3 Money Saving Apps for Nigerians By Nigerians

Why is it that we plan so well for money before it gets to our hand, but most times end up with the popular saying: I cannot come and kill myself when it finally gets to us. Sometimes we plan so well, only to be easily swayed by the events that follow. Money discipline is something a lot of us struggle with. That’s why we have decided to bring to you money-saving apps created by Nigerians that can be of great benefit to your financial growth.

An interesting fact about these apps is that they were all built by young Nigerians who understand how difficult saving is for the average youth, and decided to find a solution to this problem.

Piggy Bank

Remember your pig shaped safe? The one we all saved our money in when we were younger?  The good thing is, now that we are older, we can still have this wonderful safe everywhere we go at the tip of our fingers. The digital piggy bank is a platform that allows you to save your money for the future and still have interests in it, isn’t it cool? You can save money periodically or even lock funds away for a period of time, saving starts from as little as ₦50.

Piggybank can be connected to your local banks thereby making savings automated from your bank account without charges from your bank for deposit.

Cowry Wise

Cowry wise allows you to set a target on your savings with an interest of 10%-15% yearly. It enables you to grow your wealth through regular and disciplined savings just like the above-mentioned platform. With this money saving app, you are expected to keep your savings for nothing less than 90 days or for as long as you want.

I can bet, the big question running down your mind is what do they do with my money? They actually invest your money in a risk-free venture so be sure your money is in safe hands.  Unlike a piggy bank, you can start saving as little as 100naira per day, week or as you wish. What more, it’s completely free and they have a chatbot called Sisi that answers your questions and interacts with you.

Reach

What makes this app different from other money saving apps is the fact that it makes use of your bank alerts to track and give you insights on how your money was spent by giving you a weekly breakdown and also has a tool that helps you keep a budget. With this platform, you have no reason to link your bank account or drop details of your bank. All that is needed is to make sure you permit the App to access your messages. Don’t worry if you don’t receive alerts on your phone, there is a way to go about it. It has a chatbot named Niki, who interacts with you and helps track your goals. Just download the app and explore.

The fact that these apps were created by Nigerians means it is really flexible because it truly understands the Nigerian youth. All you need to do is just download the apps and start saving your way to financial freedom. If you don’t feel satisfied with features of these above-mentioned apps there are other money saving apps you can use such as Money Dashboard, Mvelopes, Unsplurge and lots more.