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Savings goals and goal settings
4 Out of 6 Found HelpfulWhat are goals?Savings goals are here to help you reach your financial targets intelligently.
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The Pesewa Challenge is a money-saving challenge that focuses on incrementally saving starting with 10 pesewas on day one, 20 pesewas on day two and GHS36.5 saved on the last day of the challenge. With this challenge, at the end of a year (365 days) you will have saved GHS6,659.50.
Example:
To play the pesewa challenge, you must save a small amount of money each day for a year (365 days).
On the first day, put aside TEN Pesewas.
On the second day, add Twenty pesewas to your growing treasure trove.
Each day, you should add an additional pesewa to your daily contribution. That means you’ll stash away thirty pesewas on the third day, forty pesewas on the fourth, fifty pesewas on the fifth, and so on. to make at least GHS6,659.50 by the end of the 365 days.
Keep in mind that you’re not saving ten pesewas each day for 365 days — that would only net you GHS 36.50.
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