Feature Comparison: Monarch Money vs. Simplifi​

Limited rulesSimplifi only allows users to change merchant names and categories of transactions.

Simplifi's account connection is just faster. Simplifi provides real time updates every time you refresh, while Monarch's update rhythm is much slower and it's often unclear why some accounts are more updated than others.

Nested categories. If I click into a spending group on Simplifi, I can see the breakdown of all categories within that group. Somehow I cannot do this on Monarch. I can only view by group or category as a whole. There's no nesting.

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.

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.

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.