Most people find it difficult to save money. It’s easy to spend recklessly when you have a constant stream of monthly cash. We looked into some of the apps that could help you save and invest money in Nigeria in order to assist you better manage your money.
PiggyVest (previously piggybank.ng) is a straightforward tool that makes it simple to save and invest. You can save little sums of money on a regular basis (daily, weekly, or monthly) towards a specific savings goal or set aside monies for a certain period of time. PiggyVest helps you avoid overspending by allowing you to easily store monies that you don’t want to touch. PiggyVest takes the worry out of managing your finances by combining simplicity, discipline, convenience, and flexibility to help you reach financial freedom.
CowryWise is a digital platform that streamlines the process of saving and investing. CowryWise’s automated and simple-to-use online savings platform eliminates the stress and planning required to save and invest on a regular basis. Your funds will also earn you interest, up to 15% each year, until the maturity date. CowryWise accepts all Nigerian banks’ debit cards, and you can start saving with as little as $100.
3. Payday Investor
Payday Investor is a simple and safe software that allows you to save money for the things you desire while also increasing your investment profits over time. The program allows you to earn interest (up to 13%) while automatically investing your cash on a regular basis, allowing you to achieve your financial goals faster. Your money is invested in the ARM Money Market Fund, a mutual fund that offers competitive interest, quarterly returns, and capital preservation while you use Payday.
4. Wema’s Alert
ALAT’s Goals makes saving as simple as it is to spend. ALAT’s Goals has you covered whether you’re creating a budget, saving for a special purchase, or simply seeking for a lucrative investing plan. You are free to create as many Goals as you want. It’s as simple as setting a goal, selecting a saving frequency, and waiting for the magic to happen. ALAT takes care of the rest, and you profit handsomely as a result.
KoloPay is one of the most effective ways to save for your objectives. KoloPay makes it simple to save little by little toward your objectives while earning up to 10% interest. Because your savings are made from your existing bank accounts, this platform is completely cashless. Your debit card information is used to link accounts. This program is versatile enough to help you save as little as $100 or as much as $100,000 all at once.