Free for college students. (What about the rest of us?)

Have you ever heard the expression “a little goes a long way”?

ALSO READ: Stash App Review: Free $5 when you open account today

Everyone has heard of that expression as a result of it’s true.

Do you battle time after time to construct your financial savings?

If you battle, that’s since you are human.

Maybe you’ve got tried all the pieces however can not appear to kick your unhealthy spending habits.

We get it – saving cash is tough!

The thought of investing can paralyze individuals as a result of it’s…

…both too overwhelming or requires an excessive amount of cash.

After all, you’ll put aside time in the future to:

  • Save cash to speculate
  • Learn the best way to make investments

…you’ll try this, proper?

Maybe you will; however the truth is, many individuals plan to speculate however by no means observe by way of.

And even in case you do observe by way of, you’ll miss out on the advantages of getting started as quickly as attainable (compound curiosity, anybody?!).

If solely there have been a approach to take away the excuses and to start making nice investments at present.

Fortunately, there may be one firm that has promised to permit you to just do that.

That firm is known as Acorns, and they’re dedicated to serving to you.

Are you but?

Did you realize? Acorns is Absolutely FREE for college college students. Click Here to get the provide at present.

* this gained’t final eternally


For folks that discover saving cash tough, micro-investing could be a life-saving device.

Investing small quantities could make a BIG distinction over time.

So, as a substitute of placing your spare change away or spending money that you simply discover…

…why not make investments that cash?

Acorns is one of our favourite micro-investing platforms on the market at present as a result of it’s an efficient device to avoid wasting more cash.

The firm makes a speciality of changing your digital “spare change” into future wealth.

Most individuals don’t even notice that the cash is lacking (and be saved).

If you’ve got bother saving and investing like most Americans, this will likely sound good for you.

But, earlier than you determine to blindly sign-up, we would like you to find out if Acorns is certainly good for you.

This evaluation offers you all the pieces that that you must know about Acorns and the way it can (or can’t) profit you.

So, let’s take a more in-depth look. Shall we?

Acorns Review Overview

Acorns is an award-winning saving and micro-investing app based by a California-based father-and-son duo in 2014.

The objective of the firm is to encourage you to economize by routinely investing your spare change.

Automatically investing spare change removes the psychological roadblocks and anxiousness that are likely to come up for newbie traders.

The firm does this by taking a robo-advisor and merging it with an automated financial savings device.

Simply start by linking your debit or bank card (as many as you need).

As you make your common purchases, the app rounds up your change to the subsequent greenback.

This technique of saving cash is painless since you are spending lower than one greenback with every deposit.

Once your spare change reaches $5, the cash is withdrawn out of your account and invested right into a portfolio of exchange-traded funds (ETFs).

Everything is finished on-line and is totally automated.

This distinctive method goals that will help you effortlessly save extra. The ease of this course of has confirmed to be an effort nice start line for new traders.

Stay tuned as a result of we’re about to let you know the way all of this even works.

How Acorns Works

This part will take you from sign-up to investing cash (which might all be accomplished at present).

Eligibility necessities

First, let’s just be sure you are eligible for an account.

You should meet three eligibility necessities to affix Acorns:

  1. Be not less than 18 years previous
  2. Be a resident of the United States
  3. Have an energetic checking account


Signing up for an account is a straightforward course of that takes about 15 minutes to finish.

You can open your account for free on the web-based platform or cellular app.

Start by visiting the Acorns website or downloading the app from iTunes, Amazon, or Google Play.

Then, select a novel, 4-digit PIN entry code that you should use to log into the app.

acorns create account

To arrange your account, you’ll start by finishing the following steps:

  • Enter your private data
  • Link your checking account
  • Set up your monetary targets
  • Indicate your threat tolerance

All of this data is utilized by Acorns to help you later on this course of.

And as soon as your account is prepared…

…it’s time to choose a portfolio!

