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E*TRADE vs Goodbudget

E*TRADE logo

E*TRADE

Software

Express your investing style

From
On request
Rated
-
Full reviewWebsite
Goodbudget logo

Goodbudget

Software

Digital envelope budgeting app

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Goodbudget has a free tier, so it costs nothing to try first.
  • Each has a real cost: E*TRADE stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023); Goodbudget free plan is capped at 10 regular envelopes, 10 more envelopes, 1 account, 2 devices and 1 year of history
  • They diverge on capability: E*TRADE covers Advanced trading tools, Goodbudget covers Envelope budgeting.

Where they differ

Only the attributes on which E*TRADE and Goodbudget actually diverge.

Attributes where E*TRADE and Goodbudget differ
AttributeE*TRADEGoodbudget
Starting priceOn requestFree
Pricing modeltransactionfreemium
Free tierNoYes
Founded19562012

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 E*TRADE

  • Advanced trading tools
  • Options and futures
  • Research tools
  • Mobile trading
  • Wire transfers

Only in Goodbudget

  • Envelope budgeting
  • Shared budgets
  • Receipt scanning
  • Expense tracking

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.

E*TRADE

  • Budget Managementnot Goodbudget
  • Expense Trackingnot Goodbudget
  • Investment Trackingnot Goodbudget

Goodbudget

  • Envelope method budgetingnot E*TRADE
  • Sharing a household budget across a couple's devicesnot E*TRADE
  • Tracking debt payoff alongside envelopesnot E*TRADE

Where each one falls short

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

E*TRADE

  • Stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023)

Goodbudget

  • Free plan is capped at 10 regular envelopes, 10 more envelopes, 1 account, 2 devices and 1 year of history
  • Automatic bank sync is Premium only and works with US banks only
  • Premium is limited to 5 devices and 7 years of history
  • Free plan gets community support only; email support requires Premium
  • Premium costs $10 per month or $80 per year

Pricing, plan by plan

E*TRADE

On request
  • Stock & ETF TradingFree
    • Commission-free trades
    • Real-time quotes
  • Advanced Trading$undefined/month
    • All Stock & ETF features
    • Options, futures
    • Advanced tools

Goodbudget

Free
  • FreeFree
    • 10 envelopes
    • Basic tracking
  • Plus$5.99/month
    • Unlimited envelopes
    • Advanced reports
    • Receipt capture

Which should you pick?

Choose E*TRADE if

  • You need advanced trading tools.
  • You work on Web, IOS, Android.
  • You also want options and futures.
E*TRADE review

Choose Goodbudget if

  • You need envelope budgeting.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want shared budgets.
Goodbudget review

Questions people ask

Is E*TRADE or Goodbudget better?
Neither clearly leads. E*TRADE starts at On request and Goodbudget at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, E*TRADE or Goodbudget?
Goodbudget has a free tier; the other does not. Paid plans start at On request for E*TRADE and Free for Goodbudget.
Does E*TRADE or Goodbudget run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Goodbudget for free?
Yes. Goodbudget has a free tier, so you can try it without paying. E*TRADE starts at On request.
What is E*TRADE best used for?
E*TRADE is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Goodbudget is typically brought in for.
What can E*TRADE do that Goodbudget cannot?
E*TRADE covers Advanced trading tools, Options and futures, Research tools, Mobile trading. Goodbudget covers Envelope budgeting, Shared budgets, Receipt scanning, Expense tracking. Both handle Bank accounts, Web support, IOS support, Android support.
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