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The Easiest Way to Start Investing for Beginners: An Acorns Review

April 25, 2016 By Masha

This post may contain affiliate links.

We all know the importance of saving money, but when funds are tight, it’s hard to make saving a priority when you have a million other financial obligations to worry about. We’ve all heard, “pay yourself first,” but what’s the best way to follow through? There are dozens of strategies for starting a savings plan. Here’s a simple way to start investing for beginners to save more money no matter what your financial situation is.

You know it's time to invest in your future, but how do you save money when you're broke? Whether you're a Millennial in your 20's or just having a hard time, you need an easier way to start saving more money. Find out how one young mother has been investing little by little since she was in college | Finance tips

Investing for Beginners starts with One word: Acorns

Acorns is a website and a mobile app that allows you to “round-up” your purchases and invest the spare change into mutual funds. You can link as many or as few accounts as you like. Then, you can choose how conservatively or how aggressively you would like to invest.  You can also deposit any amount at any time.  You can decide to invest deposits, round-ups, or both – YOU are completely in control.

The best part is that Acorns is the cheapest way to start investing: They do not require a minimum balance and their account management fee is the lowest I have ever seen (only $1 regardless of the balance).  Most other mutual funds charge a percentage of your total balance each month to manage your account and require that you invest hundreds and thousands at a time.  If you want to start small and get a real return on your money, Acorns is the way to go.

I love Acorns because I hardly notice the money that I have set up to invest automatically. Each time, such a small amount is moved from my checking account to my Acorns fund, that it is not significant to me, yet my Acorns fund is steadily growing.

You know it's time to invest in your future, but how do you save money when you're broke? Whether you're a Millennial in your 20's or just having a hard time, you need an easier way to start saving more money. Find out how one young mother has been investing little by little since she was in college | Finance tips

I love this money-saving app so much! Investing for beginners is made easy and simple with this one incredible tool that will help you save more money. This is the perfect way for millennials and moms to invest in the future. #investing #savingmoney

Why did I choose to invest?

You might wonder why I’m choosing to invest in the stock market rather than a traditional savings account during a time when I have so little to save. The answer is simple: I’m young. I have more room to take risks. Because of compound interest, those who start to invest later in life – even if they invest more – can never catch up to those who start investing in their 20’s.  Even while you’re still getting on your feet, investing is the only way to keep up with inflation.

Now, that’s not to say that I don’t have traditional savings accounts: I do, and I utilize them frequently. But, starting to invest now is an important part of my savings strategy.  My family is making the best out of our current situation. I imagine that a year from now our entire financial situation will be different, and our savings plan will be very different as well.  Using Acorns is perfect for our current needs.  It might be for yours too!  

Check it out here and get $5 when you start your account.

You know it's time to invest in your future, but how do you save money when you're broke? Whether you're a Millennial in your 20's or just having a hard time, you need an easier way to start saving more money. Find out how one young mother has been investing little by little since she was in college | Finance tips

 

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Filed Under: Smart Finance Tagged With: Invest, money, save money

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Hi, I'm Masha. I am a wife, a homemaker, and mother to three little boys, two of which are identical twin babies. I love to create, and I hope to inspire and add value to others with the content that I publish. Let me know what you would like to see! Read More…

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