Does this sound like you? You’re a money-conscious individual searching for a way to take full control of your finances. Well you must’ve done your research to know that PiggyVest APp is the best way to save and invest your money in Nigeria.
Now you must be wondering how exactly does PiggyVest work and how does it assist you or help in saving and investing your money.
In this article, we’ll walk you through the step-by-step process of different ways we can use PiggyVest App to save and invest our money.
Piggyvest Savings Plan
This is a feature that’ll allow you to automatically save any amount, even as little as 500 naira, while you’ll be earning up to 17% daily interest.
Using Piggyvest, you can monitor and control spending habit and build a healthier saving habit.
And since you’ll be able to set your savings to come in daily, weekly or monthly, it’ll be easier to save while focusing on other aspects of your life.
How to use Piggyvest App For Saving Your funds / money Automatically
- First you’ll have to download and login to the PiggyVest app.
- Go to ” savings”
- There you’ll click on “PiggyBank” and you’ll turn on “Auto save”
- Then you go to “settings” and select the “Auto save Settings”
- Here you’ll set up your preferred “Auto save plan”, (maybe you want to save 5000 naira monthly.
- Then you’ll click continue, select your source of income, the time you want to save and when you’ll like to start and stop.
- Then finally, you’ll click on “Complete”.
But hey, if you don’t have a consistent source of income, let’s say you’re a trader or business owner, don’t worry you can save manually on your own schedule too.
How to fund your Piggyvest App Account manually yourself
- First you’ll click on “Quick Save” to save manually.
- Then you’ll enter the amount and your source of income.
- Then finally you’ll click on “Quick Save”.
Now you can sit back and enjoy the fantastic ability of Quick Save without any difficulties.
More ways to save and invest on PiggyVest App
Safelock Saving Plan
So hear me out, the PiggyVest Safelock feature is best used when you have monies that you don’t intend to use until much later. With a 12.5% annual interest rate, you may lock funds in this fixed savings plan for at least 10 days and earn money right away!
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So, assuming you already have money set aside for a mid-year holiday or a luxury end-of-the-month dinner date with that special someone, you can avoid the temptation to spend it (and earn juicy returns today) with the help of Safelock!
So let’s quickly dive in to how safelock works.
How to use Safelock on PiggyVest APp
- Sign into your PiggyVest app
- Proceed to “Savings”
- Click on Safelock and then Create a Safelock
- Choose how long you wish to keep your fund locked
- Enter the Safelock’s amount and title
- Then you’ll choose a repayment date and source of funding
- Click on “Preview Safelock” to approve the transaction
- Then finally you click on Create “Safelock “
And that’s all there is to it.
Another unique feature to save and invest in PiggyBank is Target Savings.
Target Savings saving plan
So, PiggyVest’s Target Savings feature is ideal for customers who have a specific goal in mind. So, if you want to save for a new automobile or a laptop, this goal-oriented strategy is the perfect option. Plus, you can earn up to 9% interest each year while saving!
So after knowing all that, here’s how to use Target Savings to save on PiggyVest.
- Log into the PiggyVest app
- Proceed to “Savings”
- Select “Target Savings” and then click on the “+” Sign
- Select ” Create a personal Target”
- Give your Target a name and then choose a category
- Enter the amount you want to establish as your Target
- Create how frequently you want to save, the amount the day and the chosen hour
- Click on “Continue” and enter start and end dates
- Select the source of income
- Confirm the desired savings amount and click “Create Target”
And that’s all, but guess what, you can also use PiggyVest Target Savings for group savings.
How to use Target Savings for group savings
- Sign in to your PiggyVest app
- Proceed to ” Savings”
- Select “Target Savings” then click on the “+” symbol
- Click “Create a Public Group” or “Create a Private Group,”depending on your preference.
- Name your target and choose a category.
- Enter the group’s goal amount.
- Choose how frequently to save, the amount, the day, and the preferred time.
- Click “Continue” and enter the start and end dates
- Choose a source of income
- Confirm the desired savings and click “Create Target.”
Another way to save and invest in PiggyVest is
Flex Naira
In this our article on how to save money, we discussed how important emergency savings are and why you should establish one as soon as you get a paycheck. While there are various ways to get started, PiggyVest’s Flex Naira is the best and simplest approach in Nigeria.
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With Flex Naira, you can easily save the necessary three to six months’ living expenses for your fund for emergencies while earning up to 8% per year on your savings! Furthermore, you get up to four free monthly withdrawals to deal with any emergency without fear of losing your earned earnings!
Here’s How To Use Flex Naira
- Sign into your PiggyVest app
- Go to “savings” Click on “Flex Naira” and then “Add Money” (make sure your BVN is linked).
- Transfer funds to your Flex Account Number via your bank’s app.
After that, you should see your funds in your Flex Naira wallet. Fun fact: your Flex Naira is where PiggyVest sends out interest from other wallets.
Another way to invest in PiggyVest is
Flex Dollar.
So this feature is if you want to save money in foreign currencies and beat inflation, try Flex Dollar. This option allows you to keep your funds in dollars and preserve the value of your investments while receiving 7% interest per year.
How to use Flex Dollar on PiggyVest
- Login to your Piggyvest app.
- Click on “Savings.”
- Scroll down to Flex Dollar.
- Click on “Buy Dollar.”
- Enter how much dollars you want to purchase.
- Select your source of funds and authorise the transaction.
- Click on “Credit Flex Dollar.”
But what if you need to convert your Dollars back to Naira
- Click “Convert To Naira.”
- Enter the amount and authorize the transaction.
- Click “Convert to Naira.”
Conclusions
Installing the PiggyVest app on your phone is one thing; understanding how to utilize PiggyVest like an expert is another. We understand.
That’s why we created this article as the ultimate guide to saving and investing with your PiggyVest app. Whether you’re a complete beginner or a seasoned PiggyVest user, this article is an excellent resource to follow.
