Acorns App Review 2020: How I made nearly $1,000 after 1 year

Acorns app review 2020 : This article and personal case study will show you how I saved nearly 1000$ using the Acorns app without even noticing it, and found out that the companies I was investing in, actually effectively paid for the cost of the app via dividends.

That is right I’m going to show you how I saved money in the background of my life without even feeling it happening in my weekly actions or seeing it really have any impact on my financial life whatsoever. This app is 1$ a month, but when it was all said and done the companies I was investing in through the portfolio provided, covered that fee and then some with dividends alone before adding in the compounding interest gained throughout that year.

I have uploaded pictures right from the app on my phone that further show and explain the data covered and how the app has helped me save, invest, and make money through micro investing over a years time. 

Acorns App Review 2020: What is Acorns ?!

According to the dictionary Acorns are “the fruit of the oak tree, a smooth oval nut in a rough cup-shaped base”. The Acorns app however has absolutely nothing to do with that, sorry for the dad joke to start this out… and I’m not even a dad yet. Whew.

Acorns is an app that allows you the user (you and me)  to save money and invest seamlessly and effortlessly in the background during their daily life. How does this happen? Well you set up in the app to connect your credit card or debit card payments so that every time you make any purchase… the amount of cents that it would take to round up to the next whole dollar is saved into your account and invested for you. This form of micro investing is an excellent way to save in the background growing your net worth over time through saving and investing with each purchase.

For example if I purchased a $1.50 churro combo from the local gas station using a credit card that I have connected through my Acorns account. That would not only give me a very delightful yet greasy hunger curbing cylindrical meal… it would also invest .50 cents (rounding up to the whole dollar) into my acorns account. 

Another example if I bought $9.99 cents of gas (because who fills their gas tank up, no one is that rich) then only .01 cents would be added to my Acorns app. So you can see based on the size of any purchase this can be a very small amount, with the largest amount an Acorns round-up will be is 1$. Your round-up will hit the 1$ amount on a transaction that costs exactly to the nearest dollar, such as 10.00$ gas will round up to 11.00$, with that extra dollar going into your savings and selected investment on your Acorns app. Pretty simple and easy right?!

How I use Acorns app:


My Acorns account is currently at 837.38 at the time of writing this article, and I have not had my round-ups function on for approximately a year. I started out with round ups on my non rewards capital one platinum credit card and then honestly just forgot to switch over the round-up when I switched over to my new credit card, which I am still using, the glorius Citi-Bank Double Cash card. I will be writing soon about why I love this card so much, but check out the link if you are interested (from my research and personal experience need right around 700credit score and above to apply successfully).


So if I didn’t have round-ups on my credit card for that period, how did I save up hundreds of dollars over the course of a year. Well in about a minute I set up a recurring investment of the low amount of 10$ to occur every week and just be auto deposited every 7 days into my Acorns app. 


Recurring Deposits:

This is one of the features that I really like about this app. I love things that make personal finance simple and furthermore make investing simple and happen in the background. Just like the amazing invention of the company 401K… it happens in the background without us having to take the time, effort, or put in the thought of putting our precious money away for later. Because when we as humans have to actively watch our money go away into savings or investments it is very difficult to watch it go, and say goodbye. 

So weekly I personally decided with not much thought put in, “Hey lets throw in 10$ a week into this, that’s not even as much as a pretty average medium Pizza in my area…not a big deal.” That decision has turned into several hundreds of dollars over the course of a year since I put that into effect. And the best part, I didn’t even notice… it happened in the background. How many times do you make a 10$ purchase without really thinking too hard about it, I would guess more often than you think. Most meals are right around this price after a drink and side even at a fast food place these days. So with that each week being put into the savings automatically, if that’s all I did, I would have 520$ in the account. Now add this to your account when you are already doing Round-ups and you are going to see some money pile up in the Acorns. 

I just love this app…


How the Acorns app invests your funds:

Acorns takes the funds from your round-ups and/or recurring deposits, and invests them in a group of portfolios. These Acorns Portfolios were structured with help from Nobel Prize winning economist Dr. Harry Markowitz and are comprised of ETFs (exchange traded funds) from trusted well known investment companies such as Vanguard and BlackRock. I would have to say for me and all of us, If you have won a nobel prize in economics, he is most likely are going to put together a better portfolio than each of us would make from scratch. Therefore, I believe you are in good hands here. I have listed below the make-up of each of the investing categories Acorns offers, followed by recommendations under that of where you may want to start.



