Play Store or Apple App Store to sign up for an account.
Verify your account by providing the necessary documentation and information.
Set your savings goal.
Regular savings entail saving and not having access to your money for some time. Minimum of 3 months, and you earn an interest rate p.a
An emergency plan is accessible and involves saving for emergency purposes. The goal depends on your income or personal funds. It is a long-term savings plan.
A saving circle entails saving with friends to achieve a set target.
I highly advise an emergency plan and any other plan.
Set your savings goal by specifying the amount you want to save and the frequency at which you want to save.
To maximize your savings on Cowrywise,
Set realistic goals: Set realistic goals that align with your objectives.
Automate your savings: It helps you save consistently
Don't withdraw from your emergency plan unnecessarily.
Monitor your savings and adjust your strategy if need be.
Common mistakes;
the name on your BVN must tally with the name on your linked account.
the account generated when you want to fund a savings plan is a one-time account and should not be saved to your beneficiary.
Don’t expect unrealistic interest rates.
Withdrawals take 24 hours to process for the security of your money.
If you have been stalling, this is your sign to get on your Zoom. Cowrywise makes it easy, convenient and rewarding.
Ready to start?
Click the link below to get started on your savings goal.
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