The True Cost of Acorns Investing

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USE CODE "YOUTUBE" FOR 20% OFF In todays video we are going to talk about The True Cost of Acorns Investing. Acorns investing app connects to a debit or credit card to "round up" the spare change to the next dollar on all purchases. Once the roundups reach $5, it withdraws the money and invests in a personalized stock portfolio.

How does Acorns work?
The Acorns investing app encourages you to invest your spare change using a system it calls "round-ups." Acorns monitors your bank account and automatically invests the change from your daily purchases. For example, if you buy a coffee for $2.75, Acorns will round up to $3.00 and automatically invest $.25.

The “save your spare change” feature is Acorns’ key selling point, along with ease of use. Unlike financial tech startups Betterment and Wealth-front, which offer more robust investment services, Acorns was built to be mobile-first. It was originally available only as an iOS or Android app, though the company ultimately launched a web version.

My Thoughts on Acorns?
Acorns makes investing easy, to the point where you don't have to worry about your investments. It's so easy to invest that Americans are willing to pay for how easy it is. Acorns is great for beginners who want to start investing.
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