<prompt> Human: So Acorns has just launched in Australia and I was wondering what you guys thought about apps like these that make it easy for people to get into managed funds and whether or not they are a viable way to invest save money? Not sure if this belongs here or in rinvesting but will xpost either wayIve paid off 20000 in debt over the past 12 months and have 10000 to go before Im at 0 and am looking for ways to start saving for the future. At the moment Im paying 500 off my debt each week but want to start thinking about what to do once Ive paid it all off. Any thoughts will be appreciated :Assistant: Acorns is crazy expensive, especially for its target market of very small investors. Roboadvisors like Wealthfront are better, but still more expensive than just buying the ETFSmutual funds straight from the brokerage. Human: From what I read theres pretty high minimum balances that you have to have before getting into a lot of managed funds. I see acorns as a way to start good habits before I actually have the cash to start investing in sharesfunds myself.. Initially I was thinking about self selecting 500 worth of shares a week to get in the game but brokerage fees and the risk are obviously on my mind. Am I being crazy here or are there things Im not taking into consideration? Emergency fund is sorted btw :  <response>: Well the target date funds through vanguard have a 1k minimum, so if youre willing to wait literally two weeks to get started you can avoid ALL Acorns fees. 