
This article seeks to help you with paying your debts — and any other person who has issues with paying debts. Sadly, manna from heaven ended with the Israelites in their sojourn to the promised land. Hence, you need to be intentional if you ever want to be debt-free.
Everyone has daydreams that take them to realms that are exciting. Realms that empower them with brilliant ideas they believe can change the world in an instant; such that they are willing to spend — even if it means taking a loan — any amount to spin such ideas into reality. Some are not committed enough to act upon these ideas while some do. Sadly, a good number of the latter group end up with excruciating debts that make them regret ever taking the step to act upon their dreams.
Interestingly, some argue that all dream chasers must face challenges which include debts. Inasmuch as the proponents of these arguments have strong points to defend their stance, we don’t fully agree as some of these debts return the dreamer back to the starting point. Sometimes debts are necessary but it is key that they inspire progress.
Common Mistakes of Debtors
1. Hole up somewhere and avoid everyone.
They avoid those they owe and do not owe. This is a wrong approach as peace cannot be found by avoiding life.
We cannot find peace by avoiding life- Virginia Woolf.
This is a pure truth you must understand as someone trying to pay their debt. You have to be accessible and open to those you owe, and avoid the temptation to hole up.
2. Take up further loans with promises of interest to pay up existing debts.
This only postpones the trouble, multiplying it as it does. Also, try to avoid money that is not yours in this period as you might be tempted to use it to settle your debts.
3. Not being open.
When you are open and accessible, negotiating with your creditors is way easier. To negotiate you would need to have or be working on an assured source of income. The source might not outrightly help in paying your debts but it must be able to help you build up towards paying back your debt.

4. Jumping on any new project that appeals to them.
They become quick to commit to them financially ignoring the fact that they are in debt. To tackle this, one needs an accountability partner that he or she respects to help check such commitments.
Further, on negotiating payback plans, after getting a sustainable income source; why not start up a periodic savings plan?
Working your Way Out
With a periodic savings plan, you are committed to settling the loans on your own terms. You can inform your creditors of your progress — say monthly — such that they would be able to actually see your committed efforts to pay them back. Creditors appreciate openness and commitment.
Hey dreamer, how about you start walking out of that debt today? Start here.
Stay winning with Cowrywise!
Financial Calculator
I have been saved times without number from my 20% savings on my salary earned and this I enjoyed using cowrywise application.
I simply want to applaud the initiatives behind cowrywise, and God bless the day I downloaded this app, seamless transactions and activities, this is a one stop shop for investors and planners alike.
Oluwadamilare Akinola.
(Dee3concepts Travels)
A+ for financial literacy.
Thank you Cowrywise!
??
So happy to have you on board ?
I love saving with cowry wise. I have no regret… i have also learnt some things on their blogs concerning savings and investment
So glad to hear that, Blessing. Thanks!
Yayyy ?
I’m a student. Although there are other saving app buh i love cowrywise moreee… So straightforward
Thanks Omowunmi! ??
?
As a student who uses both PiggyVest and Cowrywise, I prefer Cowrywise because it is waaayy simpler. And has more options.
Always teaching its users something. Thank you!
Thank you, Omolola.
Among all other sites and companies, I have been investing I still choose cowrywise as the best . Because,its simple, straightforward, and attend to their customers,thanks to cowrywise we are still looking up to you,
for more development.
I love CowryWise for their regular financial education
I love cowrywise
And introduced it to my friends
Great initiative from Cowrywise
Now i would love to ask where the 10% tithe comes to play in
Well, you get to play around with the percentages when it comes to the 50-20-30 rule. I include my tithe by lowering my necessities to 40%, and also included black tax @ 9%. Just make sure all your categories add up to 100% and adjust where only necessary.
Specially want to thank OPE he’s/she’s been great! Thank you for all the financial advices!
Overall best in financial literacy
I so much love cowrywise especially because they have a plan for Muslims who do not want interest on their savings and I also love their automation
I am always happy and always look forward to when cowrywise will remove my money
Them say debit alert no dey give person joy but whenever it’s from cowrywise am always happy
Please I need your advice on how to get debt free with my income how to spend and Dave to pay up the loans
I always look forward to Ope’s email because their is always something to learn.
I invitatied one thousand I did not see the money or income
Awesome! I loved this app because any time I logged in,it gives me future assurance.
Kudos to you guys (expecially ope) your quote motivated me a lot ❤️❤️ cowrywise
I wanna know about cowrywise investment…I only know about her savings
With little responsibilities, I stay with my parents , my main expenses are usually transport and internet subscription, I’m able to save up to save up to 50% of my salary
Cowry wise is the Best
I love cowrywise and I’ll introduce anyone to it.
I wish to know more about Cowrywise investment
I wish to know more about Cowrywise investment. I have interest in investing. How can I go about it
Cowrywise is very nice ,they do great job
Wow really loved this
A very nice article thanks
Thank you for yet another insightful post??
I have no regrets since I joined cowrywise, since 4years ago, I love it and have introduced many people, God bless you all Amen
The first 200k I was able to save was because Cowrywise made it possible ????.
I love the fact that once a saving plan is set you can never break it till it’s due date.
I remember rushing down to my app to withdraw my money just for me to realize it’s a one year saving plan?? I was heartbroken at then but guess what one year later I was immensely grateful that the money was safe locked without me accessing it.
I have a lot to learn from using this app as I journey to financial freedom, I haven’t officially utilized the investment options but I will definitely give it a good try someday.
Thank you Cowrywise for this awesome opportunity ❤️?
Thanks for always educating me ❤️?
Thank you cowrywise..Thank you Ope
Thanks so much my favourite Savings adviser, Ope, this 50-20-30 plan is an eye opener. I will put into use immediately so that I can be consistent in my savings. Thanks
Lovely write-up as usual, always happy to see cowrywise content