A different sort of earnings application, Acorns provides a roundup tool that links to your bank accounts and makes investing and saving painless and automatic. Acorns has been downloaded more than 20 million times, and it sports a near-perfect 4.7-star rating out of 5 with 856,000 reviews on the App Store.
Linking your spending cards (including credit cards) is simple, and with every purchase, the Acorns app will round the transaction up to the nearest dollar, saving the change and then investing it once the pool of funds reaches $5. You can select a variety of investment types, as well, from a kid’s savings account to retirement planning funds and sustainable product portfolios that put the planet at the forefront. Roundups can result in a significant amount of saved cash without any effort. Estimates suggest that in 2019, the average American consumer made roughly 70 payments per month, providing Acorns users around 70 opportunities to add seamlessly to their savings pool. The sub-dollar investments into your Acorns account will likely not even be noticed, but over time the capital really begins to add up! With this app, you can make saving a priority without changing anything about your spending or even your phone use habits. And, once you’ve started saving, seeing the cash build up often becomes somewhat addictive, instilling a new hunger to set aside even more money in a savings or investment account.
