I know it’s odd to say this now but Happy new year guys…
In my defense, It’s still the new year.
I’m back again.
Ghosting on you guys and coming back has always been a struggle. It’s a bad habit I am trying to correct. I am trying to do better.
I went off towards the end of last year because I had a lot of learning, unlearning and relearning to do and there was so much on my plate but I am back this year and I’d ensure I keep this going. (I’m sure some people are already rolling their eyes like she said same last year but I truly intend to keep this running).
I would try to put my posts up Bi-Weekly and I hope they’d be engaging enough to keep you glued and coming back.
It is 2020. You know the way we spoke about 2020 like it’s in 5 million years away? Well, viola 2020 is here and I’m super grateful for this new decade and what it has in store for us all. Alot has happened this year but I am grateful I am still here.
There is so much to talk about and I don’t even know what to start with but let me start by asking what your new year resolution is?
For me, I’d say one of the things I’ve resolved to do better this year is to increase my saving culture and get very financially literate. As we progress in the year I’m hoping I would be able to share some tips on my financial literacy. However, let me start with this. Saving and Investment. It’s the 21st century and it has become increasingly easier to save with the fintech companies everywhere (Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers)
I’d list 3 apps that I have used and have helped me save:
- The first would definitely be piggyvest. It offers me so many options and I’ve used it consistently for 2 years now(although I end up withdrawing all the money at a stage) but I’m planning to be more disciplined and actually imbibe the saving culture this year.
Piggy vest offers options to save and invest and this is the reason why it is my go-to.
Under the Save option, you have 4 other sub-options
- Piggybank: this is the first interface of the piggy bank app to withdraw from this account you have to pay 5% of the amount withdrawn if it is not on a withdrawal day(March 31st, Jun 30th, Sep 30th, Dec 31st). You can also set your withdrawal day but this means you cannot go back to using the generic withdrawal days until 3 months pass.
- Piggyflex: Money saved here can be withdrawn anytime without a penalty(my personal favorite). You also have an account number under Providus Bank attached to this so you can get the money paid directly into your account from other banks.
- Savelock: Now this is the one I intend to use now as you cannot touch this money until maturity. So it teaches you restraint and self-control (all of which I require this year)
- Target: Helps you save towards a particular goal or event(used this during my sister’s wedding for her bridal shower).
If you feel Piggybank fits your need click the link
- Carbon: This is also a useful saving app. No investment opportunities on this but helps savings culture. I’ve not really used this a lot and I am still trying it out but I will definitely drop feedback on this after using it for a while. This app also offers loan options and other options to make payments for Dstv, Airtime etc.
The downside is that there is no investment, it’s pure savings, however, most people use this app because of its loan option.
You can access the Carbon App HERE
- Osave: This is on the Opay app, I’ve tried saving with this in January and the downside for me would be that I can actually take money from my savings to pay for a ride and if you know me you know I take many rides. But apart from that, they offer reasonable interest rates. And if you already have the Opay app you have the Owealth/Osave too.
I’m guessing by now you’re checking one or all of this out, that is if most of you are not subscribed to them already. The road to financial freedom is gradual and it could start here.
I hope you have gained something from this.
See you soon!!!!