Herconomy savings

To Flex or to Save: Navigating Self-Investment and Savings

by Savings

Women have the power to shape their destinies, which includes taking charge of their finances. Many times, when it comes to managing money, it’s easy for women to get torn between two essential goals: self-investment and savings. For example, a wig that may upgrade a look could be worth a month and a half’s salary!

In this piece, we explore how we can balance self-investment and savings, allowing us to flex up while growing wealth simultaneously.

Investing in Self: The glow-up journey is not just a luxury; it's a necessity for personal growth and empowerment. Whether it's money spent on fashion, lifestyle, or hobbies, self-investment is one key to unlocking our inner happiness and showing our true potential. It helps to bolster confidence to break barriers and shatter glass ceilings.

Financial Freedom: Financial security is a foundation for a fulfilling life. Savings are not just for a rainy day; they are the building blocks of financial freedom. By cultivating a habit of saving, we gain the power to pursue our dreams, be it starting a business, buying a home, or embarking on a life-changing adventure. Savings grant us the flexibility to navigate through unexpected challenges, empowering us to seize new opportunities without hesitation.

Striking the Balance: The key to success lies in striking the right balance between self-investment and savings. A well-crafted financial plan is our roadmap to achieving both goals simultaneously. Start by identifying your aspirations and financial priorities. Allocate a portion of your income for self-investment, which would typically cover some of your feel-good items. Simultaneously, commit to saving a percentage of your earnings to build a safety net and accumulate wealth.

Embracing Financial Independence: Taking control of our finances is an essential aspect of achieving true independence. Women have the power to embrace financial autonomy, breaking free from traditional limitations. Establishing savings and investing in ourselves allow us to navigate life's challenges with confidence, resilience, and empowerment.

Building a Support Network: Empowerment is not a solitary journey. Surround yourself with a supportive community of like-minded women who uplift and inspire each other. Share financial tips, success stories, and strategies for balancing self-investment and savings. This is what you get at Herconomy. Together, we can conquer financial challenges and unlock the door to endless opportunities.

Herconomy’s POV
As women, we deserve to flex up even as grow our wealth. By embracing self-investment and cultivating a habit of saving, we can achieve financial empowerment and create a brighter future for ourselves and those around us. 

At Herconomy, we organise numerous capacity-building and wealth-creation programs to empower communities of women. We have a savings solution; an app we designed to help women grow their wealth. With us, you get 10% interest on your savings and kiss transaction charges goodbye. You can also save with communities of women in a way that enforces your relationships and commitment to financial freedom. Herconomy’s got the solutions you need, We were born with you in mind. 

Secure your future. Start saving today

Got questions? Contact us today at info@herconomy.com 

Herconomy

5 Parallels we can draw between the English Premier League and financial management

by Savings

It has begun!  Another football season has come with its chills, trolls, and unforgettable moments. Clubs like Manchester United and Chelsea have opened the season with some defeats, and, expectedly, BBC Yoruba did not spare either with its headlines. After Man-U’s loss to Tottenham Hotspur, the publication’s interpreted headline was, “Man-U did not score a goal; Tottenham turned them into a tied goat for slaughter.” Hilarious!

As fans around the world don their jerseys, fill up stadiums with cheers, and get ready for months of thrilling matches, it dawned on us that there are key football elements that resonate with our financial literacy message at Herconomy.

And we want to share them with you! 

So here are five running themes between world football and money management!

  1. Setting a Game Plan || Financial Goals

Just like a football team strategizes before a match, individuals can set their financial goals for the season. Whether it's saving up for a dream vacation, purchasing a new gadget, or building an emergency fund, having clear objectives is essential. Fintech tools like Herconomy can be your playbook, helping you track expenses, set budgets, and monitor progress towards your goals.

  1. Scoring Savings Goals 

Fintech innovations are changing the way we manage money, much like how technology has revolutionized football tactics. Savings apps can stash money in vaults until it gets to an amount required for your needs. These "virtual goals" are like scoring a goal every time you save – and the more goals you score, the closer you get to your financial targets.

  1. The Great Assist: Budgeting and Tracking

In football, assists are crucial for a successful goal. Similarly, our suite of solutions act as financial assistants, helping you budget effectively and track your spending habits. By categorising expenses and highlighting areas where you might be overspending, you can unlock insights to make informed financial decisions. If you want to score really good savings goals, you need great assists like those from James Maddison. This is what Herconomy does with its budgeting tool.

  1. Winning with Compound Interest: A Long-Term Strategy

In football, a winning strategy requires both short-term tactics and long-term vision. The same applies to finances. While celebrating small victories like saving on daily expenses, consider long-term investments too. Fintech-powered investment platforms offer opportunities to grow your wealth through strategies like micro-investing and automated portfolio management.

  1. Celebrating Financial Victories

Just as fans celebrate their team's victories, remember to celebrate your financial achievements. Whether it's reaching a savings milestone, sticking to a budget, or making wise investment decisions, these successes deserve recognition. Apps like Herconomy can help gamify your savings journey, turning financial discipline into a rewarding experience.

Herconomy’s POV

So, as you cheer for your favourite team and witness the excitement on the field, remember that you too can be a champion in your financial game. With Herconomy as your coach, you're well-equipped to make this season not only about football victories but also about achieving financial success.


At Herconomy, we organise numerous capacity-building and wealth-creation programs to empower communities of women. We have a savings solution; an app we designed to help women grow their wealth. With us, you get 10% interest on your savings and kiss transaction charges goodbye. Also, we have a PLANS FEATURE that allows you to co-save with your girls for important experiences like trips, dates and staycations. All you need to do is create a public plan within the app for you and your girls to save money there. And voila! You’re trip-ready! 

Herconomy’s got the solutions you need, We were born with you in mind. 

Secure your future. Start saving today