Software Alternatives & Reviews

Digit VS Betterment

Compare Digit VS Betterment and see what are their differences

Digit logo Digit

SMS bot that monitors your bank account & saves you money

Betterment logo Betterment

We manage your investments so you don't have to.
  • Digit Landing page
    Landing page //
    2023-04-26
  • Betterment Landing page
    Landing page //
    2023-03-25

Digit videos

Digit App Review: 4 Things to Know About the Automated Savings App

More videos:

  • Review - Digit App Review 2019
  • Review - Digit App Review 2020

Betterment videos

BETTERMENT REVIEW 2020: Best Robo-Advisor Tool?

More videos:

  • Review - The #1 PROBLEM with Betterment Investing
  • Review - BETTERMENT REVIEW 2020 - Making Investing EASY

Category Popularity

0-100% (relative to Digit and Betterment)
Personal Finance
72 72%
28% 28
Finance
0 0%
100% 100
Fintech
100 100%
0% 0
Financial Planner
100 100%
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Digit and Betterment

Digit Reviews

We have no reviews of Digit yet.
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Betterment Reviews

When is Robinhood Coming to Australia? Alternatives for 2022
No, Betterment and Wealthfront are not available in Australia either. Only US citizens/Green Card holders are eligible to open an account on these platforms (some exceptions apply in the case of Betterment).

Social recommendations and mentions

Based on our record, Betterment should be more popular than Digit. It has been mentiond 11 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Digit mentions (2)

  • Discussion Megathread for those considering other options. Let me know what I can do to help.
    Has anyone thought about using Digit's bank account? Seems like it has a lot of similar features to One/Simple. I'm definitely intrigued! https://digit.co/. Source: almost 2 years ago
  • Wealthfront adds "Cash Categories", very similar to Goals and Safe-to-Spend
    Also, just want to point out for anyone else who's reading that I'm not sure how well this would work for microbudgeting — e.g. gas, food, power bill, etc. — feels like that would be tedious to use with this UI. For me, I'm just setting aside rent, an emergency fund, credit card payments, and "fun money" so they're separate from my main balance. It's more like Digit than YNAB. Source: about 3 years ago

Betterment mentions (11)

  • What to do with extra $13k as a 20 year old
    Go to betterment.com and put it in their cash reserve. You'll get a good interest rate that should help at least reduce some inflation risk. Source: 12 months ago
  • Financially illiterate
    If you want a less frightening way to invest, betterment.com was my gateway into investing. It has a pre-selected basket of index funds and bonds, and you can just select your risk tolerance, set up a deposit schedule, and they take care of the rest. I started with $10/paycheck 11 years ago, and now I have almost $20,000 invested as I kept increasing my automated deposits as my salary grew. Source: about 1 year ago
  • Weekly note about a direct competitor outdoing M1+
    Also about Betterment: they too started offering crypto at exactly the wrong time, but unlike M1 they have the decency to hide it from view! If I go to betterment.com now, I don't see any reference to crypto on the main page unless you scroll all the way down to the site map at the bottom. That's something else that M1+ could offer:. Source: over 1 year ago
  • Moving out at 18, no idea how to be an adult.
    Lastly sign up for a free investment app like acorns, betterment.com, robin hood etc. Once you've got your budget setup dump everything else into those when combined with your credit card buffer you can always pull back out or preferrably reduce next months investments if you find yourself low on funds one month. Source: over 1 year ago
  • Newbie Question - Investment Account
    There are muuuuuuch better options today that Edward Jones. Your "local guy" makes a living adding maintenance costs to your account. The original poster here could do really well by checking out betterment.com and just following the on-screen prompts (they offer IRAs, too). Next time you meet with your local guy, ask him how much (the exact dollar amount) he's made from the fees on your investment account...and... Source: almost 2 years ago
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What are some alternatives?

When comparing Digit and Betterment, you can also consider the following products

Penny - Penny is a personal finance app that takes the pain out of keeping track of your finances.

Wealthfront - Automated, low cost investment service

Qapital - Qapital is an easy to use Finance application that allows you to save money automatically and take control of your spending.

Riskalyze - Riskalyze is a quantitative system for identifying client risk tolerance, aligning portfolios to client expectations, and quantifying the suitability of investments.

Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.

HiddenLevers - HiddenLevers gives genuine business insight to C-Suites of financial institutions, customers, and productivity from the whole firm right down to the individual’s business.