How To Improve Your PiggyVest “W.A.E.C” Score

4 min readJul 15, 2019

By now, you should know your “PiggyVest W.A.E.C” score, if you don’t, visit to view yours.

The acronym W.A.E.C means “Wealth Accrued & Expanded Consistently”. It is graded similarly to the West African Examination Council (“WAEC”) that most of us took in Nigeria before graduating from secondary school. Sorry, if you got unwanted flashbacks lol

The goal of the “PiggyVest W.A.E.C” score is to help you understand how well (or not) you’ve been doing with your savings and investments, and what areas you need to work on.

What do the scores mean?

The “Piggyvest W.A.E.C” score is broken down into 6 categories:

A1: Go ahead and pat yourself on the back if you scored this, ‘that’s how star do’

B2: Not too bad. Can do better with saving consistently

C3 — C5: If you scored any of these, it means you are withdrawing way more than you should and aren’t consistent with saving.

C6: This is equivalent to an F. Scoring this means you either have not saved all year, or you withdrew way more than you saved or invested.

Like these:

Now, that we’ve gone over the what the “PiggyVest W.A.E.C” score is, why it’s important and what the scores mean, you might be wondering, how do I improve my scores?

How to improve your score

Save more, save frequently

One of the easiest ways to increase your score is to save frequently. Saving frequently not only helps you increase your score, it also gives you the opportunity to earn more interest.You can save as little as N100 daily. Using the Autosave feature on the Piggybank savings (former Core Savings) can help you save consistently with ease.

By turning on your autosave, you set the rules. You set the frequency with which you want to save, how much you want to save and how much you’re saving towards. If you don’t want to do this, you can use the Target Savings, which allows you save towards a specific goal. You can also have multiple target savings. The more consistently you save, the higher your score can be, and the more PiggyPoints you earn ;-).

Withdraw less

Withdrawing, ah everyone’s Achilles’ heel! It’s so tempting to withdraw when the money is right there, even when you haven’t reached your target or it is not your free withdrawal day. One of the fastest ways to increase your PiggyVest W.A.E.C score is to not withdraw.

We know this is easier said than done, so here are three practical ways to avoid withdrawing too frequently:

  • If using Piggybank savings (formerly known as Core Savings), withdraw only on your free withdrawal day (you get four of these a year). And if using Target savings, don’t break your target until you accomplish your goal.
  • We understand that emergencies can happen, that’s why we expanded PiggyFlex. With PiggyFlex, you can stash money you don’t want to touch right now, but will probably need within 30 days, for example your DSTV subscription fee, or internet bill etc. Think emergency funds, think PiggyFlex.
  • Be honest with yourself when you’re saving. It’s tempting to over save, but with over saving comes reckless withdrawing.

Diversify your savings and investment

Variety is the spice of life they say, and we definitely encourage you to try various savings plans on the app. We know you might be a Safelock loyalist or a Target Savings fanatic, but you don’t know what you’re missing by not trying out the other savings plans on the app.

And finally, invest. We simplified investment for you and made it easier to invest in low-medium risk instruments for as little as N5000. Don’t worry, all instruments listed undergo thorough due diligence, and are pre-vetted for your safety.

That’s all for now! We hope you implement some of these tips, we look forward to seeing you all score higher on your PiggyVest W.A.E.C results in December!




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