Grow Your Money Tree,
From the Smallest Seed

Is it worth investing in Acorns?

Acorns is a banking app that offers a simple way to invest without needing extensive financial knowledge. It’s great for beginners or those who prefer a hands-off approach. The app rounds up purchases and invests the spare change, helping users build wealth over time. For long-term goals like retirement, Acorns can be a useful tool.

Will Acorns actually make me money?

Yes, Acorns can grow your money over time, but it depends on the market's performance and how much you invest. While past performance isn't a guarantee, users typically see growth in their investments. Acorns uses diversified portfolios designed to reduce risk, but no investment is without some level of risk.

Is it better to invest in Robinhood or Acorns?

The choice between Robinhood and Acorns depends on your investment style. Robinhood offers more control, allowing users to buy and sell individual stocks and crypto with no fees. Acorns, on the other hand, automates investments and is ideal for users looking for a set-it-and-forget-it option. Both have different advantages based on your financial goals and needs. I use both and I must say, I love not having to think about it.

How much does Acorns cost per month?

Acorns offers different subscription tiers:

  • $3 per month for the Personal plan, which includes investment, retirement, and checking accounts.

  • $5 per month for the Family plan, which adds investment accounts for kids. These fees cover all the tools and features that come with each plan.

Can I take money out of Acorns?

Yes, you can withdraw your money from Acorns at any time. Withdrawals usually take 3-6 business days to process. Keep in mind that since Acorns invests in the stock market, selling investments during a downturn could mean you withdraw less than you originally invested.

What is the Acorns Referral System?

Acorns offers a referral program where users earn bonuses for inviting friends to join. Once a referral signs up and funds their account, both the referrer and the new user may receive a cash bonus. Referral bonuses vary based on Acorns' current promotion, so check the app for details. But if you sign up through my referral link below, we’ll both get $5 to put towards our investments. But, it gets better. There are bonuses for getting multiple referrals which change with Acorns’ current needs. For example, for the next three referrals I earn, I get $625, up to a max of $3,000 a month. It is wild! They’re a bank, so they can leverage our investments for so much more than that. You can earn like this too, so get in while the getting is good.

How do I sign up for Acorns?

It’s easy! You just have to sign up, email me for my referral link. I have handy instruction manual here. Once you sign up, the bank will ask for your information and you’ll be well on your way.