Acorns App Review- Can You Become A Millionaire Investing Spare Change?

There’s no point in investing in the stock market if you have no clue what you’re doing. The market is unpredictable at times and not doing your homework can end up costing you your savings. It’s like going to the casino and betting it all on Snake Eyes.

Not really but you catch my drift.

The key is to do your research before you begin risking all of your hard earned money into a tech start-up because your gut tells you this might be “the one” that makes you rich.

Luckily for you, there’s a new way to invest with very little risk. I’m talking about the Acorns investment app. This Acorns app review is going to help you determine if this is the best route for your savings, investments, and the future.

What is The Acorns Investment App?

Acorns is an app that can be used on Android and iOS devices alike. It’s an investment app that is mostly intended for beginners. Instead of having to worry about finding a broker and creating an account, all you do is create an account with Acorns, link it to your account, and start investing!

You can get started with as little as $5!

Here’s $5 to Get You Started on Me! 

So don’t worry about having to create a portfolio because Acorns takes care of that for you. The Acorns investment app allows you to invest in the stock market without the need of thousands of dollars saved up.

Trust me, I used to think I couldn’t invest unless I had thousands saved up. But $5 got me started and so far so good!

How it Works

Basically, Acorns works like a savings account. If you ever had Bank of America, they had this pretty cool feature called Keep the Change where they would round up your purchases and transfer them to your savings account.

Well, Acorns has the same feature. It’s called Round-Ups and it’s literally the same thing. You can set it up to where once you round up a certain amount, it gets invested into your portfolio.

So let’s say you spent $25.35 at Target. Well Acorns will go ahead and save the $.65 difference. Once you reach your limit, it gets transferred into your Acorns account where it gets invested. You can do $5, $10,$20, and so on.

You can also set up automatic transfer monthly. So you see, it works just like a savings account.

The difference is that the money in your Acorns account goes into your very own investment portfolio. This portfolio is composed of stocks that Acorns recommends based on your likes.

Certain companies will help fund your Acorns account if you link your debit card/credit card when you make purchases at places like Hilton, Uber, and Udemy.


There are many awesome features that the Acorns investment app has that’s kept me intrigued for a few months now.

For one it’s inexpensive. The monthly fee is $1 on portfolios with less than $5,000 and .25{dedebb749af7632de45ec8c4d9cdd44d7213594821c7e5df5bed848bb640bf7f} of your investment if your balance is more than $5,000. That’s still relatively cheap compared to the fees you rack up investing in mutual funds, ETFs, and so on. 

Another pro is that the automatic transfers and Round-Ups lets you invest like a pro without having to actually put much thought or work into it. And trust me, that spare change adds up!

Acorns takes all the hard work out of investing because your only duty is to make sure there’s money in the account that funds your Acorns portfolio.

There’s also dividends; which is a great form of passive income.

Also, if you’re looking to learn more about the stock market, then you can also take advantage of their Grow feature in the app where you can stay up to date on the latest news; and learn more about the stock market.


There were a few things I wasn’t too happy about with the Acorns app, but they don’t take away from the experience. Because you’re investing in the stock market, you need to remember that you can lose money from time to time. So you can invest $100 today and your account could be down to $90 the next.

Just remember that investing is a long-term savings plan. Be patient.

My biggest pet peeve was the inconsistency with the Round-Ups. I set my limit to $5, and I’d see transfers from my checking account to Acorns that varied dramatically. Some were $5, some were $18, $13, and so on.

Also keep in mind that if you want to withdraw money from your account, you have to wait 3-6 business days because since your money has been invested in stocks, you have to wait until they got sold so you can receive your money.

This is something that you can’t rely on if you’re in need of some quick cash in case of emergencies.

Final Words

Overall, the Acorns app is actually a pretty cool app to invest your spare change into the stock market. You don’t have to have Warren Buffett’s bank account to invest like a pro… $5 can get you started.

I’ve been using it for a few months now and I’ve had some ups and downs. But the two times I withdrew from my account, I made sure that I had actually made a profit.

Now that you’ve read my Acorns app review, do you think this is something you’d be interested in?

Start Investing Now with $5! 

Putting your money into savings is cool but it has no potential to grow.

The key to my millionaire quest and yours as well is to have your money work for you so that you can continue to grow your income without having to put in more work.

If you have any questions, please feel free to hit me up and I will gladly help you out.

See you at the top,



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6 thoughts to “Acorns App Review- Can You Become A Millionaire Investing Spare Change?”

  1. Great article! I have wondered about a savings account and what’s the real purpose for opening one up just to lose a few cents every month. Those few pennies really add up. Thank you for bringing some very valuable tips and suggestions out in this terrific article.

    1. Hi Louisa,

      Having a savings account is great way to put money away for a certain goal without worrying about spending it.

  2. Interesting post here. I actually have done some investing in the past but not like this. $5.00 is pretty cheap to get started but to see a return you would probably want to put a bit more in. Nevertheless this looks promising. Well written and very informative.

    1. Hey David,

      I agree that $5 is a very small amount, but it’s a great way for newbies to dip their toes in investing without having to worry about high risk investments or the market crashing. Plus, it starts to add up and when you’re thinking long term, it really does add up.

  3. Yes I definitely agree with you that money shouldn’t be saved. Money should be invested to make more money. Money will just depreciate if it is not moving and being stuck in your bank account.

    It’s my first time hearing about this App but it really sounds interesting to me. The idea of investing your change really intrigues me.

    Does this work in almost every country? Or is it just available to US or certain countries?

    1. Hey Jerry,

      You’re right, if you just leave your money alone, it will never grow and you will never reach financial freedom. Unfortunately, it’s only available in the US and Australia right now.

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