Monarch Money vs Simplifi 2025: Full Comparison

Jeremy Biberdorf
By: Jeremy Biberdorf
 

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Imagine having complete control over your finances with just a few taps on your smartphone. In today’s digital age, choosing the right budgeting app can make that dream a reality. In this article, I am going to compare two leading contenders in the world of personal finance management: Monarch Money and Simplifi.

I’ll dive deep into both platforms, examining their unique features, strengths, and capabilities. My goal is to provide you with a comprehensive overview to help you decide which app best aligns with your financial goals and lifestyle.

Ready to find your perfect budgeting tool? Let’s dive in. For more detailed analysis of each product check out our full reviews:

Monarch Money is Better for:Simplifi is Better for:
Managing joint finances for couplesSimple, intuitive budget management
Customizable budgeting featuresQuick insights into spending patterns
Comprehensive financial tracking and planningBill tracking and reminders

Monarch Money vs Simplifi: Your Introduction

Monarch Money

monarchmoney.com website

Monarch Money isn’t just another budgeting app, it’s like having a financial wizard in your pocket. Imagine getting a 360-degree view of your finances, with the power to customize every aspect to fit your unique goals and habits.

Picture this: you can track your investments, savings, and monthly budgets all in one place. Monarch Money’s all-encompassing approach makes it a standout choice for anyone who wants a detailed, holistic understanding of their money.

It’s perfect for those who want to see the big picture and the tiny details all at once.

And get this, Monarch Money isn’t just for solo use. If you’re managing finances with a partner, you’ll love how it accommodates joint account management.

The app’s intuitive interface and visually appealing dashboards make it a joy to use, ensuring you can easily access and understand all your financial information.

But it doesn’t stop there. Monarch Money provides personalized financial insights and proactive recommendations, guiding you to make smarter financial decisions. With secure connections to thousands of financial institutions, you can trust that your data is safe and accurately represented.

Read my full review of the platform for more information.

Simplifi by Quicken

quicken simplifi website

Simplifi, developed by the financial software veterans at Quicken, offers a streamlined and intuitive budgeting experience. It is designed for users who prefer a straightforward approach to managing their personal finances.

Simplifi’s strength lies in its ability to provide quick insights into spending patterns and upcoming bills, making it an ideal tool for those focusing on short-term budgeting goals.

The app simplifies the process of tracking expenses, categorizing transactions, and setting savings goals, making it a strong contender for individuals seeking an easy-to-use budgeting tool.

Check out my comprehensive review of Simplifi to dive even deeper into the features, pros, and cons of the platform.

Discover which tool suits you best by continuing to read my head-to-head comparison of Monarch Money vs Simplifi.

Monarch Money Logo Simplifi Logo
Type of Service Comprehensive financial tracking and budgeting Streamlined budgeting and expense tracking
Best Use All-in-one financial management Simple, intuitive budget management
Customer Support Responsive support with community engagement Reliable support with extensive help resources
Investment Tracking Detailed investment account tracking Basic investment monitoring
Modest Money Review Monarch Money Review Simplifi Review
Current Promotion

More Info

Use code NEWYEAR2025 to get 50% OFF!

More Info

Get 50% OFF on Simplifi for a Limited Time!
Modest Money Overall Rating
4.5 rating based on 5 ratings
4.5 rating based on 5 ratings
Monarch Money Logo
Type of Service Comprehensive financial tracking and budgeting
Best Use All-in-one financial management
Customer Support Responsive support with community engagement
Investment Tracking Detailed investment account tracking
Modest Money Review Monarch Money Review
Current Promotion

More Info

Use code NEWYEAR2025 to get 50% OFF!
Modest Money Overall Rating
4.5 rating based on 5 ratings
Simplifi Logo
Type of Service Streamlined budgeting and expense tracking
Best Use Simple, intuitive budget management
Customer Support Reliable support with extensive help resources
Investment Tracking Basic investment monitoring
Modest Money Review Simplifi Review
Current Promotion

More Info

Get 50% OFF on Simplifi for a Limited Time!
Modest Money Overall Rating
4.5 rating based on 5 ratings

Monarch Money vs Simplifi Video

Factor 1: Budgeting Features

  • Monarch Money excels with highly customizable budgeting tools.
  • Simplifi offers basic budgeting but lacks advanced customization.

Monarch Money’s strength lies in its highly customizable budgeting features, allowing users to create and adjust budgets that align with their unique financial goals and circumstances.

The platform offers a range of tools, from setting customizable budget categories to creating specific rules for transaction categorization.

