Are you looking for Budgeting Apps in Nigeria that can help you control your spending? These applications listed here will help you easily control your financial affairs.
In our busy life and ever-changing world, technology has made it possible for us to do work and accomplished it in a faster and more efficient way, reducing energy, time along with other costs. Personal budgeting is a regular routine in our lives; however, few people take note of this.
The world of technology has listened and offered us methods for managing our money with ease and ease via mobile app development.
It’s great when you’re on top of your finances and in control of your expenses. Let’s look at the budgeting apps in Nigeria that can help you easily control your financial affairs.
Table of Contents
10 Budgeting Apps in Nigeria You Can Utilize To Manage and Control Your Spending
1. Piggyvest
Piggyvest is one of the first budgeting apps in Nigeria to help manage and control your money. It’s based on the simple and traditional idea of piggy banks, locally called kolo in Nigeria. It gives you the ability to use the piggy bank feature to reach your personal savings goals faster. There are other options for different needs like Target Savings which lets you save for various purposes like holidays, costs, and other occasions “SafeLock” protects your money by locking it in place until you have selected a certain amount.
This can assist you in avoiding impulse purchases; you also have the chance to invest by investing in small amounts that you can afford while receiving the same amount in return as you would with a co-investing option. Each option is scrutinized and protected by Piggyvest and you are able to keep track of the development of your investment. It app is a Nigerian application that is based in Nigeria and can accept all Nigerian debit cards.
2. GoodBudget
Goodbudget is also another budgeting app in Nigeria which employ the principle of shared envelope budgeting. Through its virtual tracking application, it lets you keep track of your family and friends by synchronizing budgets and shares.
However, it also allows you to save for major costs and pay off debt. With an easy-to-use interface, this app lets you categorize and distinguish your monthly expenditures from savings goals for the year and other expenses that are not regular.
It’s important to know that this app does not connect your transactions to banks, which means that for each amount that goes out or is brought in it is necessary to enter each transaction manually. Another benefit this app provides is that it can create custom reports that allow you to monitor budget trends and offers useful tips on how to make an effective budget and stay ahead of your costs. The app is compatible with Android or iOS devices.
3. PocketGuard
It’s an application for personal finance that gives you a simple budgeting overview. It can help you manage your money, bills, and subscriptions. Although other apps for personal finance attempt to give you ways to manage your savings and spending habits, PocketGuard simply shows you what you can do with your everyday spending.
It is designed to assist you in managing your spending habits after regular charges and subscriptions are paid. After signing up, the application will sync the financial account of your choice, and assist you to track the balance of your accounts. Paying with it for services will help you to stay ahead of the curve and negotiate lower rates.
Its AutoSave feature allows you to automatically save money; with the AutoSave you can automatically increase savings until you reach the amount you want to.
4. YNAB
Here come another awesome budgeting apps in Nigeria, YNAB which stand for you need a budget – YNAB is a financial aid for personal use that shows you the best ways to handle your budget. The principle is to give your dollar a reason. When a dollar is saved, it is put aside for a specific reason that could be short or long term. One of the benefits of this program is that it presents the user’s financial report and also syncs the transactions so that users can easily categorize their financial situation at glance.
It takes an active rather than reactive approach to budgeting. Every dollar you’re supposed to earn, you are assigned work to it, which is to invest or keep. With more than 1 million downloads, the app has gained popularity through its philosophical and educational approach to managing finances. Another good thing about this app is that It works with both Android as well as iOS devices.
5. Carbon
If you’ve had the misfortune of being in an emergency situation where you required only a tiny amount of money to deal with an emergency situation, but likely thought it wasn’t possible to get loans within such a short amount of time, you’ll appreciate this bit of positive news.
Carbon is one of the budgeting apps in Nigeria that you can download on your smartphone in order to get small money without the hassle and then have it transferred directly into your account within 24 hours or less. It was previously called Pay later, it is a personal finance and credit service that allows you to complete all kinds of payments to bills and funds transfers quickly.
It was designed to assist users in understanding their spending habits, and learning how to categorize the amount of money they earn and their expenses so that they can have total control of their financial situation. Through this app, it is possible to get an amount of a short-term loan starting at #10,000 and up to #500,000. It also makes it easy to transfer money, and get access to loans for the short-term as well, it provides users with the possibility to invest in Payvest and earn as much as 16% per year. Available on Google Playstore.
6. Expensify
This mobile and web-based app was developed by the world’s most renowned expense management firm with the same name. It was designed initially to allow anyone to analyze expenses reports. It’s a software program that permits businesses and individuals to keep track of and record expenses like travel, fuel, and so on. By snapping invoices for transactions, this program employs artificial intelligence to determine the specifics of the transaction and classify and save the cost.
Users can also download these reports based on their transactions of users. It has two payment options available to companies and individuals; either annual subscriptions or pay-per-use charges. One of the advantages of this app is that it allows you to change currencies to make international travel easier. Expnesify is another great budgeting apps in Nigeria that works with Android as well as iOS devices.
7. Financial Calculator
The Financial Calculator program can be useful in calculating the value of your future assets and the present values of financial assets. Certain of its features assist you to do financial calculations easily and in the comfort of your own home and comparing interest rates, evaluating auto and lease loans, figuring out how long it will take to repay debt, and determining the precise amount to pay for services you have rendered.
8. Unsplurge
You’ve had that moment at one time or another when we were tempted to spend occasionally on impulse and satisfy our desires. Then, once the utility is diminished, you begin to regret your spending spree and blame yourself for not having enough discipline. This is where unsplurge comes in as one of the best budgeting apps in Nigeria.
Unsplurge gives you an opportunity to be disciplined. It’s designed to motivate you to reduce your expenses by focusing on your goals. There’s no limit on the number of goals you decide to save money to fund. Simply record your savings and keep track of your improvement. You will also receive motivation and inspiration from your friends and family members as they encourage you and share their successes too. This app is designed exclusively for iPhones.
9. Personal capital
A personal capital tool for self-help provides two main functions: a free personal financial manager as well as a paid investing management program. The free option lets you monitor your assets, income as well as expenses, and investments through a single platform and receive investment advice on how you can optimize your portfolio and earn more money while the paid version often referred to as the Wealth Management tool offers more customized portfolio
Mint
Mint is also among the most popular budgeting apps in Nigeria for personal finance. The app has been praised for its user-friendly programs and user-friendly interface. A color-coded system offers an enhanced visual display that allows users to navigate the application effortlessly. This app for personal finance management lets users keep track of credit cards, bank balances, investments, loan balances as well as a variety of other transactions using one user interface.
One of the benefits of this application is that it syncs automatically the financial institution you use to monitor the user’s bills and sends continuous alerts to ensure that you are on top of the payments. Based on financial information and transactions, its functions permit users to set up categories, track budgets and establish financial goals.
It also encourages savings by suggesting the best deals on credit cards as well as insurance. It is claimed to be safe and secure by utilizing a variety of bank-level security and advanced features that can be used by financial institutions as well as high-level encryption. The software was initially designed for iOS however; an Android version has been released in recent times.
Conclusion
Personal budgeting is a regular routine in our lives; however, few people take note of this. It’s great when you’re on top of your finances and in control of your expenses. This is why we have helped you with the list of best budgeting apps in Nigeria applications that will help you easily control your financial affairs.