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Spendee vs Acorns

Spendee logo

Spendee

Software

Budget and money management made easy

From
Free
Rated
-
Full reviewWebsite
Acorns logo

Acorns

Software

Invest your spare change

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Spendee has a free tier, so it costs nothing to try first.
  • Each has a real cost: Spendee the free Basic plan allows one cash wallet and one budget; Acorns a flat monthly subscription regardless of balance, so $3 a month on Bronze is a heavy percentage on a small account
  • They diverge on capability: Spendee covers Expense tracking, Acorns covers Round-up investing.

Where they differ

Only the attributes on which Spendee and Acorns actually diverge.

Attributes where Spendee and Acorns differ
AttributeSpendeeAcorns
Starting priceFreeOn request
Pricing modelfreemiumsubscription
Free tierYesNo
Founded20132012

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 Spendee

  • Expense tracking
  • Budget management
  • Shared wallets
  • Financial analytics

Only in Acorns

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

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

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

Spendee

  • Tracking personal spending across cash and bank accountsnot Acorns
  • Sharing a budget or wallet with a partner or householdnot Acorns

Acorns

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

Where each one falls short

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

Spendee

  • The free Basic plan allows one cash wallet and one budget
  • Shared wallets are excluded from the free plan
  • Premium at $5.99 a month is triple the $1.99 Plus plan, and the pricing page does not quantify what separates them beyond shared wallets
  • Bank sync depends on a supported bank list rather than being universal

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

Pricing, plan by plan

Spendee

Free
  • FreeFree
    • Expense tracking
    • Budget creation
    • 3 wallets
  • Premium$6.99/month
    • Unlimited wallets
    • Advanced analytics
    • Investment tracking

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

Which should you pick?

Choose Spendee if

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

Choose Acorns if

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

Questions people ask

Is Spendee or Acorns better?
Neither clearly leads. Spendee starts at Free and Acorns at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Spendee or Acorns?
Spendee has a free tier; the other does not. Paid plans start at Free for Spendee and On request for Acorns.
Does Spendee or Acorns run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Spendee for free?
Yes. Spendee has a free tier, so you can try it without paying. Acorns starts at On request.
What is Spendee best used for?
Spendee is most often used for tracking personal spending across cash and bank accounts, sharing a budget or wallet with a partner or household. Of those, tracking personal spending across cash and bank accounts and sharing a budget or wallet with a partner or household are not what Acorns is typically brought in for.
What can Spendee do that Acorns cannot?
Spendee covers Expense tracking, Budget management, Shared wallets, Financial analytics. Acorns covers Round-up investing, Automated investing, Portfolio management, Recurring investments. Both handle Bank accounts, Web support, IOS support, Android support.
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