Broker Check

 

App of the Week

Acorns

Acorns isn’t a budgeting app, but a savings tool. It helps users save more money by automatically harvesting the change each time they swipe a linked card. So, for instance, if a transaction adds up to $1.50, Acorns rounds it up to $2 and sends that 50 cents into an investment portfolio diversified with exchange-traded funds. It’s a mindless way to invest, with reasonable fees: Students with a valid .edu email address qualify for free management; others pay $1, $2 or $3 per month depending on which level they choose.