Every Penny Adds Up: Save Your Credit Card Change

As our friend Benjy once said. . . “a penny saved is a penny earned”and boy, oh boy was he right! Saving change from cash payments was an easy way to save some extra funds back in the day; but nowadays, we live in a cashless society where most of us use credit cards –eliminating our opportunity to earn a little “bonus.”

 If you’re interested in saving money throughout the year, a really easy way to do it is with the Acorns app. I downloaded this app the first week of the year and have already saved up $54 with their round-ups feature. All you do is link your credit card(s) to your Acorns account and every purchse made on your card(s) will be rounded up to the nearest dollar; this money gets deposited into your Acorns account. It’s a really convenient way to start saving up those pennies –they could add up quickly!

Besides helping you save money for that trip you urgently need to escape from work, or pair of stilettoes you can’t live without because they match perfectly with your new outfit, Acorns offers some other neat PERKS!!!

  •  Earn $5 for every time you refer this app to a friend and they open their Acorns account (you and that person will each get $5 deposited to your respective accounts)
  • Earn $1,000 referral bonus when 10 of your referrals open an Acorns account before the end of January (you will get $1,000 deposited to your account)
  • Earn money on your money (yes, that is correct!). Acorns invests every $5 you accumulate from your round-ups into a protfolio of stocks and bonds which in return can earn you more money for the money you are already saving! Note: your money’s growth rate will depend on what type of investment portfolio you chose (mine is “moderate”), and how much money you continue to add into your account. (But heyyy… at least your savings will be earning more than .01% for every dollar saved unlike my personal bank account!)
  • The Round-Ups feature can be incremented from 1X to 2X, 3X up to 10X the amount from your transaction’s round-up (I personally have upped my account to 2X –but  start out with 1X just to understand how this feature works).

 Just so that you know. . .there is a $1 monthly fee for all accounts with a balance under $5,000 and .25% of the balance per year on accounts over $5,000.

 Don’t wait any longer and start saving today! To download this app to your phone click here. Note: this is a secure site –my brother, some of my friends and colleagues, and I already open our Acorns accounts and have liked the app thus far!

 By all means, I am not saying that I am a professional financial advisor; I am just sharing my experience from using Acorns as a savings and investment tool, helping me meet my goal of saving more money this year.


P.S. This is not an “I love you” note, to download this app and earn your first $5 (WoOhoO!) click on any of the hyperlinks in this post from your phone.

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