Some of the greatest obstacles faced when investing for our future is lack of time to devote to investing and high dollar minimums just to get started with some brokerage accounts.

Once you have an adequate savings cushion (at least 3 months of expenses) and are actively contributing the max to a tax-advantaged IRA account and your employer’s 401(k) or 403(b) plans, then I typically look for ways to diversify your investment portfolio.

Acorns offers a taxable account solution to help new investors easily invest their spare change into Exchange Traded Funds (ETF) .  Through automatic roundups from purchases, Acorns make saving and investing easy, and most will be surprised by how quickly pennies accumulate.

How It Works:
When you swipe a linked debit or credit card, Acorns will invest the spare change from the transaction. For example, if you buy a coffee for $2.45, Acorns will invest the $0.55 for you.

The money is then invested into one of five portfolios that range from conservative to aggressive, based on your age, income, goals, and time-horizon.

The app is best for hands-off investors and for people who struggle with savings.

Interested in investing your spare change? Try Acorns and let us know what you think!