Alright, I’ll be honest. I’m highly aware that investing in our future is a good idea, but we really love traveling and we’re pretty motivated to pay off all of our student loans as quickly as possible.
We’re on track to pay off over $18000 in 2019!
All that said, we really haven’t dove deep into the retirement investing world all that much. Sometimes I’m embarrassed by it and other times I remind myself there’s no one “right” way to do anything. Ever.
Especially when it comes to financial decisions.
Our philosophy is that nothing is guaranteed in life so we should enjoy every moment we have. That doesn’t mean we spend irrationally (ok, maybe a little on food + bevvies), but it does mean we don’t always choose to invest in our future because YOLO.
As I was thinking about creative ways to save money without taking big chunks out every month for an IRA, Acorns was shared with me and it was the perfect solution to my pain point.
Acorns takes every purchase, rounds up to the nearest dollar, and invests it into an IRA. You can also make recurring investments as well like $10/month or week or day. We’ve been using it for about a year and have $600 from round-ups and investing $20/month.
As we continue using it year after year, it will be great to watch it grow and not really notice from our regular spending. It’s $1/month to use their service, which some people really dislike, but it’s absolutely worth it to us!
To be honest, as individuals with a pretty inconsistent income due to self-employment, this option is really great for us! Some months are simply tighter than others so we can back off the recurring or stop the round-ups if we’d like! I prefer to keep it all on and back off spending in other areas to keep our future money growing, but love the option to change it when and how you please without going through a financial planner.
If you’re looking for a simple app that is incredibly easy to use and that gives you some extra $$ to invest in your future, I’ve enjoyed using this service and find that even $50/month leaving my life is barely noticeable and can only grow as we grow our businesses!
If you end up signing up using this link, Acorns will give us both $5 so together we can be savvy investors in our future.
Do you have any other services you use for retirement investing that are not incredibly traditional?