How to use Acorns, the app that helps you easily turn your spare change into an investment portfolio


jeff walter Cruttenden acorns founders


Acorns cofounders, father and son Jeff (L) and Walter (R) Cruttenden.

Acorns is an app that was designed for a single underlying purpose: to make investing a small decision instead of a big one, cofounder Jeff Cruttenden tells Business Insider.


Cruttenden wanted to make it easy for people, primarily those who were younger, to start investing a little at a time. To do that, Cruttenden built Acorns in a way that distills investing down to a decision of "how much" you want to invest and "how much risk" you want to take.

There are two ways you can invest money in Acorns. First, you can make a lump sum or recurring deposit. Simply select how much money you want to invest and transfer it from your bank. The second way is "round-ups." After you connect debit or credit cards, you can set Acorns to "round up" your purchases and invest the difference - if you spend $8.46 on lunch, Acorns will invest the $0.54.

Then you select how much risk you want to take, and Acorns invests the money into low-cost exchange-traded funds (ETFs).

Here's what it's like to use Acorns: