How to Make Money from Acorns: A Comprehensive Guide
Acorns is a popular micro-investing app that allows users to invest small amounts of money into a diversified portfolio of stocks and bonds. But did you know that you can also make money from Acorns in several other ways? In this article, we’ll explore various methods to help you maximize your earnings from Acorns.
1. Acorns Referral Program
One of the simplest ways to make money from Acorns is by referring friends and family to the app. When someone signs up for Acorns using your referral link, you’ll receive a bonus of $5 in Acorns for each referral. This can be a great way to earn extra cash without doing much work.
Here’s how to take advantage of the Acorns referral program:
- Go to the Acorns website or app and find your referral link.
- Share the link with friends and family via email, social media, or text message.
- Once they sign up and link a bank account, you’ll receive your $5 bonus.
2. Acorns Round-Up Feature
The Acorns Round-Up feature is a unique way to save money without even trying. It automatically rounds up your purchases to the nearest dollar and invests the difference into your Acorns investment account. This small change can add up over time and help you grow your investments.
Here’s how to use the Acorns Round-Up feature:
- Link your bank account to Acorns.
- Enable the Round-Up feature in the app settings.
- Acorns will round up your purchases and invest the difference.
3. Acorns Cash-Back Program
Acorns has partnered with various retailers to offer cash-back rewards on purchases made through their app. When you shop at participating stores using the Acorns app, you’ll earn cash-back that can be automatically invested into your Acorns account.
Here’s how to use the Acorns Cash-Back program:
- Download the Acorns app and link your bank account.
- Search for retailers in the app’s cash-back section.
- Shop at the selected retailers and earn cash-back.
- Acorns will automatically invest your cash-back earnings.
4. Acorns Spend Account
In addition to investing, Acorns offers a Spend account that allows you to earn interest on your spending. The Spend account is a checking account that offers a higher interest rate than traditional banks. You can link your Spend account to your Acorns investment account, and any interest earned will be automatically reinvested into your investments.
Here’s how to use the Acorns Spend account:
- Open an Acorns Spend account by linking your bank account.
- Make purchases using your Spend account and earn interest.
- Link your Spend account to your Acorns investment account.
- Acorns will reinvest the interest earned into your investments.
5. Acorns Invest Account
The Acorns Invest account is the core of the Acorns app, allowing you to invest small amounts of money into a diversified portfolio of stocks and bonds. By investing consistently, you can grow your money over time and potentially earn higher returns than traditional savings accounts.
Here’s how to use the Acorns Invest account:
- Open an Acorns Invest account by linking your bank account.
- Choose an investment portfolio that aligns with your risk tolerance and investment goals.
- Set up automatic transfers to invest small amounts of money regularly.
- Monitor your investments and adjust your portfolio as needed.
6. Acorns Acorns Later
Acorns Later is a retirement account that allows you to invest for the long term. By investing small amounts of money regularly, you can grow your retirement savings and potentially benefit from tax advantages.
Here’s how to use Acorns Later:
- Open an Acorns Later account by linking your bank account.
- Choose an investment portfolio that aligns with your retirement goals and risk tolerance.
- Set up automatic transfers to invest small amounts of money regularly.
- Monitor your investments and adjust your portfolio