Managing money can be tough, especially when you’re busy or don’t think you have any extra money to manage.
That’s where Acorns comes in. It’s an app designed to make saving and investing simple and automatic.
Right now, you can get a $20 bonus when you invest at least $5.
They usually only offer a $5 bonus, so this is a great time to get started and get the biggest bonus while it’s still available.
How to Get your $20 Acorns Bonus:
- Set up your Acorns account in under 3 minutes
- Set up Recurring Investments
- Make your first successful Recurring Investment (min $5) – get your $20 bonus within 10 days of following month
Since it started in 2012, Acorns has been helping people grow their money with minimal effort.
Here’s how it works and why it might be perfect for you.
What is Acorns?
Acorns is an app that helps you invest easily in two ways.
- You can choose to invest any amount of money you want on a daily, weekly, monthly or yearly basis.
- Acorns rounds up the amount to the nearest dollar and invests the extra change whenever you buy something. For example, if you spend $3.75 on a coffee, Acorns will round it up to $4.00 and invest the $0.25 difference. This way, you save and invest little by little without having to do much.
With over ten MILLION sign ups, I’d say they have a proven track record for being trustworthy and helpful.
How Does It Work?
To use Acorns, download the app and set up an account.
You’ll answer a few questions about your money goals and how much risk you’re comfortable with.
Based on your answers, Acorns will suggest an investment plan for you.
After setting up, link your bank account or cards to Acorns. As you make purchases, the app will automatically round up the amount and invest the extra change into a mix of stocks and bonds.
This mix is chosen based on your risk level, from safe to more adventurous.
Features and Benefits
- Automatic Saving: Acorns makes saving easy by doing it for you. You don’t have to remember to save money; the app does it automatically, helping you build your savings over time.
- Diversified Investments: Acorns invests your money in a variety of assets, like stocks and bonds. This helps spread out risk and can increase your chances of making money.
- Round-Up Boost: Acorns offers extra rewards through “Round-Up Boost.” When you shop at certain stores, you can earn extra cash that gets added to your investments.
- Found Money: The app also has a feature called “Found Money.” You can earn cash-back rewards from certain brands when you use Acorns for purchases. This cash goes directly into your Acorns account.
- Retirement Savings: Acorns has an option to open a retirement account (IRA). This helps you save for the future and get tax benefits.
Things to Think About
Acorns charges a monthly fee, depending on the plan you choose. There are also fees for retirement accounts and a checking account if you use those services.
Make sure to check these fees and see if they fit with your savings goals.
Acorns is a simple app that helps you invest and save money with little effort. By rounding up your spare change and automatically investing for you, Acorns makes it easy to grow your savings over time.
If you want a straightforward way to start investing, Acorns might be just what you need.
Leave a Reply