June 16, 2024
Money Saving Apps

When it comes to securing your financial future, every penny saved today paves the way for a better tomorrow. Imagine having a personal assistant who tirelessly seeks out the best deals, tracks your expenses, and helps you reach your money goals faster. Why you need to explore these best money saving apps.

Money-saving apps are here to revolutionize how you manage your finances.

In this guide, we’ll unveil a handpicked selection of these financial allies, ensuring your path to prosperity is not only easy but enjoyable too. Your wallet will thank you!

Where Can I Save Money Online?

In today’s digital age, the opportunities to save money online are abundant and diverse. From e-commerce giants like Amazon and Walmart to specialized platforms like Rakuten and Honey, the internet is teeming with ways to trim your expenses. 

Coupon websites such as RetailMeNot offer instant discounts on a wide range of products, while cashback portals like Ibotta and Swagbucks reward you for your everyday online shopping. 

If you’re into budget travel, websites like Skyscanner and Kayak help you find the best flight and hotel deals. 

Don’t forget the world of online marketplaces, where buying and selling secondhand items on platforms like eBay and Poshmark can save both money and the environment. Embrace the digital realm, and watch your savings grow.

Read: 10 Best Apps For Managing Money In 2023

Are Money Saving Apps Legit?

Absolutely, money-saving apps are legitimate and increasingly popular tools for savvy consumers. With advancements in technology, these apps provide genuine ways to save money, earn cash back, and find the best deals. 

From well-known options like Ibotta and Rakuten to budgeting apps like Mint and YNAB, these platforms are designed to enhance your financial management. 

However, as with any online service, it’s wise to stick with reputable apps, read user reviews, and ensure your personal information is protected. 

When used responsibly, money-saving apps can be valuable assets on your journey toward financial well-being.

What is the Best App to Save Money?

One standout app for saving money is “Honey.” This browser extension and the mobile app automatically scour the web for the best available coupons and discounts as you shop online. With a vast database of deals and a user-friendly interface, 

Honey takes the hassle out of finding savings. It also features a rewards program where you can earn “Honey Gold” points that can be redeemed for gift cards. 

Honey’s ability to effortlessly apply coupons during checkout can lead to significant savings on a variety of online purchases, from clothing to electronics. Its convenience, reliability, and potential for substantial savings make Honey a top choice for anyone looking to trim their expenses.

What is the Best Automatic Savings App in Nigeria?

In Nigeria, two prominent automatic savings apps are PiggyVest and Cowrywise. PiggyVest, a frontrunner in this field, offers a seamless and user-friendly platform for individuals to automate their savings. 

It allows users to set customized savings goals, and it rounds up their transactions to the nearest Naira, saving the spare change. PiggyVest also provides a “SafeLock” feature that prevents you from accessing your savings until a set date, helping you resist the temptation to spend impulsively. 

On the other hand, Cowrywise presents a similar automatic savings mechanism, with additional options like investing in mutual funds and fixed-income instruments. 

Both apps offer secure ways to cultivate a savings habit and achieve financial goals with the convenience of automation.

Best Money Saving Apps

Here are some of the best money-saving apps:


Risevest is a robust investment platform tailored for Nigerians. It allows users to invest in local and international markets with as little as ₦1,000. Risevest offers various investment options, including Nigerian and U.S. stocks, agriculture, real estate, and Eurobonds. 

Users can choose from different investment plans based on their risk tolerance and financial goals. The platform provides detailed information about each investment option, historical performance, and expert insights to guide users in making informed investment decisions. 

With a user-friendly interface and educational resources, Risevest aims to empower users to grow their wealth through diversified investment strategies.

Stanbic IBTC Asset Management: 

Stanbic IBTC Asset Management provides an avenue for Nigerians to invest in mutual funds managed by professionals. The app offers a range of funds designed to suit various risk profiles and investment objectives. 

Users can easily set up an account, explore different funds, and invest in them according to their preferences. The platform provides regular updates on fund performance, market insights, and economic analyses to keep users informed about their investments. 

With the backing of a reputable financial institution, Stanbic IBTC Asset Management aims to help users achieve their financial goals through expertly managed mutual funds.

