LisaSunshine
Earning My Ears
- Joined
- Aug 24, 2011
Does anyone have any experience with the Acorns app? It's basically an investing app that connects to your bank account and rounds your purchases up and invests the "spare change" for you. A friend referred me and it was a free $5 bonus, so I signed up for it a few weeks ago.
I'm torn on it, though. I'm had it for about 3 weeks and I already have $31 in my account, mostly from round ups, which is great because I wouldn't have invested or saved that money if it wasn't automatic. But they also charge a $1/month fee for using it. Which isn't much, but I've read reviews that say it's quite a big percentage unless you can keep a certain amount of money in it every month. I'm wondering if I would be better off finding the average amount of weekly round ups and setting up an automatic deposit into a high yield savings account every week instead.
I'm torn on it, though. I'm had it for about 3 weeks and I already have $31 in my account, mostly from round ups, which is great because I wouldn't have invested or saved that money if it wasn't automatic. But they also charge a $1/month fee for using it. Which isn't much, but I've read reviews that say it's quite a big percentage unless you can keep a certain amount of money in it every month. I'm wondering if I would be better off finding the average amount of weekly round ups and setting up an automatic deposit into a high yield savings account every week instead.