Today, we are excited to introduce Cowrywise Savings Score (CSS). The SS is a performance indicator that gives you a unique financial identity based on how diligent you have been saving money on Cowrywise. The score is estimated by our proprietary scoring algorithm developed by the Cowrywise CEO, Razaq Ahmed, CFA.
The score, generated primarily from inputs such as savings records, withdrawals, savings success and failure, saving frequency and amount saved, is used to build a creditworthiness profile for you. This score ranges between a minimum of 10 and a maximum of 100. If you have registered on Cowrywise, you can view your current Saving Score on the dashboard.
Why should I care?
The Savings Score is a good self-assessment tool to measure how well you are doing in meeting your personal finance goals.
How can I improve my savings score?
While there is no single way to boost your savings score overnight, below are some actions that can improve your score over time:
- Have a consistent monthly savings contribution that will run for at least 6 months.
- Avoid failed saving attempts by funding your card before saving the due date or adjust your saving dates accordingly.
- Retry failed savings as soon as you can (possibly within 24 hours)
- Reduce the number of withdrawals you make
While failed savings due to technical issues will not affect your savings score, withdrawals and failed savings due to other non-technical reasons will reduce your score.
RELATED:
What about other social media platforms like Facebook and Instagram?
I’m more active on those ones
Hi Diamond!
The possibilities with Triggers are somewhat endless so please look out for more Triggers that will be available on the app soon.
Until then, make sure you at least tweet more.?
Do you mean I will earn an extra money aside my own money just by retweeting ?
No o
It simply means u get to invest or save money just by tweeting or retweeting,not that u earn extra cash.
Is football trigger for men football alone or both men and women football?
This football trigger is like betting, is that it?