Choose your portfolio

Acorns will suggest a portfolio based mostly on:

  1. Employment  Status (i.e., pupil, self-employed, retired, full-time, part-time, or unemployed)
  2. Net Worth
  3. Timeframe (i.e., how lengthy are you saving for?)
  4. Investing Goals (i.e., retirement, vital purchases)
  5. Yearly Income

You may also select from 5 totally different causes for investing:

  • Long-term funding
  • Short-term funding
  • Major buy
  • Children
  • General

Keep in thoughts that Acorns will suggest one of 5 funding portfolios, however you possibly can in the end select any portfolio that you really want. You may also change portfolios at any level.

Here are the 5 funding portfolios to select from:

Conservative: Stock 18% | Bond 80% | Real Estate 2%

Moderately Conservative: Stock 36% | Bond 60% | Real Estate 4%

Moderate: Stock 54% | Bond 40% | Real Estate 6%

Moderately Aggressive: Stock 72% | Bond 20% | Real Estate 8%

Aggressive: Stock 90% | Bond 0% | Real Estate 10%

Each portfolio identify is designated based mostly on totally different ranges of threat tolerance.

The “aggressive” portfolio is a excessive risk-high reward proposition, and the “conservative” portfolio is a low risk-low reward proposition.

Again, the portfolio that’s proper for you is dependent upon your solutions given when establishing the account.

In common, if you’re extra risk-averse, you may be invested in additional conservative belongings (i.e., bonds) and vice versa.

Low-cost ETFs comprise every portfolio and are from Vanguard and BlackRock.

These are the ETFs which can be out there by way of Acorns at present (topic to vary):

  • Corporates Bonds: iShares iBoxx $ Investment Grade Corporate Bond ETF | LQD
  • Government Bonds: iShares 1-3 Year Treasury Bond ETF | SHY
  • Small Company Stocks: Vanguard Small-Cap Index Fund ETF Shares | VB
  • Real Estate: Vanguard REIT Index Fund ETF Shares | VNQ
  • Large Company Stocks: Vanguard 500 Index Fund ETF Shares | VOO
  • Emerging Markets: Vanguard Emerging Markets Stock Index Fund ETF Shares | VWO
  • Int’l Large Company Stocks: Vanguard FTSE Developed Markets Index Fund ETF Shares | VEA

From right here, be ready to pick which asset class to spend money on, click on “Confirm Portfolio,” and you’re good-to-go!

There isn’t any minimal to open an account…

…however that you must spherical as much as $5 to start investing.

But it’s best to have the ability to save $5 in no-time with the assist of this app.

In truth, ‘Round-Ups’ are typically how you fund your funding accounts.

You can start rounding up by linking your debit and bank cards to your Acorns account.

When you make a purchase order, the firm will spherical up your buy to the subsequent greenback and withdraw the steadiness to be invested.

You can withdraw cash out of your Acorns account at any time, however it could take 5 to 7 days.

But bear in mind – the purpose right here is to SAVE cash – to not withdraw it!

How to fund your account


These issues known as ’round-ups’ are the most distinguishing function about Acorns.

Round-Ups could be likened to dumping your spare change right into a jar at the finish of every day (besides nobody makes use of money anymore).

In truth, the common Acorns consumer make investments $32 per thirty days with this function.

I’d wager many of these customers weren’t conscious that they’d that sort of cash to avoid wasting!

But sufficient about the different customers…

Here is how Round-Ups work:

  • Link your credit score or debit card(s) to your account
  • Acorns will monitor and round-up every buy to the subsequent greenback
  • Acorns will make investments your round-up steadiness every time it reaches $5

For instance, in case you spend $3.40 at Starbucks, it should spherical as much as $4.00 and invested the 0.60 cents into your portfolio.

You can select which purchases to round-up or set it to “automatic.”

acorns roundups

Round-Up Multiplier

To enhance your contributions, you possibly can choose for the Acorns Multiplier.

You can flip this function on or off everytime you need.

The Multiplier means that you can multiply round-ups in three methods:

  • 2x multiplier
  • 3x multiplier
  • 10x multiplier

For instance, with the 10x multiplier, your $20 round-up turns into $200.

