How People Plan Tomorrow: The Current Stress
Punching numbers over a desk with so many graphs littered on your screen, to help plan tomorrow, is not so much fun. Even those who get paid to do that can attest to this, as the numbers can get really jumbled up sometimes. Now, if professionals can go through such moments, one can only imagine what it would look like for an everyday person to attempt the process — a disaster!
Interestingly, not attempting the process can lead to another disaster — failure. The popular saying of failing to plan to be a plan for failure itself rings true here. But we really cannot blame anyone; who will sit to collate data on university fees today and predict what they will look like in 10, 20 or 30 years? We can be sure you are rolling your eyes already. Inasmuch as you want to know what they might look like, there is no easy way around it — or so you thought.
A Simpler Solution
At Cowrywise, we have a penchant for converting the toughest processes into their simplest possible forms. We started out by automating your savings and investing simultaneously on your behalf, but that was just the beginning.
Over the past few months, the product team has worked assiduously to help you plan for as far as 30 years with just a few clicks. It is time to bid boring excel sheets and long list figures a permanent goodbye.
After months of committed work towards the vision of democratizing access to wealth management tools, we are proud to announce the launch of the Cowrywise Financial Planner — the first of its kind in Nigeria. These tools can help answer the following questions:
- Probable university costs in the next 30 years
- Suggested savings for the university goal of your child
- How much of the goal will be covered by interests?
- How long it might take to reach your first billion
With this set of tools, there is actually no limit to the number of questions that can be answered. They were created with the hope of helping you design the life you want without any stress and from anywhere; call it financial planning on the go.
We Just Got Started: Plan Tomorrow With Ease
For a start, we are launching just two of these tools. They are the General Interest and Education Goal planners — which covers over 40 universities. Would you like to also know how much it might cost to own a home within a certain timeline? In the nearest future, we will be adding a tool that answers that, alongside other tools.
The General Interest planner requires that you enter a certain amount, frequency of savings, and timeline. The results then show you how much you will save and earn as interest over that period.
Try the General Interest Tool.
What a university will most likely cost in a number of years can be known within a minute — we are not bluffing. You would be required to select the university and the resumption date, and boom! The results come up immediately showing the cost for four years, how much you need to save and how much will be paid for by interests; yes, the interests we pay can cover a huge chunk of the fees.
Try the Education Goal Planner.
Own Your Path
The future is not certain, but with some intelligibility on what it might look like we can own the paths to our goals in a better way. Finally, these tools come at no extra cost and are open to everyone. If you do not have a Cowrywise account, you can forecast with the tools and set up plans towards your goals in five minutes — life is that easy with us.
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