I’m guessing anyone could search their vehicles, kitchen or desk drawers, and couches and come away some spare change.
Could be just a couple quarters. Or maybe you get lucky and pull a $5 bill out of your pants that you wore last week.
I don’t know about the rest of you, but when I was a kid and found some spare change I would just throw it in my piggy bank and forget about it.
I felt the initial rush of finding some money. But then I just threw it somewhere and it was basically as good as lost again until I thought about cashing my stash in.
What if your money could grow while you weren’t thinking about it? Then when you remembered you had spare change piling up, the stash was much bigger than when you left it?
Well that’s exactly what Acorns can do for you!
It’s so easy to sign up and get started!
So to bring you back to 2019, taking spare change from your childhood piggy bank and growing it through various investments seems like too much of a hassle.
With Acorns, there’s no dealing with any actual coins.
All the “spare change” invested comes straight from your bank account, and everything is automated so you don’t have to do a thing once you’re set up!
All you need to do is set up which bank accounts and credit/debit cards you want hooked up with your Acorns account. Once that’s done you’re just a few more clicks away from growing that forgotten spare change!
How does it work?
Even though Acorns basically does everything for you after you initially sign up, you have to decide what mix of investments you want your spare change invested in.
You can choose an aggressive portfolio consisting of more stocks, a conservative portfolio consisting of more bonds, or anywhere in between.
The next step is to just forget.
Acorns will round up all purchases made on your cards and accounts that you connected to it to even dollar amounts. These are simply called “Round-Ups”.
You buy dinner and drinks after work for $20.35, $0.65 cents is set aside.
Fill up your gas tank for $30.72, $0.28 is set aside.
Once you accumulate enough round-ups that in total reach $5, then Acorns will invest your round-ups for you.
Don’t worry about monitoring your round-ups when they are getting close to $5. Acorns takes care of it all!
Go about your life as you did before you found out how amazing Acorns is and watch your account grow!
Take advantage of extra features
Getting started with Acorns is so simple and easy! You won’t have to put much more than 5-10 minutes into setting everything up.
For the people that want to grow their spare change even quicker, check out the Found Money section on the app.
Here you’ll find companies that are willing to offer you free money for supporting their brands.
For example, if you sign up for a Sam’s Club membership, Sam’s Club will contribute $10 to your Acorns account to be invested!
Definitely make sure to check out what Found Money opportunities are available and take advantage of as many as you can!
Some other cool extra features include setting up multipliers, recurring investments, and one-time investments.
And again, like with the concept of Acorns as a whole, all you have to do is set your extra features up once and just forget. The app will take care of everything for you just the way you want it.
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