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Digital tools to manage your money better in 2025

By toro Oladokun

05 January 2025   |   9:32 am

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As the new year unfolds, it’s the perfect time to take charge of your finances with cutting-edge digital tools designed to simplify your money management. With user-friendly interfaces and powerful features, these applications make managing money not only effortless but also enjoyable. Embrace these digital tools to transform your financial journey this year. Managing money…

As the new year unfolds, it’s the perfect time to take charge of your finances with cutting-edge digital tools designed to simplify your money management. With user-friendly interfaces and powerful features, these applications make managing money not only effortless but also enjoyable. Embrace these digital tools to transform your financial journey this year.

Managing money effectively goes beyond just paying bills on time—it’s about gaining clear insights into where each naira goes, setting achievable financial targets, and planning for the future. Money management apps can help you budget, record every expense, invest in assets, and even automate your savings. Some focus primarily on planning and spending, while others offer more advanced features like stock trading or goal-based savings. Whichever you choose, these tools are designed to make managing your finances more straightforward and transparent, helping you avoid surprises and guiding you toward long-term wealth.

Budget planners

A dedicated budget planner app helps you outline monthly income, set spending limits, and watch your progress in real-time. Popular apps like Spendee and You Need a Budget (YNAB) let you allocate funds for essentials—like rent, food, and transport—while leaving room for savings and fun activities. Some apps sync to your bank accounts, updating balances automatically and sending timely alerts when you reach your limits. By offering a bird’s-eye view of your finances, budget planners encourage careful spending and consistent saving throughout the year.

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Expense trackers

An expense tracker records every transaction, giving you a detailed overview of where your money is going. Many people use Google Sheets, Microsoft Excel, or even their notes app for a hands-on approach, while others prefer smartphone apps like Monefy or Expense Manager for automated categorisation. Whether you’re logging business expenses, groceries, or entertainment costs, expense trackers highlight patterns you might otherwise miss. Keeping a close eye on these details helps curb impulse buying and makes it easier to adjust your habits, ensuring you stay within budget and build better financial discipline.

Investment apps

If you’re ready to grow your wealth, investment apps offer access to stocks, bonds, mutual funds, and other assets right from your phone. Options like Bamboo, Risevest, or Trove cater to both beginners and experienced investors, often providing educational tools for those unfamiliar with the market. These apps allow you to diversify your portfolio, track performance in real-time, and stay updated on relevant financial news. By offering low barriers to entry and user-friendly dashboards, investment apps demystify the process of building a strong, forward-looking financial foundation.

Automated savings apps

For many people, the biggest obstacle to saving is remembering to do it regularly. Automated savings apps like PiggyVest, CowryWise, or a direct debit from your bank solve this by scheduling transfers from your main account into a dedicated savings or emergency fund. You can choose daily, weekly, or monthly intervals, set specific goals, and monitor progress with minimal effort. Many also offer higher interest rates than traditional bank accounts, boosting your incentive to save. This “save first, spend later” approach ensures you consistently build a financial safety net without relying on willpower alone.

With the right combination of budgeting, tracking, investing, and automated saving, you’ll have a clear roadmap for reaching your financial goals in 2025 and beyond. Whether you’re just starting your money management journey or looking to refine an existing plan, these digital tools are a straightforward way to keep your finances on track.