You can also get phone notifications and access Amazon's Alexa on your wrist, and it'll soon support Google Maps and the Google Wallet. The $229 Fitbit Versa 4 has many of Fitbit's most notable fitness features - like active zone minutes, sleep tracking, built-in GPS and the daily readiness score (which requires a Premium subscription). But it has the same software, high and low heart-rate notifications, car crash detection, fall detection and selection of exercise modes as the Series 8. The $249 second-gen Apple Watch SE, for example, lacks an always-on display, ECG, blood oxygen measurements and temperature sensor. While watches in this price range are usually the right choice for many people, it's important to remember what you're missing. Watches like the Apple Watch SE and Fitbit Versa 4 are examples of value-priced smartwatches.

If you mostly want to see notifications on your wrist, make mobile payments, track workouts and don't care much about deeper health insights, this type of watch is the right choice. These watches include many of the features mentioned above, but not all of them. You can also find smartwatches that cost around $250, give or take.

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