Turn spare change into big bucks

Screenshot of acorns.com(Photo: acorns.com)What if, instead of needing thousands of dollars to start investing, all you need is spare change?That's the idea behind a new app called Acorns. Acorns tracks your purchases and rounds each of them to the nearest dollar; it takes the leftover change from a purchase that costs say, $2.75, and invests the remaining 25 cents that would have made the purchase $3 in index funds.The app, which isn't available for download yet, links to your credit and debit card accounts and will ask you questions about your investment style — risky or conservative. Acorns uses your answers to recommend a portfolio, and you may change to a more or less aggressive portfolio at any time. The investments are linked to the market, so there's more risk involved than letting the money sit in your bank savings account, but that means there's also likely more reward."The goal is to invest small amounts of money more frequently," says co-founder Jeff Cruttenden. "It's hard to for many to part with $50, but it's much easier to part with $1 50 times."Acorns calls the service micro-investing. It's being marketing primarily to Millennials, who are accustomed to paying for everything with plastic and rarely part from their smartphones. Plus it's a platform that doesn't require the thousands of dollars – money most Millennials don't yet have – usually needed to start an investment account. The app is free. Then it's $1 a month for the service. There will also be a 1% management fee. But Acorns will give you $5 to start your account.Acorns estimates that people who make frequent purchases could rack up $50 in extra change each month that ends up getting invested. The app is set to launch in the second quarter. Until then, you can sign up to be on the list for early release of the app at acorns.com. Read More >

Turn spare change into big bucks –

Screenshot of acorns.com(Photo: acorns.com)What if, instead of needing thousands of dollars to start investing, all you need is spare change?That's the idea behind a new app called Acorns. Acorns tracks your purchases and rounds each of them to the nearest dollar; it takes the leftover change from a purchase that costs say, $2.75, and invests the remaining 25 cents that would have made the purchase $3 in index funds.The app, which isn't available for download yet, links to your credit and debit card accounts and will ask you questions about your investment style — risky or conservative. Acorns uses your answers to recommend a portfolio, and you may change to a more or less aggressive portfolio at any time. The investments are linked to the market, so there's more risk involved than letting the money sit in your bank savings account, but that means there's also likely more reward."The goal is to invest small amounts of money more frequently," says co-founder Jeff Cruttenden. "It's hard to for many to part with $50, but it's much easier to part with $1 50 times."Acorns calls the service micro-investing. It's being marketing primarily to Millennials, who are accustomed to paying for everything with plastic and rarely part from their smartphones. Plus it's a platform that doesn't require the thousands of dollars – money most Millennials don't yet have – usually needed to start an investment account. The app is free. Then it's $1 a month for the service. There will also be a 1% management fee. But Acorns will give you $5 to start your account.Acorns estimates that people who make frequent purchases could rack up $50 in extra change each month that ends up getting invested. The app is set to launch in the second quarter. Until then, you can sign up to be on the list for early release of the app at acorns.com. Read More >

Tasmania election: an uneasy sense of deja vu hangs over Labor

Tasmania election: an uneasy sense of deja vu hangs over Labor | World news
Lara Giddings heads to the polls on Saturday in a seemingly futile attempt to persuade Tasmanians to extend Labor’s 16-year tenure. Photograph: Alan Porritt/AAP
A tough but beleaguered female Labor leader in a politically damaging alliance with the Greens, assailed by a populist, conservative opposition that enjoys a yawning lead in the opinion polls.
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Save of the Day: Free wake up call service

CLEVELAND -- Sleeping in can cost you big, but waking up should always be free! That's the motto behind today's wake up call service.How many times have you missed your morning alarm or forgot to set it in the first place? Today one free service can make sure you never miss anything important again.I realize many of us rely on our smartphone alarm clocks, but that's not always smart. No smartphone is immune to a tech or alarm glitch.In my continued search to save you time and money, today's service, which I use every day as a back up alarm, is a solid freebie. Read More >