We’ve all thought of it. We’ve all wished we could do it. Just round up every purchase to the nearest dollar and put that money away for savings. Do away with all the spare change and skip the cumbersome penny jars!
Sure enough there is an App for that now!
The folks at Acorns.com - @Acorns - have made it happen and even took it one step further. Download the App (IPhone and Android), set up your account in seconds and every purchase is rounded to the nearest dollar AND invested with an automatic allocation algorithm. Just spend, save and watch your money grow as the App keeps you updated on your returns while only charging a minimal fee of $1.00 per month.
It will be interesting to see the evolution of this concept over time and with more participants entering the “easy savings and investing” space. But for the time being, it’s hard to find any reasons not to sign up and start saving/investing.