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VIDEO0:4900:49
Make It
The key for me was setting up "Auto-Stash," which let me choose a certain amount of money to have automatically transferred from my checking account to my Stash investment account on a consistent basis. Investing $5 a week seemed reasonable enough. That's one latte, two Vitamin Waters or a round-trip on the subway.
It wasn't until I got a new phone recently and was re-arranging the interface when I opened up Stash for the first time in nearly a year. Thanks to my small $5 transfers each week, and a 6.34 percent return, my portfolio had grown to just over $300.
My return for the year of $18.13 isn't anything to write home about, either, but had I put $286 in my savings account, which offers an interest rate of 0.01 percent, I would have earned just a few dimes. Even if I put that money in my high-yield savings account, which earns 1.45 percent a year, I would only have earned about $4.
I simply downloaded the app and linked the credit cards I use for everyday purchases. I also set up a recurring transfer: As with Stash, $5 will be sent automatically from my checking account to my Acorns account every week.
Don't miss: One simple strategy saved me thousands of dollars in 2017
I did a 'Cash Diet' for 8 weeks and saved over $1,000
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