We all want to save money.
But for many of us saving and investing can be complicated and intimidating.
Some of us just don’t have the time too figure it all out.
What if there was a way to save and invest without thinking about it?
Over the last year, I have been experimenting with ways to help make investing less complicated and intimidating.
To be able to save and invest without thinking
One of the things I have experimented with is a phone App called Acorns.
What Is Acorns?
About five years ago, Acorns decided to change the belief that investing was only for wealthy individuals. They believed that anyone should be able to invest and grow their wealth.
Today more than 2.6 million investors like you have Acorn accounts with a total of over $400 million in their accounts. These investors received over $8.5 million in dividends in 2017.
How Does Acorns Work?
Acorns is a simple smartphone app that works on both Apple and Android phones. This app connects to your debit and or credit cards, rounds up each of your purchases, and invests the change.
For example, if you purchase a Grande Mocha Frappuccino from Starbucks for $5.04, Acorns will round-up you purchase to $6.00 and automatically invest 96 cents.
With the help of Dr. Harry Markowitz, who has been called the father of Modern Portfolio Theory, Acorns created 5 investment portfolios which will help your spare change grow and gain dividends.
Acorns also allows you to add any amount of money to your account at any time, which gives you the ability to invest one-time gifts, bonuses, tax refunds, etc.
What Is The Benefit Of Acorns?
Acorns has created a fun and painless way to invest your spare change and to save for your future without thinking about it.
The benefit to you is that you can begin a simple savings and investment program today with very little effort. You don’t even need an initial investment to get started, just link one or more of your accounts and Acorns takes care of the details for you.
Acorns also offers various ways for you too add to your account and increase your investment over time.
If you are a hands-off investor, struggle to save, or just don’t know where to start Acorns can help.
I discovered the Acorns App on April 13, 2017. Since then my account has grown to $1572.38 which includes $15.78 in dividends and a total gain of $112.61.
During this time I have not missed the extra pennies from the roundups that have been invested in my account.
Based on my experience, I highly recommend Acorns to anyone who wants to start saving money using a simple automatic investing program.
Learn more about Acorns here.
Call To Action
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