Polar FT1?

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I have been using a FitBit1 for about a month, but I've hearing about the HRMs. My local target had the Polar FT1 on clearance ($30 instead of $60).

I bought one, but I haven't opened it. Come back here to read reviews, but most are of the other models. Is this a good starter HRM? I can't really afford to spend another $100 right now. Am I better off just using what I have?

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