Micro-investing might look great at first glance, but more than 50,000 micro-investors using Acorns are paying annual fees of over 6.2 per cent a year. Acorns core investment account is the equivalent to buying stocks on the open stock market. Acorns does offer 6 different assets allocations that are well diversified. How much does Acorns cost to use? So, it’s hard to say which is better; Stash vs Acorns vs Robinhood vs Betterment, etc. So, give one of these apps a try, and make your money work for you. Acorns Spend: Acorns also has an FDIC-insured checking account plus debit card, called Acorns Spend, that its Core users can pre-order. Acorns basic service costs $1/month, so a balance of $5 would cost 20% in fees. Also, don’t forget your investments earn regular dividends that can offset or exceed the monthly fee as well . When you read reviews online, especially on Reddit, it becomes obvious that it’s really a matter of personal preference. It's perfect for the younger crowd and has proven immensely popular with Millennials. However, it caters to the high net worth investor. Acorns is a microsavings app that rounds up your purchases to an even number and investing the difference for you. Acorns Later: Acorns Later is an individual retirement account available to Acorns investing app users. Acorns was the first app I started using. However, hundreds more options can be found by dealing with a commercial investment company like Wells Fargo or Fidelity. I loved the idea of “Roundups”, which is where when you make purchases on a debit card which is linked to your Acorns account, it will invest it for you! Is Acorns worth it? As your account value increased, that percentage would decline. With Acorns, you can automatically save & invest your spare change from everyday purchases, earn Found Money with 300+ brands, read custom content to grow your knowledge and put your hard-earned cash into diversified portfolios overseen by experts. In my opinion, if Acorns is the difference between saving more money each month instead of spending it on something you don’t need, it’s well worth the price. In this Acorns review, we’re going to show you how Acorns works and screenshots of it in action, and help you determine is Acorns worth it? But if you struggle with investing or saving money, read on to learn why Acorns might still be a good option. It's a handy app for when you want to get your feet wet with investing. The Acorns app would invest $20 for you each month but would take 5% of those savings in Acorns fees. Acorns uses it to build your investment portfolio, which ranges from conservative to aggressive. How to Make Money on Acorns. It is not a tax-advantaged retirement account like a Roth IRA or 401(k). Acorns does have an IRA account called Acorns Later, but that is a $2 a month fee. But you would need to have $5,000 invested before Acorns’ fees were as low as Betterment at 0.25% . For an account with a balance below $5,000, the monthly fee is $1 plus 0.5%. People who open an IRA through Acorns Later pay $2 a month for both accounts. Acorns and Tax Returns - Ouch! Wealthfront is a sizable step up from Acorns in what it provides to its customers. Acorns fees can be high if you keep a small balance. When Sitar checked her Acorns balance after the first three months, “It felt like free money,” she wrote. Acorns is a fresh addition to the Robo-Advisor space, but when it comes to my money, I want real advantages if I’m going to be paying for it. However, their biggest advantage is Direct Indexing. Is Acorns Worth It? Read reviews online, especially on Reddit, it becomes obvious that really! 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