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You Need A Budget vs Empower

You Need A Budget is an excellent budgeting app without extra bells and whistles. How does it compare to Empower? Read our comparison chart below.

 Empower
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You Need A Budget

Empower

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Benefits and Features

Annual Fee Investment Account: $0;
Wealth Management:0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million
Minimum Deposit 
$100,000
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
Yes
Robo Advisor 
Check
Assets Under Management 
$1.6 Trillion
Minimum Investment Investment Account: $0;
Wealth Management: $100,000
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
Mobile App 
iOS & Android
Investment Tracking 
Check
Single Stock Diversification 
Yes
Fractional Shares 
No
Taxable Accounts 
Yes
401k Plans 
Yes
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
Yes
 

CreditDonkey® Reviews

 Empower
PriceStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Goal TrackerStarStarStarStarStarStarStarStarStarStar
BudgetingStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarStar
Investment TrackingStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
Retirement PlanningStarStarHalf StarEmpty StarEmpty StarStarStarStarStarStar
Human AdvisorsStarStarStarStarStar
Robo AdvisorStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • Teach you how to budget
  • Create and fund goals
  • Large help center
Cons:
  • Expensive annual fee
  • Poor investment and retirement tracking
  • No auto sync
Pros:
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Cons:
  • $100,000 min for advisory service
  • Higher fees than competitors
Bottom LineExcellent budgeting app without extra bells and whistles... Read full reviewFree advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review
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Try YNAB Free for 34 Days

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Empower: Pricing information from published website as of 04/30/2020

Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.

Which is Better: You Need A Budget or Empower?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing You Need A Budget or Quicken.

In short: You Need A Budget's budgeting is outstanding. Empower's price, customer service, investment tracking, and retirement planning are excellent.


Articles on You Need A Budget

YNAB Alternatives

These YNAB competitors help get your finances in shape and eliminate financial stress. Review the best free and paid alternatives to You Need a Budget.

YNAB

Are you tired of living paycheck-to-paycheck? Maybe you don't see any way around it. That's what the founders of YNAB, You Need a Budget, think too. They are here to help you change that way of thinking by showing you how to live on last month's money.

Articles on Empower

Empower

Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.

Is Empower Safe

Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.

Empower vs Quicken

Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.

Empower vs Mint

Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.

Which Do You Think is Best?


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