12 Aug Acorns and Digit Update
Since it’s Friday and I’ve been excited about my investments the past week, I wanted to share my Acorns and Digit update with you. I’m still having a good time watching both of these accounts grow. What started out as a research project has turned into a source of cash for my family. I love that these companies have found new ways to help people save and invest. Here’s the low down on how they’re doing.
My investment account is currently at $319.42. With a 4.6% return since I started the account on May 10, 2016. I think that’s not bad since I spent less than 30 minutes setting it up. Thus far, I’m still enjoying watching it grow from the spare change from my regular spending. I would still recommend Acorns if you want to begin investing or would like to try another method to invest your money.
My savings account is currently at $1,095.42. Crazy! I’m very excited about this savings because I initially set it up to test it out. I have a lot of clients tell me they can’t save $1000 for emergencies, and I thought this might be something I could recommend to people. It has proven correct! Digit has automatically saved more than $1k for me in less than three months. My current balance also includes a 7-day hold I put on the account to pause my savings. Which I did because we moved money from our primary savings account into our checking for the purchase of a new-used vehicle. We didn’t want any of that money moved back to savings. I would still recommend Digit for saving money, especially if you aren’t in the habit already.