Saving money helps to stick to a budget and plan for both short-term and long-term financial goals. There are many saving apps that can help you to plan, budget, and save.
As a student, is it really important to save money? Yes, because it helps you as a student to inculcate the habit of saving and it helps to build trust & confidence in your abilities.
This article will improve your knowledge of money-saving apps but before going into that, what is saving?
Saving is setting aside a percentage of one’s income or money you choose not to spend but for future needs. It is the money you remove first from your income.
The following are the top 10 money-saving Apps to help you save more
Cowrywise
Cowrywise is a savings app that delivers savings with an interest rate of 8.5 percent per annum. It was launched in 2017. You can build your savings and investment portfolios with this app and manage your money. It allows you to save in groups or individually.
Alat
Alat saving app is the innovative brainchild of Wema bank and it is fully digital. You can perform all your transactions on electronic devices from your comfort zone. It allows you to decide on how much and how long. It also allows you to save in groups or individually. The interest rate is 8.75 percent per savings.
PiggyVest
Piggyvest is one of the largest savings and investment platforms in Nigeria. It was launched in 2016. It helps its customers manage their finances. The interest rate differs based on your savings plan, it offers 8 percent per annum on its piggy bank savings plan, 9 percent on its target savings, and 13 percent per annum on its safe lock plan.
Kolopay
This is another top mobile app that helps Nigerians save money. With Kolopay, you can choose to automate your savings daily, weekly or monthly. It makes savings easier with its autosave and easily save options. This app helps you to save a little money in order to achieve your goal. It has a withdrawal date and helps with an interest rate of up to 10 percent per annum.
Kuda
Kuda is a digital online banking app with a microfinance bank license issued by the central bank of Nigeria. It also helps to automate your savings daily, weekly and monthly. It is free. It helps track spending habits and encourages more savings. It offers an interest rate of 10 percent to 15 percent based on your savings.
Sumotrust
Sumotrust was formerly known as Sumobank. It allows you to set money aside for saving automatically. They offer both savings and investment services. It provides interest rates of up to 10 percent per annum.
V bank
This is another savings app owned by VFD microfinance bank. It allows saving with a high-interest rate on your savings. With V bank, you can easily sign up and transfer money without any charges. It is very easy to access and offers up to 14 percent interest rate.
Crowdyvest
Crowdyvest is another saving app that allows you to save money and achieve your financial goals as a student. With the autosave option, it allows you to plan your savings based on your income.
Nomba
Nomba saving app was formerly known as Kudi app. It was launched in 2017. It helps with financial requests on social media apps. It launches an iOS app for iPhone users soon. This app supports your business app. It accepts payment, sends money, and uses tools that enhance business growth.
Carbon
Carbon saving app is a mobile app that offers online services to those who want a loan or wish to purchase goods and services. It makes personal finance easy. Whether you want to start a business, buy a new house, buy a car or pay off student loans. It allows cheaper transactions, zero account fees, and an interest of 2 percent per annum.
Benefits of Automating Your Savings With Money-saving Apps
Using a savings app as a student has a lot of benefits. Some of the benefits are;
- It helps you as a student to plan for the future.
- It provides an opportunity for a higher quality of life.
- It helps to prepare for uncertainties.
- It gives peace of mind.
- It prevents lavish spending.
Are Money-saving Apps Safe?
Yes, money-saving apps are safe and easy to access. Though the cost of living in Nigeria is now increasing, with the little you have, you can start saving on savings apps and plan for the future. Use any of the apps and thank me later.
Conclusion
In conclusion, your savings will always come through for you and help you to plan for the future. Make the right decision today.
Finance Buddy 
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