Money Chronicles showcases the honest money experiences of everyday people who use Cowrywise. We share a story on the 17th of every month. This month, the spotlight is on Gloria. She shares why she chose Cowrywise over a thrift contribution (Ajo) and a simple but effective trick to help you say “no” to numerous money requests. 😉 You’ll find it to be both fun and educative.
Hi Hi! Please share your name with us
My name is Gloria Iyokpesomi Onemegba
When did you start using Cowrywise and what makes you continue to use the app?
Mmmh, I started using Cowrywise since like…I think a little over a year now. Initially, I wasn’t so committed. In fact, after my initial deposit, I’m not sure I even topped up again until recently when I decided to be more disciplined. I took that decision when my cousin advised me to join their ajò (thrift contribution). I asked her what the benefits are and she explained that it just teaches you to be disciplined with your savings. No interest and there is a possibility of collecting your money in piece-meal after so much dragging, because someone will most likely default.
Right there, I realised that Cowrywise was a better option for me. I chose Cowrywise because it helps me save consistently with automated plans, plus I get interests on all my plans. I don’t have to worry about getting my money when it matures; the swift way the money lands in your account when you make withdrawals ehn, feels really good! I hate stress and Cowrywise suits me just fine.
What major financial lessons have you learnt so far?
I’ve learnt some great financial lessons recently, the major one for me will be… spend from what’s left after saving and not the other way round. Because wahala be like bicycle, e nor dey finish 😁 plus after saving, you can plan with what is left.
Any advice for someone trying to get serious with their savings?
My advice for anyone that wants to start saving for the first time is, set a target and automate your savings. That’s all the magic you need. Thank me later.
What is your best Cowrywise feature?
My best feature will be the fact that I can’t move my maturity date earlier than the initial date, I can only extend it after maturity. It feels like with Cowrywise you must be disciplined with your savings. 😄
Any advice for someone who struggles to say “no” when numerous people want to borrow money?
My advice to people like me who struggle with saying no when people ask is simple, lock up your savings, you can’t give what you don’t have. It works like magic. So you’ll say no with all sincerity because you actually don’t have. 😉
Have you ever lent someone money and they did not pay back? What did you do?
Oh yes, a lot of times and they ended in premium tears, till this day I still haven’t been able to collect my money back. In fact, I have let go, it’s now bad debt. Lessons learnt, never lend out money you know you can’t forgo. Else you go get BP o 😆
What did you spend on during valentines?
Since I’ve been born I’ve spent nothing on Valentine’s day 🤣🤣🤣 I hope to start soon though 😉
What do you spend most of your money on monthly?
What I spend most of my money on…🤔 I’m actually an impulsive spender so I make sure I don’t carry much cash around and there’s never so much in my operational account. So right now I would say I spend more on airtime and t-fare.
You’re with friends talking about personal finance, what will you say to them?
I would say, “the place to start with your personal finance is to plan your savings and plan your expenses. If you can be disciplined enough to stick to your budget and meet your target, then you’re on your way to becoming financially independent.
What’s that one thing you never mind spending a lot of money on and why?
The one thing I don’t mind spending my money on would be shoes. I love shoes.
Are you someone’s ATM and is someone your ATM?
I’m no one’s ATM and no one is my ATM😄
What would you tell someone who’s considering using Cowrywise?
I chose Cowrywise and you should too! Go ahead and use it. You’ll be glad you made that decision. 👏🏽
Do you also want to begin a plan that’s secure and get returns for staying disciplined with your savings returns? Start here.
Quick question for Gloria. She said “she has never spent money on Vals day.” Has she received gifts on Vals day? E get why
Good evening everyone Cowrywise is holding my 5 million and they re bringing excuse of some error which I remember customer both goods from me and I have to generate account number for him to send it and now I have been keeping all this money which today is the actual date for withdrawal and you guys refused to give me my money telling me error how does that have to do with the money I have been saving today I want to Make a payment for goods and I was frustrated and down after I have put my money in stash you guys should release my money for
I Love Cowrywise, it’s a plenty goodies all in one app. I have introduced it to almost all my colleagues and hubby. It’s realiable, easy and disciplined.
Now I feel like a celeb LOL..
You are a celeb!
Thank you, Uche.
Hope you’re using your referral code so you can always get your coins!👏🏽
I just started using cowrywise this year and i love it already. Plus y’all have premium content 🙌👏
Welcome on board ✈️
Really premium content o!
How has your experience of using Cowrywise to save been so far, Bolanle?
I’m just curious. 🤔
Using Cowrywise was one of my best 2020 decisions…My regret is asking myself why I didn’t start earlier.
There’s actually no polite way of saying ‘NO’.
It might sound polite to you but you can’t really tell how the other party takes it
You can’t always plan or predict outcomes.
However, at least, you get to learn how to say “No” politely and guilt-free too.
I just started using cowrywise and I’m loving it cause it offers so much in one place. It does promote discipline and challenges you.
Awesome! Thank you, Imeh and welcome to Cowrywise.👏🏽
I just started using it hope I did enjoy it better and most
You will. 😊
Am bright please I want to use it but why can I call for more info?
This is my number 07064955759 thanks
I choose daily for the savings
Now my question is wat if there is no money in my acct for lik a week and i later hv money week follow are they removing #500 or #500× calculated week
Hi Obatayo, in this case, only 500 NGN would be deducted, and for the following days too. You’d need to manually top-up for the days missed.
So, what I have been doing since I discovered your mails and this blog two weeks ago has been to read all the stories of people saving on your platform.
All I see is diverse stories of people with diverse needs which led them to save with your app.
Last weekend, Yami was at my church and her explanation convinced me to take the action of downloading the app and saving right there and then…Today, I took it a step further by investing through your mutual fund platform.
I sincerely I’m loving the experience… By the way, I will download and start watching the Smart woman series from today.
You’re doing well, Ope. 👍🏾
I started using Cowrywis in October this year, and am beginning to love it, reason is that when I discovered that Lagos state BRT Buses are using it.
I love cowrywise tbh. I have an account and haven’t credited it since I opened an account cos I’m on a saving plan with one of their competitor when I bumped into cowrywise. I’ll definitely use the both platforms next year when I eventually start my tailoring business full time.
The idea of locking your funds appeal so much to me, I can go as far as opening my locked account to show you that I don’t have access to my funds and hence, I can’t borrow any money out. It has helped me a lot. They call me stingy and it seems I’m beginning to enjoy the alias now 😂
Can someone out of Nigeria use Cowrywise?
I just downloaded d
The app when I saw the advert on YouTube,my question now is that how is the interest calculated on cowrywise?
Wow! This is Motivating, I started using Cowrywise Last year and I intend to be discipline with my savings this year.
It helps in saving and investing kudos to cowrywise
I’ve been using Cowrywise since 2018. One of the best decisions I’ve ever made. I enjoyed reading this Ope. 🤭🤭🤭