Money Chronicles showcase the honest money experiences of everyday people who use Cowrywise. We share a story on the 17th of every month. This month’s feature shows how Damilola and her friend started saving money on Cowrywise for a trip outside the country. You and your friends can also use Cowrywise to meet your travel and lifestyle goals.
Saving money for the leisures of life can be just as important as saving money for other types of goals.
We are all fueled by different things and indulging in fun activities that matter to you can help you live a full and fulfulling life.
Cowrywise helps you to manage and grow your money so that you can do the things that revive and fuel you.?
Today, Damilola shares how she and her friend used Cowrywise to save up in order to travel to Kenya. Although Covid happened and restricted travel for most of the year, she is still thankful for a platform that allows her to plan and meet her goal to see the world with friends.
Follow our interesting interview with Damilola below.
Heyyy! What is your name and what do you do?
Hiii! My name is Adegbamigbe Damilola Adaugo, I am a Textile Merchant. Basically, I buy and sell fabrics like Ankara, Crepe, Lace and Cashmere @thefabricshopng on Instagram.
How did you find out about us and how long have you been using Cowrywise?
I found out about Cowrywise from Omotoke F @thattokelady in 2019. We were going to save for a trip to Kenya and needed a place we could keep our money without touching it, so she recommended Cowrywise.
Friends that link you up with valuable info are the real MVPs! What money habit have you incorporated that has been extremely helpful?
Creating a separate bank account for my business and personal money, as well as saving with the Cowrywise app really helped! Unlike the banks, Cowrywise has a LOCK FEATURE that helps me stay disciplined with my savings.
Apart from saving money, do you also invest it?
Not yet, but I look forward to investing in the new business year.
What is your best Cowrywise feature?
My best feature on Cowrywise is saving money with the lock feature for discipline. I love the newsletters and subtle reminders from Ope as well…
What do you currently spend most of your income on?
Data and Food.
Did the pandemic affect your business?
Well, I guess not that much. I switched to making and selling ready-made dresses instead of fabrics since there was no way people could get their fabrics to the tailor. I became both the fabric seller & tailor for customers.
That’s smart and innovative. Share your biggest money mistake with us and how you overcame it.
As a business owner, it was difficult for me to learn how to differentiate my business money from my personal money. I was basically spending what I earned from my business alongside personal funds. Over time, this landed me in trouble as I was short of capital to run my business. I overcame this by setting up different accounts as I said earlier and by also getting extra sources of income.
Well done! ? If funds were unlimited, what will you purchase right now?
A round trip ticket to Seoul in South Korea.
After a long/tough day, what do you typically purchase to get refreshed?
Not sure I purchase anything after a long or tough day, but eating good food helps.?
One money lesson you think everyone should know?
YOUR BUSINESS MONEY IS NOT FOR YOU SO DON’T TOUCH IT ANYHOW!!!
Also, you should start saving, even if it’s 100 Naira daily.
Do you have any suggestions for Cowrywise?
None for now! Cowrywise is doing an amazing job and I’m really happy with it.
Thank you, Damilola.
Thank you too! ?
Find out more about saving with friends on Cowrywise. Winning is sweet but even sweeter when you win with your squad!
Want to share your story as well? Send us a DM here.
ALSO READ
Does Cowrywise have 2FA on its app?
Yes Deji. https://cowrywise.com/blog/two-factor-authentication/
This is an amazing article, Cowrysiwe. Kudos to everyone who worked on it.
Really nice article, keep it up Cowrywise and thanks for the awareness.
Thanks for these eyes openers.
Guys you are the best always
But,you should have resolved Funmi’s complain before she made it public.so,was the court order gotten?If it took forever for a funmi to get her funds back, what happens to people without clout?
Let me explain. While Obama was at a rally, someone from the crowd shouted at him about how immigrants were been deported. The issue was that these were illegal immigrants who were working honestly but contributing to America’s workforce, and hence it’s development… But it was tough, they are still illegal immigrants, right? So Obama replied: We [America] are a country of immigrants, yet we are a country of law. How do these two things cohabitate? The answer is: reasonable compromise.
It might be hard to explain to you that it wasn’t the clout that made her get her money, it was months of hard work in tracing the suspected thieves and following the law. The funds were transferred in a normal way any funds will, and the best thing was to work with Funmi to get the money back… By following the law. Unfortunately it took more time than Funmi’s patience, but eventually.
As a Software Engineer myself, one requirement is to always think and be ahead of the intruders… But you’d be surprised that as much as we try to make things for consumers that make their lives easier, there are people somewhere who’s purpose is to destroy that work. It’s tough but possible. We can stop them, or at worse, recover our stolen funds or losses… Even Twitter and other famous website gets gamed or hacked. Is this a justification for Funmi’s case, no. It’s just a point to help you understand, these things are tough. And we all have a role to play.
But we’d hold your hands all through. Trust us.
Impactful and mind opening
Funmi made our cowrywise even stronger?
Thanks for the eye opener. Does cowrywise have 2FA.
Yes we do now, Ifeoma https://cowrywise.com/blog/two-factor-authentication/
Nice one
My account was flagged because of a transaction I made and my 2000 is hanging. How do I get it back????
Thanks for your patience. A flag is initiated when we suspect a transaction, and it is designed to keep you safe. Have you filled out the verification form we sent, please?
My account was flagged I don’t know why and my 90000 is hanging. How do I get it back????
My account is flagged ?and I send a send to be open back I fill the forms and everything? It a week now till eating ,I need the money for business pls u guys should help me ,I can’t even send massage for help ,it only show before massage and she is not reply am getting scared already
This is enlightening. Cowrywise, thanks to your team.
Thanks cowry wise. For a more detailed information on this issue. Thank you.
Insightful and Enlightening. Thanks
Why do I need to my bvn to cowrywise, I don’t feel that is necessary since have already linked my atm card
Why do I need to add my bvn to cowrywise, I don’t feel that is necessary since have already linked my atm card
With your BVN added, we can ensure that withdrawals only go to your bank account.
how do i unflagged my account?
This is a very insightful article. Thanks.
Thank you.
Please I have been asking and begging to unflage my account and no attempt from you please I will still be pleading again unflage my account so I can top up my savings I have sent emails upon emails chart on charts but no attempt to unflage my account was made please unflage my account
un flagg my account why is that flagging thing just common. now i cannot withdraw my saving when i have plannned to use to t
o buy a system
Good insight from Cowrywise team
More win ?
Is it working
Hi ope, I want to withdraw my savings but I am finding it difficult because they keep asking me to put another maturity date which I don’t want to extend that very savings. This is my first time of withdrawal on cowrywise.
This is super enlightening. Thank you Cowrywise ?
I learned a lot from this kudos to the writer