Nowadays, with the help of new and innovative apps, investing money has never been easier! If you have taken the steps towards saving money, congratulations! The next thing you
should consider is investing in order to see your money grow. The thought of investing can
seem frightening and confusing for some, but it certainly doesn’t have to be. Acorns is an app
that works by micro investing your spare change in order to grow wealth. It offers several ways
to grow your money, but Round-Ups is the most popular.
Round-Ups invests your change from everyday purchases into your customized portfolio
which includes a mix of six different Exchange Traded Funds, or ETFs, which are made up of
stocks or bonds. To create a portfolio, you will be asked a series of questions, including your
financial situation and goals. You can then select how much or how little you want Acorns to
work by selecting anywhere from a conservative portfolio to an aggressive portfolio. Keep in
mind, the more aggressive your portfolio is, the faster your money will grow, but it will also carry
the most risk.
So how exactly do Round-Ups work? For example, let’s say you go to a coffee shop and
purchase a latte for $2.34, Acorns will round up your purchase to the next dollar amount, and
invest your spare change. In this case, you will have an additional .66 cents deducted from your
checking account, which will then be deposited into your Acorns account. Your investments are
diversified and split up to buy shares of individual stocks.
Here are some of the other ways that you can invest with Acorns:
Recurring investments can be set up to occur automatically daily, weekly, or monthly. So, you
don’t even have to think about it!
One-Time Investments are “boosts” to your account that you can do anytime. Whenever you
have some extra cash, you can add it to your Acorns account.
Found Money is money that is automatically invested in your Acorns account just by shopping
with more than 200 Acorns partner brands. When you make purchases at one of the Found
Money partners, a percentage of your total purchase or a dollar amount is added to your
When you refer a friend though the Acorns referral program, your friend receives an invitation
link. If your friend uses your link, both you and your friend will be rewarded with five dollars! The
reward is deposited into your account after your friend’s account has been fully approved and
they have made their first investment.
Acorns Later is the easiest way to save for retirement. When you sign up and answer a few
questions, Acorns will recommend an IRA and portfolio that’s right for you. You can choose to
make recurring contributions in addition to depositing extra cash whenever you want to boost
Acorns Spend is the only checking account with a debit card with Acorns built in that will save,
invest and earn for you. The Acorns debit card will round up your money automatically in real
time for everyday purchases. You can also use it to make purchases with their participating
brands and restaurants to automatically invest in your future. It comes with a retirement account
as well as all digital banking.
How great does this sound? It’s very easy to sign up and create an account! All you have to do
is download the Acorns app on the Google Play Store or App Store or sign up here
https://acorns.com/invite/7FB52N , answer a few questions and let Acorns do the rest. This really
is the simplest way to invest your money without having to do much work.
If you want to learn more about Acorns, check out their website at: https://www.acorns.com
Also, make sure to watch more on how to save, invest, and grow your money automatically by
checking out this video on the Keeping it Real with Credit YouTube channel: