Investing, it doesn’t sound fun. How do you know where to start? Well, a new investment tracking app has launched on iOS to make investing so easy, you don’t even have to think about it.
It’s called Acorns and it is a “invest the change” app that makes investing painless and automatically. For only $1 a month (free for those still in college) Acorns will automatically round up your purchases to the nearest dollar and invest that amount into a diversified portfolio for you.
While adding $0.50 here and there may not seem like a lot, over time it makes a huge impact on your savings. If you add only $30 a month, your portfolio can reach thousands in a decade. The earlier the start, and the more you add, the faster you can reach your investment goals. Acorns also has the option to manually add more funds or to set up an additional automatic investment plan, so saving can be completely “set it and forget it.”
We love the idea behind this product, especially its ease of use, because it helps people start investing younger without a lot of research and confusion, which yields higher savings and earlier retirement dates for everyone.
Additionally, with the aim of educating their consumers, Acorns has set up the Grow Magazine which adds content frequently to help teach their users more about finances and painless investing for the next generation.
Still not convinced? See what the press has to say.
The Huffington Post calls Acorns “The modern-day version of a penny jar!” while Buzzfeed says “Acorns is for the savings procrastinator.”
It’s really that easy to start saving for your future.
At Fancy Gals we love finding ways to make your life easier more fulfilled, and this investment tracking app is definitely something we’d recommend.