Handling your finances can be extremely difficult especially for millennials because we have everything at our fingertips and thanks to the advancement in technology over the years, spending money has never been easier than it is today.
There are numerous shopping apps available to us across the globe such as Jumia, Aliexpress, Jiji, Konga, Amazon and so on. With one click we can have whatever we need bought and shipped to us quickly. Even ordering food is super easy now because apps practically help us and make our lives easier. For example, I have wanted to buy a tripod stand for some time now. I thought wait let me just check the Jumia app and in a few minutes of browsing, I knew exactly what I wanted and saved it until I have the money to purchase it. That is how easy life has become.
When it comes to my finances I also use some apps to help me save time. These apps are total live savers and go beyond the traditional way of handling money. I use them to save, invest, track and even know my debts. This is not a sponsored ad I am sharing this information because I use these apps and they have been very helpful to me and I thought you all deserved to know them too.
Apps that help you handle your finances better:
1. PiggyVest (formerly Piggybank): This was the first app I ever used to handle my finances. Like everyone, I was skeptical, so skeptical that I didn’t join the wave when it initially started. I only started using Piggyvest last year and boy that has been one of the best decisions I have made so far. Piggyvest allows you to save and invest your money. There are different types of saving plans, there are daily automated savings and also long term savings (safe lock) and options for secured investments. Piggy vest is so secure that I can lock my money and forget it there. With this app, you can save towards a goal like tuition fees for school, your wedding, a trip, buying a house, anything. The safe lock feature is my preferred saving option on Piggyvest. I use it to lock savings over a period of time and get an interest of up to 13% on it instantly. To me its a very safe form of investment.
Also one of my favorite things about Piggyvest is if you Sign up here, Piggyvest will automatically give you ₦1,000.00 to start your own savings journey. How great is that?
2. Cowrywise: Cowrywise is a lot like piggy vest, it allows you to automate your savings and also invest.
I use cowrywise mainly because of the investment options. Unlike Piggy vest, they have a wider range of hacked up secured investments which is great for beginner investors because they are secured low-risk investments. Sign up and get an instant cash bonus to invest when you signup and save on the Cowrywise app with my invite code DestiKwn
3. Save money: this is a free app that allows you to track your spending, create budgets and manage your money better.
My favorite feature on this app is the budget layout (picture above). The budget layout gives you a snapshot of how much you earn, spend and save monthly. In the example, above I used a case study of a person earning N200,000 a month, saves N50,000, and uses the other money for other expenditures. With the app, this user in a flash can see where each penny went. At the end of the month, the user can also look over reports and use these reports available on the app to make better financial decisions. It is available on Playstore and Apple store.
4. Debt pays off planner: I tell my readers to avoid debts as often as they can however, some debts happen. The question now is do you have a plan for paying off your debt? If you don’t, debt pay off planner is the app you need.
It helps calculate your debt, possible payment period and interest percentages to pay off also as seen in the above snapshot of the app. In this example, the individual has to pay off the student debt of N250,000 within 1 year. As seen above the app enables the user to see your progress so far and how much you have left to pay off. This keeps you on track.
5. To do list: I find this useful also, especially when going shopping for groceries or houses hold items. Listing all you want/ need and aligning it to your set budget helps you save a lot.
These apps help me handle my finances better and I am so happy I discovered them they are all available on Playstore and Applestore. I hope this post was useful to you.
Do you use finance apps? Do you intend to? How do you find them? Kindly share it below👇.
Until next time, keep living your best financial life love D.A