Acorns is BIG right now. I saw some ads for it on Facebook and Paypal, so I decided to ask around. Most of my family had already signed up!
What does Acorns do? It’s a sleek app that invests in a mix of stocks, bonds and real estate funds. The cool little detail? You can start with just $5.
They have another cool feature: cash round-ups. You can link your bank or credit card. Then every time you buy something, Acorns rounds up to the nearest dollar. Bought a coffee for $2.50? It gets rounded up to $3 and the difference gets invested by Acorns.
A mini-muffin for $0.98? Same thing, two cents now go into your life savings.
I’m pretty bad at saving money day-to-day, so this was GODDAMN PERFECT for me. I can spare a few bucks a week, I just never feel like logging into my bank and transferring it. Now with just a quick sign-up, it will be done automatically…
But I have a lot of experience in internet marketing. So I did not click on the ads. They probably had a referral program…
YES, jackpot. If you find a referral link, you get a $5 sign-up bonus. I asked my sister-in-law, and win-win. She's happy that I asked, and I'm happy to get my free $5. (if you need a referral link for your free $5 on Acorns, here's mine: https://acorns.com/invite/BV2FXE
Now here's some neat little details:
- Acorns is $1/month. No other fees. If you use a .edu address it's completely free.
- If you set up monthly investments and your bank account is low, they pause the automatic investments so you don't get an overdraft fee.
- Their support is amazing, I can even ask questions that are just for curiosity.
- They have a bonus system: if you sign up 12 people in May, you get $1,000. Holy damn. (So if you want to help me out and also get your free $5...)
They make using the app so easy and are definitely targeted to millennials, who don't have thousands to put in the stock market yet. I'm finally saving a decent chunk of money out of my checkings account, so it's going great for me. Hopefully you love the Acorns app as much as I do!
Darlise