How To Take Advantage of The Modern Ways of Saving Money
The word saving is starting to sound almost impossible in today’s economy. A lot of Nigerians struggle to even pay for basic needs and it’s all due to ignorance and inadequate financial education.
If you are part of the 20% of Nigerians who are still using kolo, ajo and the rest to save your money when there are smart saving platforms like RentSpace Technologies, where you can save, earn, and achieve financial freedom effortlessly all with the help of technology.
In this blog post, I’ll show you how to take advantage of the modern ways of saving money. You’ll see how automation, secure savings, and loan top-ups can transform the way you manage money.
What Does “Modern Saving” Mean?
Modern saving generally means saving money using digital tools, financial technology (fintech), and innovative savings models. It removes the stress of manually saving money by setting up a system that does it for you. So, instead of constantly reminding yourself to save, technology helps you put money aside automatically, whether daily, weekly, or monthly.
Now, let’s dive into how RentSpace makes saving easier, smarter, and more rewarding.
1. Automate Your Savings with SpaceRent
Saving consistently is the biggest challenge for most people. You start with good intentions, but life gets in the way, and suddenly, your savings plan falls apart. That’s why automation is a game-changer.
With SpaceRent, you can set up automatic savings, whether daily, weekly, or monthly, and watch your money grow. The best part? You earn up to 18% annual interest, making your money work for you while you focus on other things.
By the time your rent is due, you won’t have to scramble for cash. It’s already there, waiting for you. No last-minute panic, no stress.
2. Avoid Spending Temptations with SpaceDeposit
Ever saved money only to spend it impulsively? You’re not alone. That’s why SpaceDeposit exists, it locks your savings for a set period, preventing unnecessary withdrawals.
Think of it as a digital vault that keeps your money safe until you truly need it. This feature is perfect for long-term goals like rent, tuition, or business investments. You’ll never have to worry about dipping into your savings for non-essentials again.
3. Stay Ahead of Inflation with SpaceExchange
Inflation is a silent killer of savings. Keeping all your money in naira means losing value over time. That’s why SpaceExchange allows you to convert and save in dollars, ensuring your hard-earned money retains its purchasing power.
With the naira fluctuating, having a portion of your savings in a stable currency protects you from economic uncertainties. It’s a simple but powerful way to secure your future.
4. Get a Loan Top-Up When You Need It Most
Even the best savers sometimes fall short of their target. That’s why RentSpace offers a loan top-up feature. If you’ve saved at least 70% of your rent consistently for 5–8 months, RentSpace will top up the remaining 30% to ensure you meet your rent deadline.
This means no more last-minute borrowing from friends or family and no sleepless nights worrying about rent. RentSpace bridges the gap, making sure you always have a roof over your head.
5. Enjoy a Secure and Seamless Experience
Security is a top concern when saving online, and RentSpace prioritizes the safety of your funds. Our platform uses bank-grade encryption, ensuring that your money and personal information are always protected.
With an easy-to-use app, transparent transactions, and instant access to your savings progress, RentSpace gives you complete control over your finances—all from your smartphone.
Final Thoughts
Saving money doesn’t have to be stressful. With the right technology, you can automate your savings, lock funds away safely, protect yourself from inflation, and even get a loan boost when needed.