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If I’ve learned anything in my early adult life, I’ve learned that money and finances are hard, especially when you’re in college. If you’re anything like me you might struggle with spending, or saving, or maybe even both.
Luckily, in this day and age there are a lot of simple and easy to use tools out there that can help us automatically save, and sometimes even invest our money. I use Acorns to help me accomplish this.
Acorns is an app, that takes an amount of money (you decide), from your bank account every month (you can skip any months you’d like), and invests it so that you can earn money on it. It can also collect pocket change, or “round-ups” as they call it, and invest that as well. I use my Acorns account to help me earn interest and dividends on my savings.
If automatic investments aren’t your thing, they allow one time investments as well!
To be clear, Acorns is not a savings account, it’s an investment portfolio that you have to pay taxes on. But it is a great way to invest money if you’re new to the game. Also, if you sign up right now, you’ll get a $5 credit in your account!