Squirrel Away Your Spare Change and Start Investing With Acorns

Want to start investing but a little nervous to get started?  We totally get it. Investing should be simple and easy and with Acorns you can get started with just some pocket change. Acorns is a great way to start investing and building wealth. We’re here to show how you how to get started investing without a lot of money, and then forget about it until you retire. What is Acorns? Each time you spend, Acorns rounds up to the nearest dollar and invests that amount for you.  So, if you spend $2.50 on a cup of coffee, Acorns will automatically invest $.50 for you. The pizza you just ordered that cost $15.05,  $.95 gets invested. All you need to do is download the Acorns app, connect it to your credit cards to get started. A lot of users are new to investing so the app provides a lot of guidance. There are also cool tools, that help you set and reach goals. By just entering your savings goals and what age you want to achieve them by and the app tells you how much you need to invest each month to get there. They also have found money partners program that rewards app users for shopping through certain retailers. When you making a purchase with one of their partners through the app or web portal, the retailer will send the rebate, cash back rewards, and loyalty programs cash into your account. What’s better than cash back? Cashback that is automatically invested. So, is pretty simple but let’s go a bit deeper. Advantages of Using the Acorns App They offer ETF’s, stock funds, and bond funds. The funds are chosen by a team of mathematicians and engineers who work in conjunction with Nobel Prize-winning economist Harry Markowitz. There are no commissions, the cost is $1 per month and a maximum of .5% a year on managed assets.  Once you reach $5000, the percentage drops to .25%.  There is no fee to add money or withdraw it from the account. Using Acorns is safe, your data is encrypted and they are working with “white hackers” to make sure that everything is private. You can maintain a high degree of control