We all have that one thing we’ve been eyeing. Maybe it’s the latest iPhone, a much-needed kitchen appliance to make cooking easier, or perhaps a dream vacation to Zanzibar to finally de-stress. But let’s be honest: sometimes there’s a disconnect between building the funds for these goals and actually making the purchase happen.
That is why we built GetIT — a new lifestyle-focused savings feature that allows you to save towards specific products (like gadgets and foodstuffs) and experiences (like vacations and birthdays) directly within the Piggyvest app. Instead of just saving money in the abstract, you can now anchor your savings to concrete goals and get the items delivered to you once you hit your target.
This feature is a massive shift from “saving money” to “saving for a life you want.” In this article, we’ll break down exactly what GetIT is, why it is the inflation hack you need right now, and how you can start using it today.
What is GetIT?
GetIT is a savings feature built around a curated catalogue. It transforms the way you save by allowing you to commit funds from your Flex Naira wallet, PiggyBank, or PocketApp towards specific items over a defined period.
Think of it as a structured payment plan for the things you actually want. But unlike traditional layaway plans, GetIT offers you exclusive rates on curated items.
By anchoring your savings to a specific item (whether it’s a gadget or a travel experience), you get to enjoy a disciplined savings structure that removes the pressure of coughing up a bulk sum at once. Once your savings goal is complete, the item is fulfilled and delivered to you.
But how is GetIT by Piggyvest different from Target Savings?
While Target Savings is open-ended and allows you to save towards any general financial goal you create, GetIT is designed for specific, curated items sourced from verified vendors. With GetIT, you aren’t just saving for a “trip”; you are securing the exact flight and hotel package from day one.
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Also, unlike Target Savings, GetIT doesn’t generate interest. Every payment goes directly towards the item you’ve chosen.
Why did we build GetIT?
If you read the Piggyvest Savings Report 2024, you know that inflation over the last two years has made the purchasing power of the Naira unpredictable.
But we also noticed a disconnect. While many of you are successfully building financial discipline through abstract savings on Piggyvest, lifestyle purchases like holidays, gadgets, and gifts often happen impulsively outside that structure. This kind of impulse buying can derail your finances. We built GetIT to help you accommodate these purchases in your financial planning.
By offering structured plans and locking in below-market prices, we help you capture those high-intent purchases without breaking the bank. It’s about being intentional with your spending while beating inflation.
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What can you get on GetIT?
We’ve curated a list of high-demand items and experiences to kick things off. When you open the GetIT section of the Piggyvest app, you’ll see a variety of categories — including Travel, Home Appliances, and Gadgets.
Here are just a few of the items you can start saving toward right now on GetIT: an iPhone 17 Pro Max, a 1-week trip to Zanzibar, a Maldives Couple’s Trip, and Smart Air fryers.
Each item details the daily, weekly, bi-weekly, or even monthly savings requirement, so you know exactly what you need to commit to.
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How does GetIT work?
Using GetIT is simple and seamless. It integrates perfectly with your existing Piggyvest wallets and the PocketApp.
Here is how to set up your first GetIT plan:
- Update your app: GetIT is currently available on the Piggyvest mobile app, so ensure you have the latest version installed.
- Navigate to GetIT: Tap the “GetIT” icon on your screen.
- Browse the Hub: Explore the curated marketplace and select an item.
- Configure your plan: Choose your savings frequency (Daily, Weekly, or Bi-weekly) and set your start date.
- Select funding source: You can fund your plan from your Flex Naira wallet, PiggyBank, linked bank card, or your PocketApp account.
- Start saving: The system will automate the deductions. Once you hit your target, you confirm your delivery details, and the item is yours!
To help you reach your goals faster and stay disciplined, we built two unique mechanisms into GetIT:
- Quick Save: Did you just get a bonus or a cash gift? You don’t have to wait for your next automated deduction. You can use the “Quick Save” feature to add funds instantly to your plan, and the system will automatically recalculate your remaining payments to help you finish faster.
- The Breakage Fee: GetIT by Piggyvest is built for commitment. To encourage you to stick to your goal, there is a 5% breakage fee if you decide to cancel the plan before completion. This ensures you stay focused on the prize!
Earn cash rewards when you refer friends
We know that good things are better shared. That is why GetIT comes with a referral system that pays you.
Each item on GetIT generates a unique referral link. When you share this link with a friend and they complete a purchase of that item (after finishing their savings plan), you earn a 2% cash reward based on the value of their purchase.
It’s simple: you help your friends achieve their lifestyle goals and you get paid for it. You can track all your referral earnings directly in the Rewards Dashboard within your Piggyvest app.
Get started today
GetIT by Piggyvest is a feature designed to help you afford the life you want without compromising your financial health. So, do you have a dream item you’ve been dreaming of? It’s time to get it!
