Sometimes the hardest part of saving is actually doing it. With Acorns' automated tools and hands-off investment practices, it's easy to start investing without knowing a thing about ETFs, stocks, bonds, or real estate. Investing can be extremely complicated, so some people avoid it altogether. Acorns Early is available at the $9/month tier. You can set up accounts for multiple kids at no additional cost. But the funds must be used to benefit the child. You can withdraw from an Early account at any time without penalty. The account will be in your child's name. You can start investing for your kids with $5. Give your children a head start in investing by setting up UTMA/UGMA custodial investment accounts for them. The list of partners changes frequently, so you'll get more opportunities to earn. After 60 to 120 days, the rewards will show up in your account.

You automatically get cash back when you use your linked card to make a purchase. And there's even a Chrome extension for online shopping.Īll this takes no effort on your part. The retailer contributes 1% - 2% of your purchase into your investment account. This unique feature lets you can earn extra money when you shop.Īll you have to do is shop with Acorns' 15,000+ brand partners like Chevron, Nike, or Walmart. Or, you can manually transfer a lump sum to your account starting with just $5. You'll grow your investments a lot faster this way.Īcorns also supports daily, weekly, or monthly recurring deposits. Instead of just rounding up to the next dollar, you can multiply the spare change by 2x, 3x, or 10x. You also have a Round-Ups Multiplier option. Round-Ups help your account grow steadily as you go about your daily life. If you buy lunch for $5.25, Acorns rounds it up to $6 and invests the difference (75 cents). That change is put in a diversified portfolio based on your age, time until retirement, financial goals, and risk tolerance. Whenever you make a purchase with your linked card, Acorns rounds up the transaction to the next dollar.

How Does Acorns Work?Īcorns automatically invests your spare change with their Round-Ups feature. If you're only relying on investing spare change, your investments won't grow that fast. What's the catch? Since Acorns charges a flat management fee of $3 - $5 per month, the catch is that this could be high if you only have a little bit of money in the account. If you're new to investing but want to start, check out all of the app's features below. If you're ready to finally save and invest your money, visit Acorns to get started.Īcorns truly aims to make investing accessible. It's a great way for young adults with no 401(k) or retirement account to save and invest money passively. Who Is Acorns Best For?Īcorns is perfect for new investors or those who don't have the time to figure out the stock market. With Acorns, you can easily build your investment portfolio and work towards your financial goals. Shortcut: Acorns is a user-friendly and convenient option for those looking to start investing with just a few dollars.ĭespite the fees, the benefits of the app make it a worthwhile consideration for beginners on a small budget. Find out if it's worth your hard-earned money below. You can open a checking account, save for retirement, and even invest for your children.īut there are some fees and other drawbacks to watch out for. It's completely hands-off and requires no work on your end. This micro investing app lets you get started with spare change. Many beginners on a small budget are fans of Acorns. And you don't need to know stock market lingo. Truth is, you can start investing with a few dollars. The two biggest investing myths holding people back:

Good for young investors to get into the habit Investment app that automatically invests your spare change.

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