Good morning to you all ,how are we doing today and how is the weather treating you in your own location,here I am enjoying my own weather because is kind of calm with a touch of cool breeze and because of this cool weather and its breeze i am sitting outside my house with some friends cooling off and receiving the natural fresh air of nature because the natural fresh air is better than that of the air condition we receive everyday on daily basis. Life is so good if we understand it and understanding it in a simple way will be of great help to us.
Welcome to my blog for today been the wonderful last day of June and a beginning of a new week. My topic today is joining a meeting and it benefits (in my language they call it akawo). This thing called meeting/akawo is a kind of contribution of money which is done in so many ways and it honestly have a great benefits because it helps one to make good saving within a period of time.
Many of us knows this method of saving money very well ,it is a process whereby group of people joins together and organize a meeting and have some organizational agreement on how the meeting should be and how it should be run and handle some may make one person the head (leader) while some will just continue without any head (leader of the meeting).
The akawo is what we call it in my dialect which i know others still have what they call it in their different languages. Here it is done in so many ways and this ways include: Daily contribution, weekly contribution,monthly contribution and yearly contribution even some people go beyond one year so their savings might be bigger.
Let me explain how it is been done over here; In daily contribution / akawo: Here the group or association contribute everyday and have their records maybe after the contribution in a day one person will be given the money and it is done turn by turn ,this is how they do it until it gets to everyone's turn. Or it can still be decided that the contribution will keep going and one person will be holding it but any day anyone wants his or her money he or she will go to the leader and collect his or her money.
Weekly contribution / akawo: This type of akawo is done every week,it is on weekly basis onlike the daily akawo that is everyday.the only difference is that it is a week interval and a particular day is been fixed for it .
Monthly contribution / akawo: It is still same like others but this monthly is the one most people prefer to do a rotational turn whereby one person takes the contribution each month till it gets to the last person then after the last person,a new one is been started.
Yearly contribution/akawo: This type is so different from others,in yearly akawo all the members keeps the contribution going without anyone taking it as his or her own turn but rather they contribution goes for a whole year then a day will be fixed when everyone will gather and the calculation will be done and the money will be given to each person according to their savings. Remember here there is no fixed amount you can put in anything you have.
This contribution method of meeting is really a very good thing and it is a very good way of saving money, One thing with it is that the money comes in buck and when you receives yours you can use it and do a very nice thing because of it is in bulk . FOR PEOPLE THAT CAN DO THIS IS REALLY A NICE THING AND ALSO A LIFE MONEY SAVING STRATEGY.
The images used are mine.
THANK YOU FOR STOPPING AND READING MY BLOG TODAY I REALLY APPRECIATE.