This is a good way to spice up your financial savings with out even realizing it.

Found Money

Found Money is a cash-back program (just like Ebates) that will get added to your funding portfolio whenever you store with Acorns’ companions.

There are two methods to earn Found Money:

  1. “Tap and Get.” Visit the Acorns app and make a purchase order by way of your cell phone.
  2. “Simply Spend.” Use your Acorns-linked card on purchases with accomplice manufacturers.

Acorns will ship you a affirmation e-mail inside 24 hours of your buy.

The precise funding of your cash-back takes between 60 and 120 days.

acorns found money

Recurring Investments

If you wish to save much more, you possibly can schedule recurring deposits or a one-time funding out of your checking or financial savings account.

You can set-up recurring investments by the:

The Acorns dashboard provides you the possibility to speculate $5, $10, $15, $20, or a customized quantity. Alternatively, you can also make a one-time funding to your account.

acorns features

Other Key Features


Acorns’ gives instructional supplies that designate funding phrases and ideas which can be obscure.

Here are the three instructional classes:

  • “Learn.” This part has instructional supplies on investing fundamentals, FAQs, and a
  • “Grow.” This part consists of interviews, information, and how-tos.
  • “Potential.” This part gives new instruments that enable customers to forecast their financial savings and investments.

These instructional options permit you to perceive higher and make the most of your investments.

Acorns Gift Cards

You can now buy reward playing cards to get buddies, siblings, or family members investing, too.

You should buy a present card of $25 or extra, on-line and in-stores, and so they can sign-up for an account.

Gift playing cards are a inventive approach to get others fascinated with investing and makes for a helpful reward!

Account Options

Acorns: $1/month

For $1/mo. you possibly can entry Acorns’ unique funding app.

This possibility means that you can:

  • Use the ‘Round-Ups’ function to economize
  • Use the ‘Found Money’ function to get cash-back
  • Set recurring investments on a daily, weekly, or month-to-month foundation to avoid wasting much more

Additionally, this account is 100% FREE for college college students.

Acorns + Acorns Later: $2/month

For $2/mo. you possibly can take benefit of all the pieces talked about beforehand and spend money on a tax-advantaged retirement account.

With Acorns Later, you possibly can spend money on:

  • Roth IRA
  • Traditional IRA

Acorns + Acorns Later + Account Spend: $3/month

For $3/mo. you possibly can entry all the pieces talked about above and a digital checking account.

Acorns Spend is a full-service checking account that comes with:

  • Debit card (Visa)
  • Direct deposit
  • Mobile verify deposit
  • Mobile fee
  • Unlimited fee-reimbursed ATM withdrawals

Acorns Spend additionally provides you real-time Round-Ups, customized spending methods, and elevated Found Money cash-back.

Acorns Customer Service

Acorns customer support could be reached beneath ‘Contact’ by filling out a type on the firm web site. The firm often will reply inside 1-2 days.

You may also view useful articles and movies beneath ‘Acorns Support’ that reply to some of customers’ commonest questions.

Who Acorns is greatest for

The Acorns app is goal towards youthful traders – notably millennials – as a result of the platform is meant to be created and managed on a smartphone.

However, you should use the web-based, desktop model, as effectively.

But the better part is…

…college college students can use the app for free for as much as 4 years.

But in the end, Acorns can assist anybody start investing, particularly if they’re having bother getting started.

This service automates investing which makes investing a lot simpler.

Bottom line: Acorns is a wonderful method for anybody to spice up their financial savings.

So, if you’re seeking to:

  • Learn extra about investing
  • Save more cash
  • Make low-maintenance investments
  • Get free cash

Acorns could also be the proper alternative for you!

What We Love About Acorns

Investing automated

The hardest half of saving cash is getting started.

With automated investing, you possibly can set it and neglect it.

This sort of automation removes the psychological roadblocks, self-discipline, and complexity that comes with investing.

You won’t even notice that the cash is lacking!

Cash-back on purchases

Acorns’ permits you get cash-back, or “found money,” from companions like Apple, Macy’s and Nike.

