is acorns actually a good way to save and invest money or should

>let me allow a company to track my finances and charge a monthly fee to do so because I'm too lazy to keep receipts use a spreadsheet

>>1664082
so what do you suggest i do with my money just sitting in my checking account

>>1664082
If you have less than $5000 in your acorns account it's a dollar a month. If you have more than its a .25% annual fee.
If you go to college and have a .edu email address its free for up to 4 years.

I have acorns and I'm slowly saving on the side to open a legitimate investment account on a larger scale. I started acorns with $100 bucks with $20 a month deposited and whatever extra money I have to deposit. I've made about ~$20-$30 bucks in investments and dividends. It isn't horrible, good for people starting small

>>1664109
>allowing some business to track everything you spend

i just want a secure future mane

so what do i do with my money then

>>1664127
Pre-Phase: Develop a budget. Track your expenses for a few months. Put everything in a category and track it in a spreadsheet. Then determine what you can cut back on. Are you paying hundreds a month for muh 1,000 mbps download speeds internet even though you really only need a $50/month plan to browse 4chan and play video games online? Are you spending $100 a week on eating out for lunch instead of packing your own? Are you spending $150/month on a cell phone instead of a $50 pre paid? Etc.

Step 1: Have an emergency fund in a savings account or Money Market that covers at least 3 months living expenses

Step 2: Pay off debts by making extra principle payments. Or just continue paying the monthly payments if the interest rate is lower than what you could get from investment returns.

Step 3: Invest. A stock market ETF is probably the safest bet. Put 90% in a total stock market ETF and 10% in a bond market ETF. As you get older and closer to retirement, move more of your capital into bonds to reduce risk. Put monthly contributions in and ignore the noise.

Fuck off shills

>>1664134

so I'm at step 2 right now

okay thanks for the guideline i'll try to stick to this