Lucas Noah 
Are you curious about investing but don’t know where to start? Micro-investing with Acorns might be the perfect solution for you. Acorns is a popular app that allows you to invest your spare change from everyday purchases. In this beginner’s guide, we will unlock the power of micro-investing and show you how to get started with Acorns.
What is Acorns?
Acorns is a mobile app that rounds up your everyday purchases to the nearest dollar and invests the spare change for you. For example, if you buy a coffee for $2.50, Acorns will round up to $3.00 and invest the extra $0.50. Over time, these small investments can add up and grow into a significant savings nest.
How does Acorns work?
1. Sign up: To get started with Acorns, download the app from the App Store or Google Play Store. Create an account and link your bank account and debit or credit cards.
2. Choose your investment strategy: Acorns offers a few different investment portfolios based on your risk tolerance. Pick the one that aligns with your financial goals and start investing.
3. Round up your purchases: Whenever you make a purchase with a linked card, Acorns will automatically round up the transaction to the nearest dollar and invest the spare change.
4. Set up recurring investments: In addition to round-ups, you can also set up recurring daily, weekly, or monthly investments to grow your portfolio even faster.
5. Monitor your investments: Keep track of your investment portfolio and watch your money grow over time. Acorns provides detailed insights and performance reports to help you make informed decisions.
Why should you try Acorns?
1. Low barrier to entry: With Acorns, you can start investing with as little as $5. This makes it accessible for beginners who may not have a lot of money to invest upfront.
2. Hands-off approach: Acorns takes care of the investing for you, so you don’t have to worry about picking individual stocks or managing your portfolio. It’s a great option for busy individuals who want to grow their money passively.
3. Diversification: Acorns invests your money in a diversified portfolio of ETFs (exchange-traded funds) to help spread out risk and maximize returns. This can help protect your investments from market fluctuations.
4. Stash away spare change: Acorns helps you save and invest without even thinking about it. By rounding up your everyday purchases, you can effortlessly build wealth over time.
In conclusion, Acorns is a fantastic tool for beginners looking to dip their toes into the world of investing. With its user-friendly interface and passive investing approach, Acorns makes it easy to grow your savings without any hassle. So why wait? Start investing with Acorns today and unlock the power of micro-investing.