Mercury, or alcohol will be more accurate than that digital. I bought 3 of the digital, under 2 brand names, all 3 had varying temps by up to +/- 3 degrees. I keep my mercury thermometer in the back, for more accurate temps and pull it out from time to time for accurate checks, and use the digital for a quick check because it's much easier to access.
The key to the cheap digital thermometer is to keep a good battery in it and it should consistently read a temp. May not be a correct temp, but close enough for reference.