Acorns – Invest Your Spare Change & Grow Your Wealth


Acorns is a financial app that helps you to grow your money. The simple process of rounding up your purchases to the nearest dollar and investing the rest is amazing. By the time the end of the month rolls around, you end up with nice savings that can be withdrawn to your bank account or allowed to grow into the next month.

Investing your spare change

This feature is automatic, as you shop and make your everyday purchases, the leftover change turns into Round-Ups. Whether you are a big or small spender, when shopping with cash, the spare change usually gets left somewhere laying around the car or house. Acorns takes this concept to the next level by putting your leftover change to use. What a great way to automatically invest in your future as you spend.

Creating a Portfolio

Money from automatic roundups and recurring deposits that you define go into an investment portfolio that you create when signing up with Acorns. This Portfolio is a select combination of investments such as stocks and bonds. Going through Acorns quick setup wizard, it will ask you your financial situation and goals. Based on those answers, Acorns will recommend a mix of Exchange Traded Funds (ETFs) that will become your portfolio.

You have the option of choosing between 5 Portfolio types. Depending on your financial assessment through the Acorns setup wizard, you will have selected one of the following;

Conservative which consists of Short Term Government Bonds.

Moderately Conservative which consists of large & small company stocks, real estate stocks, government, and corporate bonds.

Moderate which consists of large & small company stocks, emerging market & real estate stocks, government, and corporate bonds.

Moderately Aggressive which consists of the same options as moderate, but more of your investments go into large company and large international company stocks.

Aggressive consists of large & small company stocks, emerging market & real estate stocks, and international large company stocks.

Earn found money

Another excellent feature for shoppers who spend at stores that are connected to the Acorns network is Found Money. Let’s use Dollar Shave Club for example. Every time you shop with this company, you will earn 5% of the total cost automatically. Acorns offer bonus investments when you shop with over 350 top brands. With Acorns it definitely pays to shop!

Available plans to choose from

Acorns have two plans to choose from. For $1 a month, you can signup to the Lite Plan which allows you to invest spare change and earn bonus investments when you shop with over 350 Found Money partners.

The Personal Plan at $3 a month includes all the features of the Lite Plan plus provides you with a Later Retirement account and a Spend Checking account. Later Retirement is the easiest way to save for retirement by helping you to regularly match your goals.

The Spend checking account comes with a debit card for making purchases in stores and online. Use this account for receiving direct deposit and transferring funds to other banking institutions. You are saving money with an account that has no fees. You also have the ability to earn more with up to 10% bonus investments.

Acorns makes investing easy and allow you to grow your wealth automatically. With Round-Ups and Bonus Investments from everyday shopping, daily, weekly, or monthly recurring deposits, and a growing portfolio of stocks & bonds, Acorns is definitely the financial software to consider for your future.

To get started, click here. Earn $5 for free when you signup today.


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