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Nearly 7 in 10 Americans have less than $1,000 in their savings! Don’t let it be you! If you haven’t heard of “micro-investing” application called Acorns, then I am here to give you an inside hook on why you need to try it out! Acorns is an application that rounds up every purchase to the nearest dollar automatically. Want to know how much money you need to make to be in the top 1%, 5%, or 10%?

In the end, pennies add up and grow over time, and best part? Everything is done automatically every time you make a purchase, so you don’t have to do anything (other than setting up your account of-course and choosing the risk level). If you are already convinced you can get $5 invested for Signing Up. Read how a $0.01 (penny) turns into $10.7 million in just 31 days with the power of compounded interest.

I wanted to share with you my compiled Acorns Review from a student and some reasons why you must have it.

What is Acorns?

As a student, saving money is something that is nearly out of reach unless you somehow found a way to pay through school and able to manage your lifestyle, that is great for you! But for the majority of students, money is a big issue.

Acorns entering the game helping to bring changes to the investment industry. You don’t need experience or knowledge about investing to get started. Acorns is revolutionizing how investments works and like I mentioned that 7 in 10 Americans don’t even have $1,000 in savings, that dream retirement is way out of reach. Read why you MUST have an Emergency Fund and BEST Alternatives

In order to have a good retirement, one must plan it. You will be guided from step one with their simple to use application that is very user-friendly that guides you from start to finish.

How Does Acorns Work?

Acorns primary feature is it rounds up to the nearest dollar every purchase you make. Later, these pennies are spread around five to seven different asset allocations (depending on how much risk you want to take). These options ideally give you a choice on how conservative or aggressive you want to be. Remember: Higher risk means higher return

The Portfolios are as follows and each is different at risk level: (Conservative, Moderately Conservative,  Moderate,  Moderately  Conservative,  Aggressive)

There’s another option where you can choose contributing lump sums or whatever you set whether it is monthly, weekly, or even on daily basis. This option involves more of getting out of your way and transferring a certain pre-set sum over.

It is very easy to log in and check the balances or to make any changes like your portfolio can never be easier.

Savings Builder

Example in my Case

About two years ago, I found out about company called Acorns. I gave it a try and set up an automatic withdrawal each month and to be honest forgot about it.

As time went by I really did not pay attention to the charges, but eventually, time came when I glanced over my bank statements to see where my money is going. Then, of course I went through the process of recovering my password and here I was and had money I forgot about that I didn’t just deposit over, but also grew in interest.

When I logged in I had almost $1,000 in the account. How I looked at it was as free money because I have completely forgotten about it. If I were to keep it for a few more years, it would of been triple or even more of that depending on the risk level.

Ever since I found out about this and loved that extra cash – I changed up my settings and tripled up on monthly minimums. Remember that there are people working hard behind your portfolio.

Quick Detailed Example of How the Process with Acorns Work

You went to the grocery store to buy Arizona Iced Tea (I mean who doesn’t like it?) which is (currently) 0.99 cents. After taxes in my state (CA) it came out to $1.08. The .92 cents is considered a spare change to round it up to $2.00 that get invested into your account for you automatically. These little pennies add up and eventually, you will be surprised as I was with how easy it is to invest.

If it sparked interest in you and you want to get started, follow this link and you will get $5 invested for you when you sign up.


There is not mcuh of competition, but there is a company that targets the Millenials as well in similar but it’s own unique ways called Robinhood. I wrote a compiled review of Robinhood and don’t forget to get your free stock! (Valued up to $500)

Bottom Line

From my perspective, Acorns stands out in one best feature and it is teaching people the importance of investing because trust me as soon as you construct your portfolio and get returns on your money or more money, you will get excited! Give Acorns a try.

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