Planting a Seed Has Never Been So Easy

Acorns Investing App: Invest While You Spend

“Never depend on a single income. Make investments to create a second source of income.” — Warren Buffett

In this day and age, spending money has become second nature to most people. Swipe, swipe, swipe! There are 104,274 credit card transactions taking place per minute in America. No wonder America is bound in debt on both the consumer and public front! The idea of budgeting and investing usually takes a back seat, but with the Acorns investing app, investing while you spend is now possible. It’s the best of both worlds type of thing. Two birds with one stone. Okay, you get it by now. By rounding up every dollar you spend and allocating it to your investment account, you can consistently invest without even thinking about it (pretty great, right?). In this article, I want us to explore how the Acorns investing app works and provide personal details on why this is a great investment opportunity for everyday Americans.

Finance guru Suze Orman once said, “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” While investing may not be as thrilling as a trip to Vegas, it does offer a higher potential for a return on investment. By using the Acorns investing app, you can invest while you spend and potentially grow your money over time. Heck, maybe you will even have some of that money you spend on Vegas go towards your investment account.

“An investment in knowledge pays the best interest.” — Benjamin Franklin

How It Works

The Acorns investing app rounds up each dollar you spend to the nearest dollar and invests the difference into your designated investment account. For example, if you spend $5.45 on coffee, the app will round up to $6.00 and allocate $0.55 into your investment account. The app also allows you to choose from several investment portfolios ranging from conservative to aggressive. This option gives users the flexibility to choose the level of risk they are comfortable with and the potential return on investment.

According to the finance wizard Warren Buffett, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” The Acorns investing app works on the same principle. By investing (planting) small amounts (seeds) consistently over time, it can potentially lead to significant growth in the long run. For instance, investing $50 a month continuously for 30 years in an account with an estimated 7% return can result in a total investment of $18,000 and a potential growth of $47,000. Meaning, if your roundups averaged to about $50 per month, your account would have approximately $60,000 in it over 30 years. Not too shabby for not having to do anything.

Acorns also offers multiple financial planning tools like “Found Money” and “Grow Magazine” to help users make informed financial decisions. “Found Money” is a cash back program for those who purchase from specific businesses partnered with Acorns. This program rewards users by allocating a percentage of their purchase into their investment account. “Grow Magazine” offers financial advice and educational resources relevant to the current financial climate. So, outside of resources like this blog site, they offer additional resources that you might find useful.

“You must gain control over your money, or the lack of it will forever control you.” -Dave Ramsey

The Acorns app gives users more control over their finances by making investing accessible, even for beginners who have never invested before. With no investment knowledge or experience needed, the app truly provides an opportunity for new investors to start really easily. You simply add your info for your card that you spend from and then add the bank information for the account you want the money to be withdrawn from that goes into your Acorns account.

If you have never invested before, the Acorns investing app is an excellent way for anyone to start since you will get invested while you spend. By rounding up each dollar spent and allocating it to an investment account of their choosing, users can potentially grow their money over time. Various financial planning tools and resources also make the app a comprehensive and user-friendly option for new and experienced investors alike. As finance guru Jim Cramer says, “The stock market is filled with individuals who know the price of everything, but the value of nothing.” With Acorns, investors can move away from obsessing over individual stock prices and instead focus on creating long-term value and growth.