Monarch Money vs Goodbudget
By Itai Varochik | Updated 2026
Quick Verdict
Overall Winner: Monarch Money (4.5/5)
We tested Monarch Money and Goodbudget side-by-side. Monarch Money comes out ahead overall, but Goodbudget may be better for specific use cases.
Score Breakdown
| Criteria | Monarch Money | Goodbudget |
|---|---|---|
| Features | 8.5/10 | 6.5/10 |
| Ease of Use | 9/10 | 8.5/10 |
| Value for Money | 8/10 | 8/10 |
| Customer Support | 8/10 | 6.5/10 |
| Overall | 8.5/10 | 7.4/10 |
Feature Comparison
| Feature | Monarch Money | Goodbudget |
|---|---|---|
| Budgeting | Yes | No |
| Investments | Yes | No |
| Net Worth | Yes | No |
| Goals | Yes | No |
| Collaboration | Yes | No |
| Envelope System | No | Yes |
| Shared Budgets | No | Yes |
| Reports | No | Yes |
Pricing Comparison
Monarch Money: $14.99/mo or $99.99/yr
Goodbudget: Free / Plus $10/mo
Monarch Money Pros & Cons
Pros
- Beautiful modern interface
- Investment tracking + budgeting
- Net worth dashboard
- Couples collaboration
Cons
- No free tier
- Newer platform
Goodbudget Pros & Cons
Pros
- True envelope budgeting
- Shared budgets
- Simple philosophy
- Cross-device sync
Cons
- No bank sync
- Manual entry required
- Limited reporting
- Dated design
Key Specifications
| Spec | Monarch Money | Goodbudget |
|---|---|---|
| Rating | 4.5/5 | 4.1/5 |
| Pricing | $14.99/mo or $99.99/yr | Free / Plus $10/mo |
| Year Founded | 2019 | 2010 |
| Headquarters | San Francisco, CA | San Francisco, CA |
Our Verdict
Monarch Money wins overall. Choose Monarch Money if you value Mint refugees. Choose Goodbudget if you prioritize Envelope budgeters.
Frequently Asked Questions
Is Monarch Money better than Goodbudget?
Based on our testing, Monarch Money scores higher with a rating of 4.5/5 compared to Goodbudget's 4.1/5. However, the best choice depends on your specific needs.
What is the main difference between Monarch Money and Goodbudget?
Monarch Money is known for: Modern personal finance dashboard for budgeting, investments, and net worth.. Goodbudget is known for: Envelope budgeting app that modernizes the classic cash envelope system..
Which is cheaper, Monarch Money or Goodbudget?
Monarch Money pricing: $14.99/mo or $99.99/yr. Goodbudget pricing: Free / Plus $10/mo.
Can I use Monarch Money and Goodbudget together?
While both tools serve similar purposes in the Budgeting Apps category, some users do use complementary features from both platforms.
What are the pros of Monarch Money?
Beautiful modern interface. Investment tracking + budgeting. Net worth dashboard
What are the pros of Goodbudget?
True envelope budgeting. Shared budgets. Simple philosophy
Which budgeting apps should I choose?
Choose Monarch Money if you value Mint refugees. Choose Goodbudget if you prioritize Envelope budgeters.