Mobile apps you need to save money

Saving money is a critical financial habit, but easier to start, thanks to technology, writes JUSTICE OKAMGBA

Technology through mobile apps has simplified how people manage their finances, and saving money is no exception.

The process is more accessible, automated, and even rewarding, helping individuals overcome the challenges of saving consistently.

Whether you’re a salaried employee, freelancer, entrepreneur, or student, these apps have simplified saving by integrating technology into personal finance.

Some of the saving apps are as follows;

Digit

Financial expert, Mukul Agrawal, recommended Digit for those who struggle with consistent saving habits. “Digit is a fantastic app for saving money that handles all the planning and action while you focus on saving,” he said.

The app analyses your earnings and expenses, calculates how much you can save, and transfers the money to an FDIC-insured account.

“Every two to three weeks, the app conducts research and shares the results with you. Plus, you can earn a savings incentive every three months,” Agrawal explained.

By automating the process, Digit takes the guesswork out of saving, making it an excellent choice for people looking for convenience and discipline in managing their finances.

Reaprite

Reaprite emerged as a favourite among users for its competitive interest rates and community-saving options.

A Quora user shared their experience: “I’ve tried almost all the popular savings apps in Nigeria, and Reaprite does it for me. Their interest rates are among the highest offered by legitimate companies in Nigeria.”

The platform also provides occasional promotional plans with even higher rates, encouraging users to save toward specific goals.

“Did I mention you can earn more money through their referral programme? That’s why I recommend Reaprite these days,” the user added.

Japhet Chigozie echoed similar sentiments, highlighting the platform’s accessibility and group-saving features.

“Reaprite is definitely the best. It offers up to 16 per cent interest per annum and savings plans for everyone—you can start with as little as N500 naira. They even have communities where you can save in groups to stay motivated.”

Cowrywise

While Reaprite took the top spot for many, Cowrywise was another app mentioned for its popularity and structured plans. Alexander Ore acknowledged its appeal, especially among students.

“Cowrywise makes a lot of noise and is popular with students. However, I find some of their plan-breaking policies a tad strict, he observed.

Despite this, Cowrywise remains a reliable option for those looking to develop a disciplined approach to saving.

PiggyVest

For those seeking a longstanding platform, PiggyVest comes highly recommended.

“PiggyVest has been in existence since 2016 and has been serving people well,” said Afolabi Joseph, who wrote in a review.

“I use PiggyVest to save and invest securely. The registration process is simple, and it’s easy to start your savings journey.”

PiggyVest offers flexible plans and a secure platform, making it a dependable choice for users who want to save and invest with ease.

MyPayCap

If maximising interest is your goal, Ebuka Emenike suggests MyPayCap.

“Most Nigerian savings apps have similar flat interest rates of 8–14 per cent per year. However, MyPayCap stands out by offering three per cent monthly if you save a certain amount for 60–90 days. That’s 36 per cent per year, which is quite high,” he explained.

Earning such a high return comes with its own risks, so Emenike advises users to research the platform thoroughly before committing their funds.

Fluid Finance

Akwa-Mfon Udofia recommends Fluid Finance for users seeking high returns with transparency.

“Fluid Finance gives good yields on savings. You can calculate the profit you’ll make, which is really cool. I’ve been using my Fluid account for savings, and they give me great interest rates. You should try them out,” he said.

Fluid Finance’s user-friendly interface and attractive rates make it a noteworthy option for individuals looking to maximise their savings potential.

Groww

While many apps focus solely on savings, Groww stands out as a platform that combines savings with investments.

Data engineer, Jayant Kumar, advises users to explore this app for long-term financial growth.

“Groww is an excellent option for those who want to invest safely but don’t have much knowledge about the stock market. It allows you to open a demat account easily and start investing in mutual funds,” he said.

According to Kumar, mutual funds are a safer alternative to fixed deposits, which he considers a depreciating asset. Groww offers an accessible way for users to diversify their financial strategies.

Conclusion

With so many apps available, choosing the right one depends on your goals and preferences. From automated tools like Digit to high-interest platforms like Reaprite and MyPayCap, there’s an app for every type of saver.

El Steward highlighted that the key to saving is starting small and building gradually.

“I suggest you choose a local bank or credit union with a very small minimum deposit,” she said. Reflecting on her childhood experience, Steward noted how the pride of watching her savings grow inspired her to save consistently.

Digital savings apps have made it easier than ever to replicate this sense of achievement. By automating processes, offering high returns, and providing group-saving features, these platforms empower users to take control of their finances and achieve their goals.

Whether you’re saving for emergencies, investments, or long-term stability, these apps are here to simplify the journey. Start saving today and watch your financial future take shape.