Finder makes money from featured partners, but editorial opinions are our own.

Money Hack: Turn your spare change into an investment portfolio for your kids

school kids 450

school kids 738

Micro-investing app Acorns has launched a new feature allowing you to invest for your children.

Starting a savings fund or investment portfolio for your kids is a great idea and is something that can really help set them up later in their lives. But with so many different options available, it can be confusing knowing where to even start.

What if there was a way that you could start an investment portfolio for your kids without really doing anything? Well, you guessed it, there is.

The hack

I'm sure you've heard of Acorns, the popular micro-investing app that takes your spare change from everyday purchases and invests it on your behalf. The beauty of the app is that you don't need to change any of your existing spending or savings habits. It simply rounds up your transactions to the nearest dollar amount you've selected and adds that change to your portfolio.

Acorns has been increasingly popular since it launched in 2016, particularly with millennials who favour the fuss-free, easy investing strategy. Earlier this month, it announced the launch of its latest feature, Little Acorns, which allows you to divert a portion of your spare change towards an investment account for your child. The best part is that if you're already an Acorns user, Little Acorns sits as a feature within your existing account.

As an example, you could choose to allocate 10%, 20% or even 50% or more of your Acorns balance into a fund for your child. If you decide to allocate 50% to your children and you top up your balance by $500, then $250 would be allocated to Little Acorns. If you had two children, the app will split the $250 you've allocated to Little Acorns straight down the middle. It's an easy way to start saving for your children without thinking about it.

You may also be interested in

Get more from Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site