Acorns to Invest Spare Change


What is Acorns?

Acorns is a new innovative investing app that emphasizes their ability to allow users to “round up” their everyday purchases and invest that spare change into a portfolio of their choosing. After you download the app you would link your bank account and, to use the round up option, a debit card. After each swipe, the charge is rounded up to the next dollar, and once you reach $5 of round ups, the amount is sent to your Acorns account.

On their website, Acorns offers five different portfolio options ranging from conservative to aggressive, which you are free to choose depending on the level of risk you are willing to take.  Within each portfolio, Acorns has six ETFs to help investors achieve their desired investment strategy and displayed their respective asset allocations.   The conservative option has a larger allocation of bonds while the aggressive option has more large cap and real estate stocks.

Acorns at a glance

Account options  Acorns offers individual non-retirement accounts only
  • Each Acorns portfolio is made up of six ETFs, with expense ratios ranging from 0.05% to 0.20%.
  • You cannot invest in individual stocks, mutual funds, bonds or other securities through Acorns.
  • $1 per month on account balances of less than $5,000 and 0.25% per year on account balances of $5,000 or more
  • College students invest for free for four years from date of registration (with an .edu email address).
Account minimum  $0; must have $5 account balance to begin investing


Pros and Cons


  • Low commision for accounts under $5000
  • No minimum amount required to finally start investing!
  • App design is simple, sleek, and incredibly user friendly
  • Requires minimal investing knowledge


  • Commissions for Accounts over $5,000
  • Lack of Investment Options 
  • Lack of Investment Account Options 


Bottom Line On Acorns

I like it. I think this app is a good way to get started investing with small amounts of money. And is perfect for sending some of that beer money over to let it work for you there. When your account gets to $5,000, you may choose to take your money out and put it somewhere else but until then it’s a pretty decent option in terms of simplicity, and low buy-in. By joining using my referral link, and you and I both get $5 when you join, or use this non-referral link here.

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