One of the Easiest Ways to Start InvestingMike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. Acorns invests your money in popular ETFs, or exchange-traded funds, which are collections of hundreds or thousands of stocks and bonds. The app has a handful of different portfolios, depending on how much risk you’re willing to take on. You can even have Acorns invest a percentage of your direct deposits as soon as they land in your Spend account. It costs just per month, and there are no overdraft fees or minimum balances required, plus, you can use your Acorns Spend debit card fee-free at any ATM that accepts Visa cards. That’s the idea behind Acorns Spend. It’s a checking account that’s linked to an investment account that automatically invests your digital “spare change.” Oh, and let’s not forget that . With Acorns, you start out with a free bonus. With Acorns Spend, you’ll get a bonus after you enable direct deposit and receive your first two deposits in your Spend account.
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