Mom said you should save, so you should save…
Last week, we launched Kolo — a new feature in partnership with Piggybank.ng — to a gathering of friends, colleagues, and clients at 355 Lounge.
Like we shared in our last post, Kolo exists to encourage you to be more disciplined about your savings and to help you keep the promise you made to your money.
Looks pretty easy on paper, but if we’re being honest, putting money aside every month is hard work. One of the ways to stick to your goals is to automate your bills and savings. Think of automation as your better angel, guiding you through the promises you made to yourself, — see we have never met someone who said, “I don’t want to save.”
This tool makes it pretty easy to put money aside.
Automating your Savings in a digital world
In the middle ages, people stored money in kitchen jars and pots. Now, you can have an amount of money, of your choice, deducted from your salary and transferred to a digital wallet and unlike the old piggybank, you cannot break it so easily, keeping your money in longer means you earn more interest; an incentive to save more.
Kolo is one of the cool features we have on Verifi. If your employer already uses it, start saving today. If they don’t introduce them to it; we plan to connect the dots at the intersection of life and salaries and add more value. Salaries trigger a lot of things, they power life — it is such an interesting conversation.
Automating your savings keeps you disciplined, frees up your time, and gives you an umbrella for a rainy day.