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Acorns vs MoneyWiz

Acorns logo

Acorns

Software

Invest your spare change

From
On request
Rated
-
Full reviewWebsite
M

MoneyWiz

Software

Simple and powerful personal finance app

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only MoneyWiz has a free tier, so it costs nothing to try first.
  • Each has a real cost: Acorns a flat monthly subscription regardless of balance, so $3 a month on Bronze is a heavy percentage on a small account; MoneyWiz there is no free tier; every plan requires a subscription
  • They diverge on capability: Acorns covers Round-up investing, MoneyWiz covers Expense tracking.

Where they differ

Only the attributes on which Acorns and MoneyWiz actually diverge.

Attributes where Acorns and MoneyWiz differ
AttributeAcornsMoneyWiz
Starting priceOn requestFree
Pricing modelsubscriptionfreemium
Free tierNoYes
Founded20122011

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Acorns

  • Round-up investing
  • Automated investing
  • Portfolio management
  • Recurring investments
  • Debit cards

Only in MoneyWiz

  • Expense tracking
  • Budget management
  • Multi-currency support
  • Financial analytics

Both cover

  • Bank accounts
  • Credit cards
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Acorns

  • Automated investing of spare change from everyday purchasesnot MoneyWiz
  • Retirement saving through Acorns Later IRA accountsnot MoneyWiz
  • Checking and high-yield savings alongside investingnot MoneyWiz
  • Custodial investing and debit cards for children through Acorns Earlynot MoneyWiz
  • Earning cashback that is invested rather than bankednot MoneyWiz

MoneyWiz

  • Tracking personal accounts, budgets and bills across iOS, macOS, Windows and Androidnot Acorns
  • Syncing one finance database across multiple devices through MoneyWiz Cloudnot Acorns
  • Automatically importing transactions through bank syncnot Acorns

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Acorns

  • A flat monthly subscription regardless of balance, so $3 a month on Bronze is a heavy percentage on a small account
  • The emergency savings account and the 1 percent IRA match need Silver at $6 a month
  • Custom portfolios, Acorns Early for children and Money Manager are Gold tier only at $12 a month
  • There is no free tier

MoneyWiz

  • There is no free tier; every plan requires a subscription
  • Bank sync with over 40,000 banks is Premium only, at 59.99 USD a year or 5.99 USD a month
  • The Standard plan at 29.99 USD a year provides only cloud sync between devices, with no bank sync
  • Subscriptions cap usage at 15 devices and two MoneyWiz Cloud accounts
  • Priority support is restricted to the Premium tier

Pricing, plan by plan

Acorns

On request
  • Lite$4.99/month
    • Round-up investing
    • Automated portfolio
  • Plus$9.99/month
    • All Lite features
    • Checking account
    • Dollar-based investing
  • Premier$19.99/month
    • All Plus features
    • Premium investing

MoneyWiz

Free
  • FreeFree
    • Basic expense tracking
    • Multiple accounts
  • Premium$4.99/month
    • Advanced analytics
    • Budget forecasting
    • Custom categories

Which should you pick?

Choose Acorns if

  • You need round-up investing.
  • You work on Web, IOS, Android.
  • You also want automated investing.
Acorns review

Choose MoneyWiz if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want budget management.
MoneyWiz review

Questions people ask

Is Acorns or MoneyWiz better?
Neither clearly leads. Acorns starts at On request and MoneyWiz at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Acorns or MoneyWiz?
MoneyWiz has a free tier; the other does not. Paid plans start at On request for Acorns and Free for MoneyWiz.
Does Acorns or MoneyWiz run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use MoneyWiz for free?
Yes. MoneyWiz has a free tier, so you can try it without paying. Acorns starts at On request.
What is Acorns best used for?
Acorns is most often used for automated investing of spare change from everyday purchases, retirement saving through acorns later ira accounts, checking and high-yield savings alongside investing, custodial investing and debit cards for children through acorns early. Of those, automated investing of spare change from everyday purchases and retirement saving through acorns later ira accounts are not what MoneyWiz is typically brought in for.
What can Acorns do that MoneyWiz cannot?
Acorns covers Round-up investing, Automated investing, Portfolio management, Recurring investments. MoneyWiz covers Expense tracking, Budget management, Multi-currency support, Financial analytics. Both handle Bank accounts, Credit cards, Web support, IOS support.
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