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  1. #1
    Banned
    Join Date
    Jun 2004
    Location
    Evansville, IN
    Posts
    7,148

    Acorns or similar

    Anyone ever used this app or something similar. Supposedly rounds up purchases to the nearest dollar and puts the excess in your investment accounts.

  2. Member
    Join Date
    Nov 2011
    Location
    Coral Springs, Florida
    Posts
    10,865
    #2
    Haven't heard of that but sounds like a good idea to save.

  3. Member
    Join Date
    Aug 2018
    Location
    Louisiana
    Posts
    785
    #3
    Was researching Acorns yesterday actually - I think the biggest hit is that you have a monthly service charge of $1 if you have <$5000 in your account. If all you're doing is rounding up spare change, the math I saw pointed out that if you were contributing ~$12 a month via purchases (48 purchases at an average of $.25 contributed), that $1 eats up 8% of your monthly donation.