Is Acorns Worth it? How The Investing App Works

Can Your Spare Change Build Wealth?

What is Acorns?

Acorns is a robo-advisor app that takes no fuss investing to the next level. Particularly a great tool for novice investors, Acorns can get you started with a portfolio of ETFs for as little as $5. Along with individual and scheduled investments Acorns allows you to "round up" purchases and invest the spare change in your portfolio.

For example, if you spend $9.57 on a meal, Acorns will round up to $10 and invest the spare .25 cents into your account to be invested and grow.

The Acorns app is specially designed for new investors and those who are short on time. Rather than actively managing your funds, Acorns allows you to select the aggressiveness of your strategy and have the work done for you. Studies have shown much greater returns on ETFs and other funds over actively managed stocks.

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What is an ETF?

An ETF or "Exchange Traded Fund" is a pool of securities that, as the name implies, trade on exchanges. an ETF usually tracks a specific index and allows you to invest in market trends and a diverse collection of securities rather than buying and managing specific stocks. ETFs are a great way to diversify your portfolio and decrease risk on return.

How Does Acorns Work?

When you sign up with Acorns and connect your bank account, there are a few ways you can start investing. You can make a one-time contribution to your investment account at any time for as little as $5. Alternatively, you can set up automatic investments for a certain amount that occur weekly or on a certain day of the month. Finally, Acorn's flagship feature: round-ups. Round-ups allow you to engage in totally hands-off investing. Acorns will automatically round up purchases and place the space change in your investment portfolio. .10 to .75 cents for each purchase does not seem like a lot but it adds up very quickly.

Acorn Features

  • Acorns Invest- Taxable account for investing. Your money is put in ETFs by Acorns based on your goals.

  • Acorns Later- Acorns later individual retirement account (IRA). Like your investment account, it will also consist of ETFs.

  • Acorns Spend- Checking account with a debit card designed to save on fees. features AM fee reimbursement and Smart Deposit.

Earn Bonus Cash with Acorns

Acorns Found Money is an online marketplace that offers a percentage of cashback money on everyday purchases from hundreds of major retailers including Walmart, Nike, and Kohls. With each qualified purchase, a small percentage of cashback is placed in your Acorns Invest account.

Acorns Reviews


- Low-cost portfolio

- Automatic features help to save and grow

- Great for beginners

- Invest While Spending - Low fund expenses


- Fees can be high depending on your Balance

- No human advisors

- Checking Account Fee

Acorns: Costs and Fees

  • App: Free

  • Minimum: $0

  • Personal: $3 per month.

  • Family: $5 per month.

  • Account fees: $50

  • Transfer-out fee: 0.03%-0.25%

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Acorns Rating: 4.4 /5 Stars


Download the Acorns app and Get $10 in Free Investment Cash

Is Acorns Right for me?

Acorns is the best in the business when it comes to round-ups and passive low-risk investments. If you are short on time, new to money management, or are simply looking for an easy way to grow your wealth, Acorns is an excellent investment choice for people of all incomes and backgrounds. Download the Acorns app and start investing with no money out of pocket with their $10 bonus money.