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.
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Hello Ope.
I love the cowrywise investment platform. But I do not know how to use it. I wish to be more financially literate. How do I go about it?
Hi Ogonna, thank you! About financial literacy, I would highly recommend that you stay glued to our blog and other channels for articles and posts to help you. Please visit cowrywise.com/invest to learn more about our investment products available to you!
Hello
Thanks for helping me save some money this year promise to do more next year by grace of God I will be going from Budding butterfly to next level next year, thank you Cowrywise you are the best ?
That’s the energyyy!
Hey ope
Thanks for the info
How do I change the card linked to my account?
I lost it and I want to change the atm number o?
Hi Omodunke, I’m sorry for your loss. Kindly delete your debit card and add it back.
To do this, follow these steps:
– Click on your profile
– Select banks and cards
– Tap on the card to delete and click the + sign to add it back
– Go to your plans page which is the 2nd icon on your menu bar
– Tap on edit on your plan
– Link your added debit card to your plan
– Save the changes made
I moved from Budding Butterfly in 2020 to Consistent Cougar in 2021. Looking forward to a more exciting run in 2022.
Lots of love to you, Ope.
Hello.
How do I remove withdraw money from my savings plan to my bank account? I don’t understand what delete plan means because I don;t know what happens to the money in the plan.
Hello.
How do I remove withdraw money from my savings plan to my bank account?