This level of flexibility makes Monarch Money a top choice for users who require a more tailored approach to managing their finances, especially for those dealing with complex financial portfolios or joint financial accounts and credit cards.

Simplifi, while offering essential budgeting tools, opts for a more streamlined approach. It focuses on providing users with a basic yet effective set of budgeting features, such as tracking monthly spending and setting up savings goals.

While this simplicity is appealing to users who prefer an uncomplicated budgeting experience, it lacks the depth of customization provided by Monarch Money.

Simplifi’s straightforward design is excellent for quick budget planning but may not satisfy those who need more nuanced financial management tools and a customized spending plan.

Factor 2: User Experience

  • Simplifi wins for its straightforward, intuitive design.
  • Monarch Money is user-friendly but more complex.

Simplifi’s interface is designed with simplicity and user-friendliness at its core. The app’s layout is intuitive, making it easy for users to navigate and access key features like spending tracking, budget creation, and bill reminders.

This simplicity is ideal for individuals who are new to budgeting apps or prefer a no-fuss approach to managing their finances. Simplifi’s clean and uncluttered design ensures that users can focus on their financial data without being overwhelmed by too many details or options.

Monarch Money, while offering a detailed and customizable interface, may require a slight learning curve for new users. The app’s dashboard provides a comprehensive view of all financial aspects, from budgets and investments to savings plans and debt tracking.

While this detailed approach is beneficial for those seeking a thorough overview of their finances, I think it may be more complex than necessary for users who prefer a more streamlined experience.

Monarch Money’s interface is well-organized and feature-rich, making it a great fit for users who enjoy having an array of tools and data points at their fingertips.

Factor 3: Investment Features

  • Monarch Money leads with detailed investment tracking.
  • Simplifi provides only basic investment monitoring.

Monarch Money excels in the realm of investment tracking and management.

The app allows users to connect various investment accounts and financial institutions, providing a detailed overview of their portfolio, including performance analytics, asset allocation, and investment gains or losses.

I believe this comprehensive approach is particularly beneficial for users who have diversified investment portfolios and need a tool that can capture all aspects of their investments.

Monarch Money’s ability to aggregate and analyze investment data makes it a standout choice for those who are serious about tracking their investment progress alongside their everyday budgeting.

Simplifi offers basic investment monitoring capabilities, suitable for users who have a straightforward investment strategy or are just beginning to delve into investments.

The app allows users to link their investment accounts and view basic information such as account balances and recent changes.

While this feature is useful for keeping an eye on investments, it has limited features and analytical tools when compared to what is offered by Monarch Money.

Simplifi’s investment tracking is perfectly fine for most investors. For those that required detailed investment analysis, I would recommend utilizing a dedicated finance app.

Factor 4: Bill Tracking

  • Simplifi excels with auto-detect bills and reminders.
  • Monarch Money offers manual bill tracking but is less advanced.

Simplifi’s bill tracking and reminder system is one of its standout features. The app’s ability to auto-detect upcoming bills and set reminders ensures that users stay on top of their bill payments, reducing the risk of late fees or missed payments.

This feature is particularly valuable for individuals who have multiple recurring bills and want an easy way to manage them all in one place.

Simplifi’s user-friendly interface makes it simple to view upcoming bills, set reminders, and track payments over time.

Monarch Money also offers bill tracking and reminders, but its capabilities in this area are not as advanced as Simplifi’s. Users can manually input and track their bills, setting reminders to ensure timely payments.

While this functionality is useful, it requires more input and management from the user compared to Simplifi’s automated system.

Monarch Money’s bill tracking is effective but may be more suited to users who prefer a hands-on approach to managing their bill payments.

Factor 5: Pricing and Plans

  • Simplifi is cheaper at $3.99/month.
  • Monarch Money costs $14.99/month but offers more features.

Although some of Simplifi’s features don’t go into as much detail as Monarch Money’s, their features are sufficient for the majority of people.

Check Monarch Money website to confirm current pricing and full terms.

When I consider that Simplifi is less than a third of the cost of Monarch Money, it is clear to me that Simplifi offers a better value. What’s more, you can save 50% on your subscription cost by using my exclusive link.

Check Simplifi website to confirm current pricing and full terms.

On the other hand, if you are very serious about your budget and require a money management platform with advanced reporting capabilities, then I think Monarch Money may justify the additional cost.