  • Apple – 1.2% of your buy
  • Macy’s – 5% of your buy
  • Nike – 5% of your buy

This cash-back is invested routinely inside 60 to 120 days.

Low minimal funding

Minimum funding could be a barrier for new traders.

Since Acorns doesn’t require a minimal to open an account, you may get started instantly.

But bear in mind, you want $5 to make your first funding.

Free for college college students

College college students can sign-up for the Acorns automated funding account and it’s 100% free.

Simply enter “student” beneath the employment part and use your college e-mail account to register.

This provide is sweet for as much as 4 years after you register.

What We Don’t Love About Acorns

Management payment

Acorns fees a month-to-month payment between $1 – $3:

  • $1/mo. for Acorns automated funding account
  • $2/mo. for Acorns + Acorns Later retirement IRA account
  • $3/mo. for Acorns Spend checking account

These charges could be increased than competitor charges and are notably harmful for traders with little cash invested.


Acorns isn’t riskier in comparison with different funding platforms, however it’s essential to bear in mind that this it’s not a financial savings account.

This threat means the cash that you’re saving may lose worth and depends on the markets.

Therefore, that you must think about if you’re ready to doubtlessly lose cash.

Acorns Review conclusion: Is it Right For You?

Acorns’ target market is the youthful generations of traders. College college students that may waive the month-to-month payment will have the ability to profit from this app the most.

The platform can be an ideal micro-savings possibility for any investor.

Acorns’ is cheap, encourages good saving habits, simplifies investing, and provides you the instruments wanted to be a profitable investor.

Many individuals scoff at the $1/mo. payment for being “too high” and that is the greatest “knock” we uncovered for Acorns.

However, you possibly can afford $1/mo. and the saving and academic options provided in the app present worth that exceeds the month-to-month payment.

Additionally, Found Money may also compensate for the month-to-month payment since you are getting cash-back to speculate that you could possibly not get in any other case.

Saving and investing is an space that folks don’t partake in resulting from the time-consuming course of concerned.

If you’ll skip saving with out the assist of Acorns…

…it’s positively price the payment.

People which can be of their peak-earning years ought to most likely discover one other funding answer.

p.s. if you’re a college pupil make certain to make use of this link and get Acorns for FREE.

If you aren’t a college pupil, I do nonetheless suppose Acorns is an effective possibility, however you may wish to additionally take a look at these:

Wealthsimple – First $5,000 free
Did you realize you possibly can start utilizing Wealthsimple for free for your first $5,000Wealthsimple gives the profit of investing with robo-advisors and people.
Wealthsimple has world-class monetary consultants and top-talent from Silicon Valley working for you.
Wealthsimple’s low-cost, automated funding portfolios can assist you attain your long-term funding targets. Simply use this link to create an account and start for free. Or you could find out extra data with our in-depth evaluation.
(Wealthsimple Review)
STOCKPILE – The #1 brokerage for newbies
Did you realize you should buy a fractional share as small as $5? Stockpile means that you can obtain an actual possession curiosity in your chosen firm, however with out breaking the financial institution.
They are the best choice for newbie traders to get started. There isn’t any minimal to open an account and you may get started investing with as little as $5.
In addition, they offers you a FREE stock simply for signing up. To declare your free stock you could use this link. Or you could find out extra data with our in-depth evaluation.
(read our review)
Stash – Join thousands and thousands of new traders
Investing, simplified.

Stash is greater than an funding app. You’ll have entry to instruments that may assist you to turn out to be a assured investor. Become an investor in simply two minutes and get $5 free.
From innovation to the setting, spend money on what issues to you. With Stash, you possibly can spend money on a range of shares and ETFs that’s fastidiously curated by our funding group.
Get your FREE $5 NOW. Or learn our full Stash Review.


Investment Options



  • Invest with $5
  • Five totally different portfolios to select from
  • Three methods to automate investing
  • Automatic portfolio rebalancing
  • No minimal funding required


  • High charges in comparison with different choices
  • Cannot make investments exterior of Acorns portfolios

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