Technology is a wonderful thing. It is easier than ever to do anything from your phone: pay bills, play games, and even buy a car. There are a lot of great apps out there for saving and investing as well. I found four in particular that are free to download and easy to use. You can even earn some extra money (or stocks) through these apps. Let’s dive right into it.
Stash is an app that lets you invest money straight from your phone. They make it easy to connect your checking account and start investing with as little as $5. They are SEC certified (Securities and Exchange Commission) so you can invest in stocks, bonds, mutual funds, and other investment types that you would normally have to use a company like Fidelity or Vanguard for. You invest as little or as much money as you want and watch it grow. I stopped using Stash as my investment app for the next one I’m going to talk about, but they are similar and it is up to your preference. When you refer someone to Stash, you both get $5. Pretty sweet deal right?
Acorns is similar to stash because you are investing money into different securities and they are certified by the SEC. The big difference though is how the money is invested. With Acorns you connect a credit or debit card to your account. When you purchase anything, it rounds up your amount to the next dollar and invests that money in your Acorns account. For example, if you buy something for $10.30, it will automatically round up to $11.00 and invest that $0.70 into your account. A lot of us are bad with managing money, so Acorns does it for you with no effort on your part. You can also choose to automatically deposit a certain amount weekly or monthly. You’ll be building a large investment fund without even noticing! Acorns has some other cool features that I won’t get into, but you can check them out on their website. I would recommend doing either Acorns or Stash depending on your preference. If you sign up here we will both get $5 added to our accounts. You can then invite others to join and get $5 for everyone who signs up!
Robinhood is an app that is all about buying and selling stocks. You can feel like the Wolf of Wall Street without even leaving your house. Robinhood let’s you add money to your account and use that money to buy stocks. They have metrics on how much individual stocks have gone up or down as well as the value of your stock portfolio. Robinhood is a great app if you want to play around in the stock market, choosing how much you invest. Instead of $5, you can get a free stock (valued anywhere from $2 to $200) if you click here and start investing. Just like Stash and Acorn, you can then invite your friends or family and you will each receive a stock for everyone who signs up.
Dosh is a great app because there is 0 risk involved. Instead of investing money, Dosh lets you earn cash back on purchases. You link a credit card to your account and if a company is affiliated with the Dosh program then you will automatically get cash back. You can use the app to see what companies offer cash back by your location. What I did is just download the app, connect my card, and forget about it. Once in a while I get a nice notification that I got fifty cents or a few dollars back. It’s not a lot of money, but you can get cash back for things you already purchase, free money is free money. You can use my referral link here to start earning money back then, of course, invite others to join if you choose.
There you have it folks. Who doesn’t like making money? I hope you all check out these apps and start using them to earn and invest money. Which of these apps is your favorite? What apps have you found to earn and save money? Let me know in the comments below! As always, thanks for reading.