5 best personal finance apps to help put your finances in order

Last time, we spoke about inflation, and how it affects your personal finances. We also discussed some steps you can take to begin to protect your money from inflation.

Since we are focused on practical steps here, today we will be discussing simple and free apps you can use to start getting your finances in order and get up a few more steps on the financial freedom ladder.

There are hundreds of fintech apps available for use by the general public, however, very few are actually useful and provide clear utility.

I spoke to the team about the apps that have had a clear and visible impact on their finances and I have drilled it down to the best 5 that can help you improve your financial situation starting from day 1.

So in no particular order here are the best apps that can help you put your finances in order;

Spendee Budget & Money Tracker

Spendee is a budget and personal finance tracker that allows you to record all your expenses and income on the go.

It is very easy to get carried away and just start spending all over the place. Spendee allows you to understand exactly where all your money is going and also provides suggestions for how you can make changes and cuts.

You can also access trends analysis, showing you the spending category where you make your most expenses.

One thing we love about this app is that they send regular updates on how you are doing as well as educational posts teaching you how you can be better with money.

Piggyvest

Piggvest is one of the most popular financial apps in Nigeria, with close to 4 million users. Their app helps you to build up a saving culture, create locked and targeted savings, as well as access safe investment options.

The Piggyvest app helps you to place your own money out of reach which helps to build the discipline you will need if you are ever going to be financially savvy.

The best feature they have is their autosave feature which allows you to connect your bank account or card and get automatically debited at intervals you set.

Accrue

Accrue is a personal favourite of mine because it’s perfect for newbies in the investment space.

Accrue is an app for automatic dollar cost averaging (DCA) which is an investment strategy where you buy the exact same amount of a digital asset on a regular basis regardless of the price.

Everything is automatic, and you can either connect your card so they debit you automatically or load your wallet on a regular basis so the app can buy the asset for you based on your prefered frequency which can be daily, weekly or monthly.

On the Accrue website, you can use the calculator to see what you would have earned if you had started using the app from 6 months to 6 years ago.

Cassava

Casava is an app that makes it very simple for you to buy insurance for your personal needs like income and health insurance.

There is a saying in Nigeria that most people are one major crisis away from poverty, and this is partially because we don’t plan for these events and when they do hit us, we are ill-prepared for the challenge.

Casava makes it simple for you to access the best insurance options for your income level so you can be prepared for any emergencies.

Their income protection insurance allows you to protect yourself in case you ever lose your job, while their Health insurance and Healthcash insurance plans protect you when you fall sick, so you dont have to cover all the bills yourself.

H28

H28 is an app that helps you prepare for homeownership regardless of your current financial position.

Whether you want to buy a home today or in 10 years’ time, it’s certain you will need a loan or other form of financing. H28 helps you to understand your current financial position, how much of a loan you need as well as how long it will take to save towards a down payment.

The app provides an option to save towards your down payment through a locked account that generates higher than market average interest rates.

Once you hit your down payment target, the app connects you to multiple lenders so you choose the option that is best for you.

You also get access to discounts on new homes, alongside exclusive deals.

The best part about the H28 app is that while you are saving towards your down payment, you can access instant credit.

All your activities on the app help you build your credit score which is a major determinant for you to access housing finance when you are ready to buy that home.

So, these are our top picks for the top 5 best apps you need to start setting your finances back on track. What do you think? Have you used any of them? Which other apps would you recommend?