Acorns Review: App for Investing Your Spare Change

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Do you ever find yourself with a lot of spare change sitting around the house or in your wallet? Sometimes this change can add up over a long period of time. It would be nice if we put that change to good use instead of wasting it on nothing. The Acorns app is the perfect solution for this.

With Acorns your spare change can actually make you more money. In this article we will review Acorns and you can decide if Acorns is a good solution for you.

What Is Acorns?

Acorns is an investing app that takes the spare change left over from your purchases and automatically invests them.

It may seem like a small matter to invest change left over from our debit or credit card purchases but imagine how much money that change can add up to with 100s or even 1000s of purchases.

This invested change can grow to a large amount over time and since it's automatically invested for us the money is not just sitting there but it's actually making you more money.

This process is not something that we continually have to set up because the Acorns app does it automatically.


Is Acorns Trustworthy?

Acorns has a 4.7 out of 5 star rating on the app store with almost 600,000 reviews. Over the past couple of years the apps growth has been immense.

Acorns has over 7 million members who are investing their spare change everyday.

I'm sure you have seen the different Acorns commercials while browsing through youtube.

Acorns is becoming a very popular and fun way to invest because the company is so unique in its investment strategy.

Acorns Is Fun

When we are first starting out with investing it can be a daunting task. We can be very nervous and be unsure if we are doing things correctly.

Acorns takes all that stress away because you are not putting thousands of dollars in the stock market on a single trade.

You are using money that you never even notice is there, but can grow to a substantial amount over time.

This is a great way to get some skin in the game when it comes to investing. This may give you the needed confidence to work with even more complex investing strategies.

User Experience

Acorns offers a very clear and modern design. The sections are well laid out making the app very easy to navigate.

Being new to investing this app is very approachable and won't scare you off.

Customer Service

Acorns offers help to you if you have questions that need to be answered. You can take full advantage of the Acorns educational resources.

Secure Data

You will not need to worry about hackers getting to your valuable account information because Acorns has top of the line security to protect your assets.

The last thing you want to worry about when starting to invest is someone stealing your hard earned money.

How Does Acorns Work?

The Acorns app will round-up your expenses to the nearest dollar and then invest that change to help you reach your personal investment goals.

Acorns has an out of sight, out of mind strategy when it comes to investing your money.

When you sign up with Acorns you can work with a debit card account and also a retirement account.

You can also get a $10 sign-up bonus when you first start using the Acorns app.

Why Choose Acorns?

  • Great beginner investing app
  • Easy and fun to use
  • Automatically invests your change
  • Low stress investing

Acorns Features

The minimum investment to join Acorns is $0. Acorns offers a traditional IRA and a checking account.

Scheduled Deposits

You can let Acorns know how and when you want your money to be deposited.

Round-up Multiplier

You have the option not just to round up to the dollar, but to also multiply the investment by 2, 3, or even by 10.

Acorns Gift Cards

There are $25 digital Acorns gift cards also available. This is perfect if you have a friend you want to introduce to investing.

Get Acorns Help

Acorns offers to help you learn about its features. It has an education section that will teach you the basics of investing.

How Much Does Acorn Costs?

An Acorns account costs $1 per month for accounts under $1 million. For accounts over $1 million the price is 0.25% per year.

Take advantage of the Acorns app if your under 24 and in college because it is free for those who fall in this category.

For an IRA account Acorns charges an additional $1 per month. To use the Spend and Later features the price is $3 per month.

So Acorns is very cheap to use. The amount of money that you earn from saving and investing your spare change will easily cover these fees.

In the long run the small fees are more than worth it because your investing of spare change can start to quickly compound making good money for you.

Steps To Create an Account:

  • Choose a round-up account
  • Connect your checking account
  • Create an Investment account

List Your Reasons for Investing:

  • Long-term investments
  • Short-term investments
  • Major purchase
  • Children
  • General


So if you have been hearing about the Acorns app but have been unsure about what it is, hopefully we were able to help you get a clearer picture.

You can use this fun and easy way of investing to automatically control your portfolio. This is awesome especially for new investors.

Acorns can be looked at as a sort of piggy bank for adults but you don't have to remember to put the money in because it happens behind the scenes.

Head over to Acorns and sign up if this sounds like the perfect investment app for you.

We wish you the best in your journey to grow your finances in as many ways as you can so that you can fully live the life that you deserve.