Factor 6: External Customer Reviews & Ratings

External Monarch Money Reviews & Ratings

SiteRating
Product Hunt4.9 from 32 reviews
Apple App Store4.8 from 2,857 reviews
Google Play4.5 from 683 votes
The Savvy Couple4.5

External Simplifi Reviews & Ratings

SiteRating
PC Magazine4.5
Tom's Guide4.5
The Savvy Couple4.4
Investor Junkie4.3
Apple App Store4.1 from 1,882 reviews

Monarch Money and Simplifi Alternatives

If you have read this far and are convinced that Neither Monarch Money or Simplifi is right for you, I have some other alternatives I would like to present. The first alternative I will cover is Rocket Money.

If you are into zero-based budgeting, maybe you have already heard of this budgeting app created by Haroon Makhtarzada and his team. Users like it’s negotiation feature that helps them cut down on unwanted subscriptions. Their bill alert feature prevents users from unnecessary late fees.

Monarch Money vs Rocket Money 250
To see how they compare, consider reading my Monarch Money vs Rocket Money article.

Another notable company in the personal finance app space is Copilot. Copilot utilizes the latest AI technology to generate personalized spending insights, helping users better understand spending habits and where they can save money.

Monarch Money vs Copilot 250

Copilot also has a Google Sheet integration for those spreadsheet enthusiasts. My Monarch Money vs Copilot breakdown will help you better understand how they compare.

Monarch Money vs Simplifi: My Verdict

In my comparison of Monarch Money and Simplifi, both platforms offer compelling features for personal financial management.

Monarch Money provides robust financial tracking, versatile budgeting options, and advanced investment tools, presenting a thorough snapshot of financial health. This makes it a strong contender for those who need a comprehensive personal finance app.

However, Simplifi shines with its intuitive interface, effective bill tracking, and easy-to-use budgeting tools. Its emphasis on simplicity and user-friendliness positions it as the superior choice for individuals who appreciate a more straightforward, less complicated approach to managing their finances.

While Monarch Money has robust capabilities for those who prefer detailed analyses, Simplifi’s streamlined and approachable design makes it the standout choice for everyday financial management. Click here to Get 50% OFF on Simplifi for a Limited Time and see how it can simplify your financial life.

If you’re still interested in the detailed features that Monarch Money offers, Click Here.
Use code NEWYEAR2025 to get 50% OFF Monarch Money first year with a Limited Time New Year Sale

Learn More About Monarch Money

Learn More About Simplifi

FAQs

Is Monarch Available on Mobile?

Yes, Monarch Money is available on Android, iPhone, and iPad devices. You can download the mobile app by searching “Monarch Money” in your favorite app store.

How is Simplifi Different Than Quicken?

Simplifi and Quicken offer different experiences in managing personal finances. b, a standalone product from Quicken, is entirely web-based, allowing users to manage their finances through any supported web browser or via the Simplifi Mobile App on mobile devices, eliminating the need for a desktop application.

Both platforms serve unique financial needs, with Simplifi aiming for streamlined, user-friendly financial oversight and Quicken providing a robust, detailed financial analysis tool.

How Much Does Monarch Cost per Month?

Monarch costs $14.99 per month. Although this might be expensive for some users that are accustomed to using a free personal finance app, Monarch Money’s rich features make it a value for many users. They also offer a free 7-day trial, so users can experience the platform for themselves risk free.

Who is the CEO of Monarch Money?

The current CEO of Monarch Money is Val Agostino. Monarch Money was founded in 2018 by Jonathan Sutherland, Ozzie Osman, and Val Agostino. The company is headquartered in California.

Can I Migrate From Mint to Simplifi?

Yes, you can migrate from Mint to Siimplifi and the process is pretty straightforward. When transferring transactions from Mint into Quicken Simplifi, select the “Mint” option for importing. Keep in mind, there’s a cap of 10,000 transactions for each import from Mint.

Does Simplifi Sell Your Data?

SimpliFi does not lease or sell Personal Information to marketing entities or independent third parties. Instead, SimpliFi circulates personal information among its own institutional branches for the purpose of delivering its Services and conducting internal administrative tasks.

Can Couples Use Monarch Money?

Yes, Monarch Money allows couples to view accounts and transactions of each other. It allows the invitation of additional household members to join. Each member receives their own login while gaining visibility into the collective household finances.

Monarch Money recognizes that every couple has unique financial management styles. It offers users the flexibility to select which accounts and transactions should be included in the shared household overview, accommodating different preferences and needs.

Does Monarch Money Have Customer Support?

Monarch Money does offer customer support via email and phone. Customer support availability is answered in the order it is received and wait times vary.


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.