In this era of digitalism, there are lot of apps out there serving different purpose. This is the beauty of the world we now live in, for every action or activity, there is an app out there that can help make the whole process a lot smoother and faster. Gone are those days when everything used to be manual, we have to physically get to places to make things happen, but a lot has changed. As long as you have a smartphone and it is connected to the internet, from any corner of the world, you can easily make use of services without moving an inch. It suddenly feels like the world is in our hands.
Over the years I have made use of different apps, each serving different purposes but there are some that I came across and ever since then we have been inseparable. Example of such app is known as piggyvest. Like I said earlier, there are lot of apps out there, ever since mobile banking has become a thing, lot of apps comes with different banking features. Most of these apps are known as fintech apps, apps that allows you to manage your finance from the comfort of your home.
We are all aware of the scrutiny that comes most banks, especially in those days when we have to get to the bank to get anything done. With mobile banking apps, it is a total game changer for users who knows how to utilise its features. I'm one of the few people that feel so reluctant to visit bank because there are places in my country where you have to travel miles to get to the branch of the bank you are using. Which means location can also be an hindrance when it comes to dealing with banks.
I came across piggyvest not by accident, a friend recommended the app. Unlike most fintech apps that focuses on keeping your money without you gaining anything significant from it, piggyvest app creates a user friendly system that helps users utilise their money in ways they feel comfortable with, no hidden fees or charges.
Piggyvest is one of the few apps that assisted me in cultivating a good Saving habit, there is a feature on piggyvest that allows you to save your money based on schedule. You get to select the date and times you want to save your money, then the system have a withdrawal date, I think about 4 withdrawal date in a year. So if you choose to withdraw your money before the withdrawal date, you will pay a penalty fee, in order for you not to pay a penalty fee, you will have no choice but to wait till the next withdrawal date, so that you can withdraw your money without paying any fee. While it is there, it also accumulate visible interest, which means while you wait for the withdrawal date, you also watch your money grow.
Which means you can save money for rent, tuition fee and any other life expenses. There is also safe-lock, this one is quite juicy, you get to lock your money for a period of time and receive an upfront interest. It is similar to fixed deposit we do in banks but the difference is that, with piggyvest, you won't have to wait till the due date before getting your accumulated interest, you get it immediately after locking your money. Which means you get to use the interest for whatever you want and also patiently wait for the due date of the money you locked. This feature is useful for those who have some amount of money they are not using and they feel like they might misuse it. So you can lock it up and enjoy instant interest.
Like I said, there are lot of features on piggyvest but what I like about this app and their team, it is there customer support system. it is swift, if you have any issues, just reach out to them through calls, e-mail or any of the social media handles, they would reply you instantly, it is like they are waiting for you to say something. It is the kind of app I would recommend to anyone willing to do more with their funds, they also have investment opportunities, it is called investify.
You get to buy something similar to stocks but it is not. It is like buying a tree, the maturity date has been set, so when the tree is ripe they sell it on your behalf. Before investing you already know the amount of profit you would get, so there is nothing hidden about it. There is a lot about the app I can't explain with words, you will understand while making use of it but it is definitely worth trying out.
This write-up was inspired by Indiaunited contest titled "One app that made my life easier" in indiaunited community.
Cover image - 𝖣𝖾𝗌𝗂𝗀𝗇𝖾𝖽 𝗎𝗌𝗂𝗇𝗀 𝖼𝖺𝗇𝗏𝖺
