Is Moneydance the Best Net Worth Tracker?

Jeremy BiberdorfBy: Jeremy Biberdorf

October 7, 2023October 7, 2023

Moneydance Logo

Moneydance is a personal finance management software that lets you easily track your income, expenses, savings, and investments. Originally designed for Mac users, it’s now available for Windows and Linux at the same price. With an intuitive interface and robust features, Moneydance has become a popular choice for managing money.

Moneydance allows you to create budgets, view reports, schedule transactions, and monitor investment performance. You can sync your data between devices using Dropbox or Wi-Fi, and the mobile apps let you stay on top of your finances. Moneydance helps you gain control of your money by giving you a complete financial picture of your financial life.

For most people, Moneydance provides all the functionality you need in a personal finance app at an affordable price. However, you may find Moneydance lacking if you require more advanced investment tracking or business accounting features. But does this make Moneydance the best net worth tracker? Here is a detailed Moneydance review to answer this question.

Learn More About Moneydance

Key Features of Moneydance

Moneydance has useful features to help you track your net worth and manage your finances.

  • Summary: Moneydance’s summary page gives you a quick look at where you stand, from account balances to investment returns and net worth. This bird’s eye view helps you spot any issues right away.
  • Graphing: Many of us understand information better when we see it visually. Moneydance lets you create customized graphs to gain insights into your income, spending, investments, and more. Compare categories over time to see where you can improve.
  • Bill Pay: Pay your bills directly within Moneydance using Direct Connect, the same secure service used by QuickBooks. Set up automatic payments or pay as you go, and get reminders so no bill slips through the cracks.
  • Budgeting: Create budgets, set spending limits, and compare your expenses to your planned plans. Adjust as needed to keep your finances on track. Moneydance’s budget reports provide an easy way to see if you’re overspending in any areas.
  • Investment Tracking: Use Moneydance to monitor the performance of your investment accounts, IRAs, and 401(k)s. Review reports on balances, contributions, gains, and losses to optimize your investment strategies.
  • Track investments: Moneydance makes tracking your investments (and investment performance) easier than ever. You can add details about all your investment accounts, like cash accounts, stocks, bonds, mutual funds, personal capital, retirement accounts, etc.
  • Sync with financial institutions: Moneydance supports integration with thousands of financial institutions worldwide, allowing you to sync your financial data directly from your bank accounts, loan accounts, cash flow, credit card, upcoming bills, or investment accounts. This means you can automatically download financial transactions, including split transactions, overdue transactions and account balances, without entering the information manually.
  • Robust security: Moneydance takes security seriously and implements several measures to ensure the safety and privacy of your financial information. Your data is encrypted, password protected and never shared with third parties.
  • Customizable: Moneydance uses an open-source API, allowing developers to create custom extensions to enhance the software’s functionality. This means a wealth of community-created tools and add-ons, so you can customize Moneydance to suit your needs. Add-ons include enhanced investment tracking, budgeting tools, and more.

Overall, Moneydance offers robust features, making it a great choice for a net-worth tracker. The ability to sync all your financial accounts, track investments, customize reports, and ensure a high level of security means you have a comprehensive view of your finances in one place.

Moneydance Pricing & Plans

Moneydance is very affordable, with pricing plans for personal and business use. Many software programs these days offer a subscription-based service. For example, Moneydance competitor Quicken (QuickBooks) charges an annual fee.

On the other hand, Moneydance charges a one-time flat fee of $65.00. This means you’re not on the hook each month or year, and there’s no upselling. You can even try the software for free for 100 transactions before buying it.

The Pros and Cons of Using Moneydance

Moneydance is a popular personal finance software, but is it the best option for tracking your net worth? Here are some pros and cons to consider:


  • Holistic and user-friendly interface.
  • Attractive pricing with a one-off payment.
  • Availability of a free demonstration version.
  • 90-day money-back assurance.


  • The dashboard might appear cluttered to some users.
  • Occasional challenges with data importing.
  • Potential delays in customer assistance.

Is Moneydance the Best Net Worth Tracker?

So, is Moneydance the best net worth tracker for you? That depends on your needs and preferences. Moneydance is a full-featured personal finance software that can handle most people’s money management requirements. However, some alternatives may better suit your situation.

For basic expense and income tracking, free personal finance tools may suit you fine. If you have complex finances or want sophisticated investment management features, Moneydance could be overkill.

To determine if Moneydance is the best net worth tracker for your needs, click here to sign up and take advantage of their free trial. Explore the features and see if its power and convenience outweigh the cost and learning curve.

Get Started With Moneydance

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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