Table of Contents: Introduction How Does It Work? Why Is Social Accountability Important? What Are the Benefits? Conclusion FAQ

PiggyVest's Accountability Partner: Stay on Track with Your Savings

Is saving money a struggle? PiggyVest addresses this challenge with their Accountability Partner, a helper designed to provide support and motivation in your saving efforts. This tool involves a friend or relative, using the power of social connection to help you stick to your goals.

Introduction

PiggyVest, a popular platform for savings also investments, now offers a feature to add accountability to your financial journey. It lets you bring a trusted person into the process of reaching your financial targets.

How Does It Work?

The Accountability Partner feature allows you to select someone you trust. This person gets notified by email or SMS if certain events occur, like when you break your PiggyBank or withdraw too much from your Flex wallet. However, that person does not have access to your funds or account data. That way you stay in charge of your money decisions. How do you use the feature? This is a guide:

• Add a Partner - You have to add them through the Accountability Partner dashboard on the PiggyVest application.
• Notification System - The partner gets alerts only when specific actions happen, such as you breaking a savings goal or over-withdrawing.
• User Control - You, as the user, maintain absolute control over your account, as well as your funds, in that the partner remains only a helpful presence.

Why Is Social Accountability Important?

Research reveals that individuals stick to their targets more often when someone knows about their progress. This is called social accountability. By involving a trusted person, you benefit from a gentle nudge when you get off track. This helps you be consistent furthermore motivated.

What Are the Benefits?

PiggyVest is committed to you reaching your financial targets through helpful support. What are the benefits of this feature?

• Motivation - Knowing someone sees your progress is a powerful motivator, encouraging you to save.
• Privacy - This feature has you in mind so that the partner cannot access or manage your money.
• Flexibility - To use this feature is up to you. If you are hesitant to involve a partner, that is okay!

Conclusion

The Accountability Partner offers you extra support, as well as motivation so that you remain on track with your financial targets. PiggyVest seeks to provide methods which foster better money practices and stability. Overall, the Accountability Partner becomes a great addition to PiggyVest’s array of money-saving implements, providing you with a blend of encouragement, as well as assistance to help you to hit your financial targets.

FAQ

Does my accountability partner have access to my money?

No, your accountability partner only receives notifications about certain activities related to your savings goals. They cannot access your funds.

Is this feature mandatory?

No, using the Accountability Partner is entirely optional. You choose whether or not to use it.

How do I add or remove an accountability partner?

You add, also remove, an accountability partner through the Accountability Partner dashboard within the PiggyVest app. Resources & References:

1. https://blog.piggyvest.com/save/piggyvest-wallet-would-date/
2. https://www.instagram.com/reel/DFfrj06tetr/
3. https://blog.piggyvest.com/money-tips/saving-goals-nigerians-can-achieve-before-2024-ends/
4. https://dratech.org/piggyvest/
5. https://canvasbusinessmodel.com/blogs/owners/piggyvest-who-owns