Saving and investing are two of the most important financial principles that anyone who seeks financial stability should engage in. They help you build wealth, achieve your savings goals, and prepare for retirement. But it’s not always easy to do on your own – that’s where ALAT comes in.
ALAT is a digital bank and one of its most important features is the savings and investment feature which is designed to help individuals, businesses, and organizations of all sizes save money and invest for the future. ALAT App is ideal for anyone looking to create a secure financial future – whether you’re a student just starting in life or an established business owner seeking to maximize returns on your investments.
In this article, we’ll explore how savings and investments on ALAT work so you can make informed decisions about where to put your hard-earned funds.
Saving on ALAT
A lot of people struggle to save money on their own – setting goals, tracking spending, and staying disciplined can be a challenge. And the thought of trusting a savings app can be nerve-wracking.
ALAT makes savings easy with its intuitive savings features and plans. You can set savings goals, and keep track of your savings progress all in one place. And the best part? You get to choose how you save – whether in dollars or naira, savings accounts, lock up, or investment savings plans.
Investment on ALAT
Investment on ALAT gives you a great way to grow your savings, and get more value out of them. With an investment savings plan, you can save in dollars or naira and take advantage of the stock market’s potential for growth.
ALAT’s investment savings goals are designed to give you peace of mind knowing that your savings are safe and secure. You get access to world-class investment options, low charges, and the ability to save with friends – so you can make sure everyone’s savings goals are met.
How Does It Work?
One of the most attractive features of ALAT is its easy-to-use savings and investment tools. You can set savings goals, track your savings progress, and make investments without ever leaving the app.
The platform offers savings plans tailored to your needs and savings goals. With ALAT, you can set a target savings goal and the app will automatically allocate savings to reach that goal.
There are several saving and investment goals you can choose under the platform. They include:
- Fixed goal – This gives you an interest when you save for a new target.
- Dollar goal – This goal permits you to save your money in Dollars.
- Lock up – You can lock up your money by fixing a withdrawal date. So, no matter the emergency, you won’t be able to withdraw the money if it’s not the set date for withdrawal.
- Flexi goal – With this goal, you can save for a project according to your pace.
- Stash – Instead of leaving your money in your account idle, you can save using this goal and you’ll get interest on any amount you save.
- Investment – This goal helps you gain interest upfront when you save a huge amount for a long period.
Pros and Cons of Saving and Investing in ALAT
The pros of savings and investing in ALAT include:
- Easy to use savings and investment tools.
- Low charges.
- A wide range of savings plans tailored to your needs.
- The ability to save with friends.
- Access to world-class investment options.
On the other hand, there are certain cons associated with savings and investing in ALAT:
- No physical savings accounts.
- Limited access to financial advice.
- There’s no guarantee you will make a profit
How to Create a Saving Goal on ALAT
Creating savings goals on ALAT is straightforward. All you have to do is follow these steps:
- Download the ALAT app from your device’s app store
- Create an account and log in
- Select “Goals” from the dashboard menu
- Create a new goal by naming your goal.
- Select the type of goal and the amount of money you want to save.
- Set the target date to achieve the plan and your frequency.
- Pick the account you choose to save from.
- Click “Create Goal”
Conclusion
Saving and investing in ALAT is a great way to save for the future. ALAT’s savings and investment tools make it easy to track your savings progress, set saving goals, and invest in high-yield savings plans. The platform offers low charges, as well as access to world-class investment options.
What better way to save for the future? Get started today with ALAT and take advantage of savings and investment options that are tailored to your needs. All you need do is download the ALAT app, create an account, and start saving. You never know, your savings might be the key to unlocking a new life for you.
