Six High-Interest Savings Accounts You Can Open Today
Wouldn’t it be nice if you’re able to earn some good interest on the money you’re holding in your savings account? You might think that banks are doing you a favour with the minuscule interests they add to your money pile periodically, but this ‘bonus’ may get wiped out by bank transaction costs and maintenance […]
Fintechs in Nigeria: PiggyVest
Unless you’re earning significantly more than an average income, you probably have to sacrifice some convenience to save up money. For most of us, there’s always a need popping up for every kobo we make. Putting a bit of cash away can take a big slice of courage, and more. PiggyVest is helping Nigerians overcome […]
Fintechs in Nigeria: Cowrywise
Cowrywise is a digital technology tool that helps Nigerians save and invest their money. The platform is accessible via an app, on which users can select and implement a savings plan, or choose their preferred type of investment. It was launched in 2017 by Razaq Ahmed, an economist and investment analyst, and Edward Popoola, an […]
Switching Off From Routine: Planning for a Mini-Retirements (2)
A lot of people are often conflicted about the rationale for any vacation running longer than 30 days. Most workers just take the holidays and go back to their routine because they are not used to the idea of long holidays. But the dimension which mini-retirements have brought into planning a career or life path […]
App Of The Week: Cowrywise
Cowrywise lets you save money through automated deductions from your account. The app was founded by three individuals: Razak Ahmed, the Chief Executive Officer (CEO); Edward Popoola, the Chief Technology Officer (CTO); and Feyisayo Shonubi who is in charge of product design. Together the team has put Cowrywise in place to enable Nigerians save money […]
Fin-Tech Startup PiggyBank, now known as PiggyVest
PiggyBank, the financial management tech startup is taking big leaps in 2019, stepping into new boundaries and exploring new possibilities in the fin-tech industry where it has garnered admirable influence. In a recently published blog post, PiggyBank announced it’ll be broadening its business coverage, moving from being just a savings product into a ‘robust financial […]
Websites We Love: Wallet.ng
Money is such a big deal. We use it in virtually all forms of payments known to man and we know we have to keep growing and saving it in order to keep enjoying the benefits it provides. So far, banks have done a good job of helping us save large chunks of money and […]
3 Ways To Save For A Debt-Free Dream Vacation (Pt 3)
For some weeks we have been looking at the three ways we can save for a debt-free vacation. We decided to take our time on this topic because it is the bedrock of any tourism dream. It is important to note you do not have to be rich to be a tourist and with the […]
7 Tips for Monetizing Your Hobby
Do you have a hobby you’re good at? If there’s anything you currently do for free that others seem to demand often, you may want to consider monetizing it. Ready to move from hobby to hustle? Here are 7 mindset shifts you need to be deliberate about: No naira, no business. True, you’re used to […]
Transfinancial: 3 Tips for Setting Your Inner Millionaire Free
Financial literacy should be taught as a subject in secondary school. Far too many of us grew up financially illiterate, with nothing in our curriculums that taught us about money. Transactional income was all we were prepared for; aim for a plum job, and have some savings. Yet the truth is that nobody becomes wealthy […]
Top 5 Nigerian Fintech Apps
Fintech is a term used to classify all computer programs and technology that support and facilitate banking and financial services. Because of the ease and comfort they provide, as opposed to the traditional methods of banking, fintech services have become more endearing to Nigerians in recent times. The demand for fintech services can only grow at this point, as […]
App Of The Week: Piggy Bank
When you hear the word Piggy Bank, I bet the picture that comes to your mind is that of a small ‘pig-shaped’ structure for saving money or a small wooden ‘savings’ box which was popular with Nigerian kids at some point in time. This was indeed a very reliable way of saving money in the past […]
App Of The Week: REACH | The Fintech App That Promotes A Savings Culture In Nigerians
The present economy state of Nigeria calls for citizens to be financially savvy. It was for this purpose that JR Kanu, a former MBA grad from Stanford University, set up REACH to promote a savings culture among Nigerians and to help them “save for rainy days”. JR first saw the reason for an app that […]
Personal Finance: 7 Things We Know We Should Be Doing, But Aren’t
We know how in marriage, life and laziness get in the way of applying the knowledge that we have. Interestingly, the same thing happens when it comes to personal finance; we acquire tons of knowledge but how much of it do we apply? Here are a few personal finance basics, few people take their time […]
Celebrating World Savings Day: How Do You Save?
Financial Literacy is referred to as the ability to make informed judgments and to take effective decisions regarding the use and management of money. As little children, we were trained through various institutions of socialization and we developed skills from all we unconsciously learnt, as knowledge is developed by contacting, observing, interacting. I remember watching […]
Important Things You Should Put in Place Before You Clock Forty
They say a fool at forty is a fool forever, so definitely there must be some things that should be in place once you are approaching that magic age. Everyone wants to live a long and healthy life, but it does not just come easily without some work, discipline and sacrifice. The important thing is […]