Adulting with Acorn.

Lately, I’ve had a lot of spare time on my phone or laptop before, after, and in between jobs. I tend to sit on Pinterest and plan my future, whether that be my wedding, lifestyle, house, or retirement. Life tips and tricks are always fun to read about. I’ve have been struggling to pay for tuition lately and stress out about future financial problems consistently. Because of that, I tend to read about things like insurance, saving money, paying off debt, and investing in stocks. Of all those topics, that last one seem the most intimidating. Turns out, many millennial, like myself, feel that same intimidation. Multiple articles recommends starting young.

With more research, I came across an app called Acorn. They introduce something called Micro Investing. So “every purchase you make becomes an investment in you future. ” Basically, you create a portfolio about what kind of an investor you want to be (ranging from conservative to aggressive in terms of risk) and for how long you want to invest your money for. Then you connect your bank account and credit cards. After that, every purchase you make, Acorn will round that up to the nearest dollar to invest. For example, if you spend $10.25, acorn will invest $0.75.

Just by rounding up, I have accumulated around $20 in “spare change” in less than two weeks! My experience has been very positive as the app is very user friendly. The only con I have found is that if your bank account is a small, local credit union, Acorn might not be able to link to it. I was planning on closing my account and opening one with Discover anyways, so I didn’t mind this too much.step-1.pngstep-3.png


P.S. This is all completely new to me so if anyone has tips, ideas, or recommends other apps or sites, please let me know!

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