Acorns Investing is a program you can do from your phone through their app or online. It is a spare change program that rounds up the amounts you spend and puts that difference into investments for you. So you spend $1.50, Acorns rounds it up to $2.00, and takes the difference of $0.50 and puts it into investments through the app. You get to choose how risky or safe you want to be in your investments. It will withdraw the funds when your round up amounts total $5.00 or more. You can also add scheduled investments for any amount you want.
Sign up and complete the account set up process and you get $5 to begin investing. No need to do any more than that if you don’t want to, it’s an easy $5!
If you are a student signing up using your .edu email, or you are age 24 or under, any fees they have are waived when signing up. You save $1/month!
Found Money awards you for purchases made to different stores with your bank account or debit card that is linked to Acorns. Some award a percentage of the purchase, others reward a specific amount. For example, shopping at Blue Apron earns $30 towards your investments. Or Dollar Shave Club earns 10% of what you spent towards your investments.
Grow is Acorns’ way of providing informative and educational resources to learn more about your finances, investments, the latest news in the financial world, debts, credit, and other topics. This is a great way to become more familiar with your investments and finances.