{"id":8524,"date":"2022-08-23T11:55:49","date_gmt":"2022-08-23T10:55:49","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=8524"},"modified":"2022-09-08T18:18:07","modified_gmt":"2022-09-08T17:18:07","slug":"financial-goals-cowrywise-badges","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/financial-goals-cowrywise-badges\/","title":{"rendered":"How Cowrywise Badges Help You Achieve Your Financial Goals"},"content":{"rendered":"\n

At Cowrywise, we\u2019re passionate about making personal finance seamless for young Africans. Our team invests a lot in financial education and this is evident in the numerous guides available to you on the blog<\/a>. This passion to help young people understand their finances better led to the creation of badges. <\/p>\n\n\n\n

Cowrywise badges help you set and achieve your financial goals in a more effective way. Without leaving the app, you have access to badges that help you understand where you are in your savings and investment journey. The badges also help you to gain clarity on where you want to be. <\/p>\n\n\n\n

Users look forward to getting the notification that they have unlocked a new badge or that they have gotten to a higher level of a previous badge. So whether you already set your financial goals or not, badges give you a holistic view of your money goals. <\/p>\n\n\n\n

The Cowrywise badges that currently exist<\/strong><\/h2>\n\n\n\n

For every milestone you reach, you earn one of these badges to boost your financial fitness. <\/p>\n\n\n\n

1. Money Stepper<\/h3>\n\n\n\n

This badge has 3 levels. You earn the first level when you maintain a balance of N500,000 for 3 months. The second and third level is earned when you maintain a balance of N1M and subsequently N5M for 3 months. <\/p>\n\n\n\n

The Money Stepper badge is a testament to your consistency. If you\u2019re constantly saving to spend or investing and then selling your investment units, this milestone will be difficult to achieve. <\/p>\n\n\n\n

2. The Harvester<\/strong><\/h3>\n\n\n\n

As the name implies, you\u2019ll earn this badge when you begin \u201charvesting\u201d your investment seeds in the form of returns. It also has 4 levels which are for when you earn N10,000, N20,000, N50,000 and N100,000 respectively. This means that if you\u2019ve already earned up to 10k in returns, your next goal should be to earn at least 20k and above. The more you invest, the more returns you\u2019re able to earn so with this badge, you celebrate the fruit of returns, which is your harvest.<\/p>\n\n\n\n

3. The Benjamin$<\/strong><\/h3>\n\n\n\n

Benjamin is a slang people use to refer to the $100 bill because it has a portrait of Benjamin Franklin. As an investor, it is vital that you diversify your assets so anyone who invests at least $100 (in a dollar-denominated asset) earns this badge. Want to go international? Then work towards earning this badge!<\/p>\n\n\n\n

4. Savvy Investor<\/strong><\/h3>\n\n\n\n

Have you ever been to a gathering for the first time where the first-timers are asked to indicate by raising their hands? Well, the Savvy Investor badge allows first-time investors proudly raise their hand on the Cowrywise app. It comes with your first mutual fund investment and is a propellant for achieving much more.<\/p>\n\n\n\n

5. Brave One<\/strong><\/h3>\n\n\n\n

Being brave means you\u2019re willing to do what others are scared to do! This badge is specifically reserved for those who try out equity funds<\/a>. Equity funds are made up of a large percentage of stocks which are considered Growth Funds. It is pretty straightforward to earn this badge, all you have to do is invest in an equity fund at least once. So head over to the app now if you\u2019ve not yet achieved this milestone. <\/p>\n\n\n

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<\/span>Guides<\/span><\/a><\/span>Money Tips<\/span><\/a><\/div>\n

4 Financial Tips for Young Adults<\/a><\/h3>\n
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<\/div>\n <\/a>\n <\/div>\n <\/div>\n \n
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<\/span>Guides<\/span><\/a><\/div>\n

What Are Critical Assets?<\/a><\/h3>\n
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<\/div>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n\n

6. Pack Leader<\/strong><\/h3>\n\n\n\n

There are different Savings Challenges<\/a> on the Cowrywise app and this badge is earned when you top a Savings Challenge<\/a> till maturity. This can be tough to achieve because it is very competitive. Everyone obviously wants to lead the pack if you strive to top a challenge till it ends, then this badge is yours! Oh and it doesn\u2019t count if you topped the challenge for a long time, you have to go the long haul until it matures.<\/p>\n\n\n\n

7. The Benevolent<\/strong><\/h3>\n\n\n\n

One of the ways to do good with your money is to support a cause so this badge is dedicated to users who donate at least N5,000 to a cause that another user is soliciting funds for. When you donate, you get to make someone else\u2019s life better, plus, you earn this badge.<\/p>\n\n\n\n

8. Anniversary badge<\/strong><\/h3>\n\n\n\n

If you\u2019re like Olabinjo who started using Cowrywise when we launched<\/a>, then you should have hit some of these milestones. There are 3 anniversary badges on the app:<\/p>\n\n\n\n