Make Passive Income by Automatically Investing Spare Change

Remember the old days when people collected physical spare change into piggy banks? Like pennies and nickels. We still do that of course, but with so much of our purchases now happening digitally through credit card and paypal purchases, spare change is no longer a way for people to save. Most of us never see any spare change at all. So that extra money we would’ve had to put in our collection jars just get spent instead. Acorns has changed that. It basically takes your electronic purchases and rounds them up to the nearest dollar. That difference is the “spare change,” and it’s placed into a digital investment account for you where it can grow through a mix of bonds, stocks and real estate. This post will show you how to make money with the Acorns app.

What is Acorns?

The Acorns app is a great for those seeking to make money through a truly passive investment. With Acorns, you don’t have to think about saving your spare change like the old days. The app does all that for you through round-ups of your electronic purchases. This “spare change” is automatically saved into an account diversified into high yield investment vehicles.

In addition, if you’re a newbie to the finance world, you won’t have to choose your own investments. Acorns uses various questions to determine how to…