The first lesson many of us learn about money is that spare change adds up. But how can you take advantage of that when few people are using cash these days?
Even if you do most of your shopping online or with a card, you can make better use of your digital dimes and nickels with an app called Acorns.
Acorns takes the leftover change from your everyday purchases and invests it for your future.
Get paid $10 just for signing up
Acorns is an investing app and savings tool rolled into one.
When you buy something with your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and places the excess into a smart investment portfolio.
Let’s say you purchase a doughnut for $2.30. Before you’re done licking the sugar off your fingers, Acorns will round the amount to $3.00 and invest the 70-cent difference for you. That’s all there is to it.
Your spare change may not seem like much, but look at this 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.
Signing up for Acorns takes less than five minutes, and it’s only $3 a month.
But if you sign up with this special link, Acorns will add $10 to your account as soon as you make your first investment. So, your first few months are effectively free.
Portfolios by award-winning economists
Acorns will match you with one of its five different automated portfolios based on your unique financial goals.
These portfolios aren’t just your average work of algorithmic wizardry, however. They were put together with assistance from the very human, very Nobel Prize-winning economist Harry Markowitz.
And don’t worry, your portfolio is designed to automatically rebalance as the market changes, which means you can start investing today and won’t need to panic next time the New York Stock Exchange is in the headlines.
You’ll never pay trading fees, either.
Backed by Dwayne ‘The Rock’ Johnson and more
That’s right — superstars Dwayne ‘The Rock’ Johnson, Kevin Durant, and Ashton Kutcher are all shareholders in Acorns. What’s more impressive? Over 9.5 million people have already used the app to turn their spare change into money-making investments.
Sign up today and collect that $10 bonus just for getting started. Where your savings go from there is up to you.
1 Investors should consider the investment objectives, risks, charges, and expenses of the funds carefully before investing. This and other information are contained in the Fund’s prospectus. Please read the prospectus carefully before you invest. For additional important risks, disclosures, and information, please visit https://www.acorns.com/terms.