Softwr

Software · head to head

Quicken vs Betterment

Quicken logo

Quicken

Software

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite
Betterment logo

Betterment

Software

Your path to financial independence

From
$5/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal; Betterment digital automated investing charges $5 per month fee for accounts under $24,000 balance
  • They diverge on capability: Quicken covers Budget creation, Betterment covers Automated investing.

Where they differ

Only the attributes on which Quicken and Betterment actually diverge.

Attributes where Quicken and Betterment differ
AttributeQuickenBetterment
Starting price$3.99/month$5/month
PlatformsWeb, iOS, Android, Windows, macOSWeb, iOS, Android
Founded19832008

Identical on both: pricing model (subscription), free tier (No), 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 Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Credit cards
  • Windows support
  • Mac support

Only in Betterment

  • Automated investing
  • Retirement planning
  • Financial advisory
  • Goal tracking
  • Web support
  • Android support

Both cover

  • Bank accounts
  • Investment accounts
  • IOS support

What people use each for

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

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Betterment
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Betterment
  • Users preferring local data storage via Classic desktop editionsnot Betterment

Betterment

  • Small investors starting with automated investing at no minimum balancenot Quicken
  • Fee-only digital wealth management for accounts under $24,000 via $5/month flat feenot Quicken
  • Premium advisory access for high-net-worth individuals with $100,000+ balancenot Quicken

Where each one falls short

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

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Betterment

  • Digital automated investing charges $5 per month fee for accounts under $24,000 balance
  • Premium advisory service requires minimum balance of $100,000 in eligible investments
  • Foreign transaction fees apply to checking account (though reimbursed after the fact)
  • High-balance fee discounts only available above $1,000,000 account balance

Pricing, plan by plan

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Betterment

$5/month

No published plan breakdown. See the Betterment review.

Which should you pick?

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Choose Betterment if

  • You need automated investing.
  • You work on Web, iOS, Android.
  • You also want retirement planning.
Betterment review

Questions people ask

Is Quicken or Betterment better?
Neither clearly leads. Quicken starts at $3.99/month and Betterment at $5/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Quicken or Betterment?
Quicken starts at $3.99/month and Betterment at $5/month.
Does Quicken or Betterment run on more platforms?
Quicken runs on Web, iOS, Android, Windows, macOS. Betterment runs on Web, iOS, Android.
What is Quicken best used for?
Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Betterment is typically brought in for.
What can Quicken do that Betterment cannot?
Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Betterment covers Automated investing, Retirement planning, Financial advisory, Goal tracking. Both handle Bank accounts, Investment accounts, IOS support.
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on Quicken

More on Betterment

Keep looking

Other head to heads