40% Short Term Gov Bonds

40% Ultra Short Term Corporate Bonds

20% Ultra Short Term Gov bonds

Moderately Conservative:

24% Large Company Stocks

4% Small Company Stocks

4% Real Estate Stocks

30% Government Bonds

30% Corporate Bonds

8% International Large Company Stocks


29% Large Company Stocks

10% Small Company Stocks

3% Emerging Market Stocks

6% Real Estate Stocks

20% Government Bonds

20% Corporate Bonds

12% international Large Company Stocks

Moderately Aggressive:

38% Large Company Stocks

14% Small Company Stocks

4% Emerging Market Stocks

8% Real Estate Stocks

10% Government Bonds

10% Corporate Bonds

16% International Large Company Stocks


40% Large Company Stocks

20% Small Company Stocks

10% Emerging Market Stocks

10% Real Estate Stocks

20% International Large Company Stocks


Which Acorns App Portfolio is best?


This will differ greatly between individuals based on risk tolerance. So a simple rule of thumb, the younger you are the higher risk tolerance you may want to take on. This is because if a more aggressive portfolio comprised of mostly stocks tends to take a dip, you have a longer time line to wait it out and let that money recover and then earn more. Whereas, if I am older in age and nearing my planned retirement in 5 years, I may want to select a more conservative investment choice comprised of more Bond related ETFs.

Personally I am under 30 years old and I selected the Aggressive portfolio as a result. Over the past year I have seen a 10.91% return on my investment over the past 1 year and an 8.88% return since the time of starting my account in May 2018. I am very happy with that return on any investment and I think you should be too… But if you are older and closer to your retirement, or just more risk averse, Acorns offers plenty of other viable portfolio options to choose from that can fit your liking.

Acorns App Review 2020:  Fees and overall Cost


Now, for the good part… With all the positives involved, this app can’t be free right?! That is correct, that would be too good to be true. However, all of the good comes at a cost that is very worthwhile in the end of the day, and you come out in the positive in the end. 


  • Accounts under 5000$: 1 dollar a month
  • Accounts over 5000$: 0.25% of your total Acorns Assets

I myself was quite skeptical at the beginning with thoughts like, “is this app worth 1$ a month” or “Will I even make back enough with my investment to cover the 1$ per month cost”. Well those thoughts and concerns have now been answered after being an Acorns User for over a year and a half. The app has made me many times more than the 1$ monthly payment, and I didn’t have an answer to this before I signed up so I want you to know, therefore let me show you:


Acorns app review 2020 ( 1 year results)

+$83.37 (Market Gain on investments)

+$12.91 (Dividend income Reinvested)

-$12.00 (Annual Cost of Acorns App)



$84.28 1 year Net gain AFTER 1$ a month App fee!!!


As you can see here the 1$ Acorns app cost is covered over the course of the year by the dividend payment,which will cover that and much more once your account balance is built up over the years. And in my opinion the 1$ fee even if you didn’t have a large balance to have the dividends cover the payment is still a good deal for an app to help you save so effortlessly in the background. I want to highlight the fact that the $12.91 dividend payment is the amount that the companies that you invest in through these portfolios is almost a dollar more than the annual cost of the app, and I only have a balance of 838$. So it does not take long at all for that dividend payment to cover the cost of the app! Therefore in the end, at this point the companies I am invested in through the aggressive portfolio in this app, are actually paying the cost of my acorns fee and then some… effectively making the app free in the end. Now that is awesome ladies and gentlemen, that gives a frugal guy like me goosebumps!


Should I get the Acorns App?


From my personal experience. Yes! Absolutely Yes. This app is simple, streamlined, the app itself is visually beautiful, and the investment portfolios are sound and effective while being created by a Nobel prize winning economist. I love this app and have never had a problem with it in my experience. I wanted to give you solid review with the features along with my own personal experience with the app, because this is exactly what I was looking for when I signed up, over a year and a half ago. So I hope this read can help someone like me out there looking to find an easy way to invest some spare change that turns into real money over time!


If you benefited from this article and decide to sign up with Acorns based on my positive experiences, Click the link below to start investing with Acorns today. I will get a small commission if you end up using my link and I will see ya in the acorns community, as I will continue to gladly be an Acorns user! Thanks Everyone.

Acorns Referral:


If you got anything out of this article leave a comment below, I’d love to hear from you or answer any other questions you may have!

Leave a Reply