Want to learn more? Look no further.

Articles for You


How You Can Instantly Invest Spare Change

According to a poll, around 80% of millennial's are not investing in the stock market. 40% of them believe they do not have enough money to do so. This hasled to a rise in finance experts simplifying the processes of investments to demystify it. They have attempted to direct people’s attention towards user-friendly money-saving apps like acorn, digits, etc. 
If you’re in the same boat and think there is nothing left for you to save, this is high time to realize that you can invest your spare change. And it starts with just a couple of dollars in your wallet. We have listed a few of the most popular investment apps to help you save your spare change and get 100% benefits off of every dollar you can spare.


Acorns has been one of the more popular for money-saving apps that have been recently going around. It was launched in 2014 with the idea of people investing their spare change. The way it works is that it rounds up each debit or credit card purchase to the nearest dollar, investing the extra pennies in several portfolios of low-cost index ETFs. 

The app has now invested in several programs. It has gone from micro-investing to giving its users the option to begin investing with $5 in Roth IRA, Traditional IRA, or SEP IRA. For $3 a month, users can access FDIC protected checking account and debit cards, which allow real-time roundups and free ATM withdrawals.   


Chime, too, was launched in 2014 and started with offering bank accounts that include auto-saving features. It then moved on to offer a visa debit and an optional high-yield savings account. You have two automatic savings programs you can benefit from through Chime. 1- Round-Up and 2- Save When I Get Paid When you enable the round-up feature, the app automatically rounds up purchases made on the Chime debit card to the nearest dollar. It transfers the change from the current account to your savings account. This way, you end up investing your spare change. 

The Save When I Get Paid program allows its members to use direct deposit to automatically transfer up to 10% of every paycheck directly into their savings account. These programs will help you save up a good chunk every so often in the month.   

Tip Yourself

This app is more of a development of the self and how you want to reward yourself for things you are proud of not doing. For example, if you passed by a store and didn’t buy this extremely expensive jacket, and instead you reward yourself by transferring some amount into your savings account. It is like the name suggests, a ‘Tip’ for job well-done. It’s a relatively simple process of tapping the button to transfer money to your savings each time you reward yourself. You can also send a percentage of your paycheck each month to your savings account. However, you do not earn interest through this, and rather it is a self-disciplining app that encourages you to save money in a ‘temporary piggy bank.’ 

Parting Note

We hope the most popular investment apps we listed in this blog will help you invest your spare change. Overtime, spare change will turn into a substantial investment and to your surprise, you will have accumulated enough money to pay off any debt you may have or help pay off an installment or two for your car 


If you love benefits, you'll love us. If you don't, well, we're still here to help.

Select Preferred Network uses cookies to ensure that we give you the best experience on our website. By using the website you agree to our use of cookies.