Another month and another acorns update. I use the micro-investing app to put my spare change to use. It automatically transfers my spare change into an investment account and helps me save without even knowing it.
I think Acorns is a great way for young people to start saving. It requires no effort and you don’t need to worry about making regular contributions.
Here’s how my account performed in September:
September 2016 Results:
Starting Balance: $626.41
Deposits This month: $56.75
Ending Balance: $680.49
Income this month: -$2.70
All time income: $24.05
So as you can see, I lost a little bit of value this month. That’s to be expected with investment accounts. There will be month where things go down. But I’m still way up overall so I’m quite happy.