Start Early, Build Wealth

How Time and Consistency Pay Off

    Saving for the future is all about time, and the earlier you start, the more you benefit from the power of compound interest. Let’s compare two people:
  • Person A (Start Early): Starts saving at age 25, saving GHS 3,000 per year for 7 years.
  • Person B (Save Late): Starts saving at age 23, saving GHS 3,000 per year for 25 years.

Here’s how their savings look at age 48

Person A: Save Early
Age Contributions (GHS) Accumulated Balance (GHS)
25 3,000 3,000
26 6,000 6,240
27 9,000 9,619
28 12,000 13,151
Total 21,000 128,361
Person B: Save Late
Age Contributions (GHS) Accumulated Balance (GHS)
23 3,000 3,000
24 6,000 6,240
25 9,000 9,619
26 12,000 13,151
Total 75,000 131,221
Conclusion
  • Person A, who started early, had a total contribution of GHS 21,000 but accumulated GHS 128,361
  • Person B, who saved late, contributed GHS 75,000 but accumulated GHS 131,221
    • While saving later still brings benefits, starting early allows your money to grow faster, thanks to compounding.

Start now. Start early. And let time work for you