Here’s How to Start Investing, Even If You Only Have $5

A young black man dressed smiles at the camera while leaning against a red brick bulding.
Carmen Mandato/The Penny Hoarder
Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

We’ve all heard the old “make your money work for you” adage, right?

That means taking basic Finance 101 steps — like investing. Sounds great. But who has that kind of money just lying around? We’re busy working for a living and trying to make our budgets work.

But investing can be for everyone — even if you only have $5.

How to Invest With Just $5 in Spare Change

Rounding up purchases to the nearest dollar is all the rage right now. Those remaining pennies add up fast.

Acorns is embracing the trend and allows you to start investing with just $5. It’s all done with a few taps on your phone. Plus, you’ll get a $5 bonus when you sign up.

Once you download the free app, you’ll pick your portfolio based on your age, income level and your goals. Acorns handles the rest; you don’t have to pick and choose individual investments.

Then, if you choose to round-up your transactions to the nearest dollar, that spare change will stack up until it hits $5, which Acorns will invest for you.

Each month, you’ll pay $1 for the service. If you work your way over $5,000, you’ll be charged 0.25% of your balance per year.