Oct 4, 2022
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If penny-pinchers are always giving you flack for your daily Starbucks habit, they’re missing out on more than just a morning treat.
With this simple trick, buying a fancy cup of joe can actually help your finances in the long run.
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Acorns can turn your spare change from everyday purchases — like that delicious latte — into savings for your future.
Your coffee could be making you money
Acorns rounds up the price of your purchases to the nearest dollar and the spare change you’d normally toss in your pocket to be lost in the washing machine is put into a smart investment portfolio.
Let’s say you purchase a cup of coffee for $3.40. Before you’ve stirred in the sugar, Acorns will round the amount to $4.00 and invest the 60-cent difference for you.
That may not seem like much, but look at the math: $2.50 worth of daily round-ups add up to $900 per year — and that’s before your savings earn money in the market.
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Investing made simple
Signing up for Acorns takes less than five minutes and you can start saving and investing for just $3 a month.
You don’t even have to worry about choosing stocks — Acorns will set you up for success with a portfolio based on your goals and risk tolerance.
When you sign up with this special link, Acorns will add $20 to your account as soon as you make your first investment.
Turn your caffeine habit into an investing habit today.
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Em Norton is a Staff Writer for Moneywise. Em holds a B.A. in Professional Writing from York University and has been writing professionally since 2019. Em's work has previously been published by Room Magazine, IN Magazine, Our Canada and more.