Also, see: 10 Best Finance Apps For You In 2023

Optimus by Afri Invest:

Optimus by Afri Invest is a comprehensive investment app that focuses on the Nigerian capital market. It offers users the opportunity to invest in a diverse range of Nigerian stocks and bonds.

The app provides real-time market data, stock analyses, and investment recommendations to help users make informed investment decisions. Optimus also offers features such as market news, financial reports, and economic indicators to keep users updated on market trends. 

With an emphasis on research-backed investing, Optimus aims to empower users to navigate the Nigerian stock market with confidence.

ALAT by Wema Bank:

ALAT by Wema Bank is a digital banking platform that integrates various financial management features. Alongside its banking services, ALAT offers savings features that allow users to set savings goals and automate regular transfers to reach those goals. 

Users can create multiple virtual savings goals, track their progress, and earn interest on their savings. The app also provides insights into spending patterns, allowing users to make informed decisions about their finances. 

With a user-friendly interface and a focus on helping users save and manage money effectively, ALAT is a versatile financial tool.


Kuda is a neobank designed to simplify banking and financial management for Nigerians. It offers savings and budgeting features that enable users to set savings goals, track expenses, and categorize transactions. 

Kuda also provides a virtual card for online payments and fee-free transactions. The app’s user interface is intuitive, making it easy for users to manage their finances on the go. 

With a focus on transparent and convenient banking, Kuda aims to provide users with greater control over their money and spending habits.


PiggyVest is a popular savings and investment app that encourages a disciplined approach to saving. Users can create personalized savings goals, set up automated contributions, and earn interest on their savings. 

The “SafeLock” feature allows users to lock funds for a specified period, preventing impulsive withdrawals. PiggyVest also offers investment options such as mutual funds and agriculture, enabling users to earn returns on their investments. 

With its emphasis on fostering a savings culture and providing various avenues for wealth accumulation, PiggyVest has become a prominent financial partner for many Nigerians.


Cowrywise is an investment app that focuses on mutual funds and fixed-income instruments. Users can choose from various investment plans based on their risk tolerance and financial goals. 

The app provides insights into each investment option, historical performance data, and projected returns. Cowrywise also offers features like automated investments, periodic contributions, and personalized investment recommendations. 

With its user-friendly platform and educational resources, Cowrywise aims to demystify investing and make it accessible to a wide range of users.


Carbon, formerly known as Paylater, offers a range of financial services, including loans and savings features. The app’s savings feature allows users to earn interest on their savings while having the flexibility to withdraw funds at any time. 

Carbon provides insights into users’ spending patterns and financial behavior, empowering them to make informed decisions about their finances. The app’s user interface is designed for simplicity and ease of use. 

With its combination of lending and savings services, Carbon aims to provide users with holistic financial solutions.


FairMoney is a mobile banking app that provides loans, bill payment services, and savings features. Users can save money at competitive interest rates, with the option to earn interest on their savings. 

The app also offers financial insights and tips to help users manage their finances more effectively. 

FairMoney’s simple interface and emphasis on financial inclusion make it a viable tool for individuals seeking to save and improve their financial well-being.


Chaka is an investment platform that enables Nigerians to invest in international stocks, ETFs, and other assets. Users can diversify their investment portfolios beyond local markets and gain exposure to global investment opportunities. 

Chaka provides real-time stock prices, investment research, and educational content to empower users to make informed decisions about their international investments. 

With its focus on expanding investment horizons and tapping into global financial markets, Chaka aims to provide users with a gateway to global investing.

Flutterwave (GetBarter): 

Flutterwave offers the “GetBarter” app, which combines financial management features with a virtual card for online transactions. Users can save and manage funds, send money to friends, and make payments using the virtual card. 

The app’s goal-oriented approach to financial management helps users track their spending and savings progress. 

GetBarter also provides insights into users’ spending habits and offers features like fund locking for specific purposes. With its versatility and virtual card functionality, GetBarter offers users a convenient way to manage their finances and online transactions.


Money-saving apps have transformed the way we approach our finances. These digital allies offer convenience, efficiency, and smart strategies to maximize savings. From automatic round-ups to personalized investment options, these apps cater to various financial goals and preferences. Embrace the power of technology and take control of your financial future with these innovative tools.

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