It is really hard to save money these days.  Not many options give you a big return either.  Regular savings accounts and CD’s are laughable.  401K’s and Roth IRA’s are many people’s bread and butter, but some people still might be lacking a good matching 401K and a lot of people can’t afford a proper Roth IRA with contributions around $5,000 a year for your best retirement return.  Now there is a better way to save.  Acorns takes an easy approach with a phone app, that also has a desktop portal.  You can link your spending accounts like credit cards and debit cards and invest spare change off of the purchases that you make everyday.  You can also choose to invest any amount at anytime once, or a recurring monthly investment.  You are not locked into anything and the money can come and go as you please.  Like a lower level Roth IRA, it takes your money and invests in different markets and you can choose to be more conservative or aggressive.  It also maps out your goals with a nice graph and statistics.  For example, if you invest $100 a month for 10 years, you will roughly have $17,311 in your Acorns account, which $5,211 of it was made from returns in your portfolio.  30% of your Acorns money at that point came off of the market gains.  This is a great app and an awesome way to start saving.  You can invest any amount you want, big or small, so it’s a great way to just get started saving period.  A lot of people say they can’t afford to put money aside from their current monthly bills, which we completely understand, but this app helps you get something rolling and invest your future.  Check out their website below!

 

Saving & Investing Fargo ND | Acorns