Looking for Monarch Money alternatives.
Monarch Money and Rocket Money both track a household's full financial picture, net worth, subscriptions, spending, at a yearly or monthly price. Neither was built to split a bill with someone outside that household.
| Monarch Money | Spendthrift | |
|---|---|---|
| Focus | Full household finance, net worth | Budgeting and splitting |
| Price | $99.99/yr core, $199/yr Plus | One time payment |
| Shared access | Included, unlimited household | Shared envelopes, one ledger |
| Splits a shared bill | No | Yes, in the same ledger |
What each does well.
Monarch Money is a thorough household budgeting tool, with net worth and investment tracking sitting alongside the budget, and shared household access included at no extra per person cost. Rocket Money's strength is different: automatic subscription detection and a genuinely useful cancellation flow, plus a "pay what you think is fair" Premium tier from $7 to $14 a month with no functional difference between the two ends of that range.
Where they stop.
Both are built for one household's own accounts. Neither has a way to record what one person owes another outside that household, a shared dinner, a flatmate's half of a bill, without a separate splitting app and manual reconciliation between the two. Spendthrift closes exactly that gap: a shared bill's paid share lands in the payer's own envelope as real spending, and the rest is recorded as owed back, automatically, in the same ledger.
The full roundup, if a couple is comparing.
Where Spendthrift fits
Monarch Money appears in the fuller comparison of budgeting apps for couples, alongside YNAB, Splitwise and Honeydue, all checked the same day.
What accounts and net worth look like without an aggregator.
Drawn as our own chart
Balances entered from your own statements, and net worth built from them, with nothing connected to a bank.
Every account, without handing over a password.
Every account and one net worth figure, read from statements you already receive, on your own phone. No aggregator in the path and no banking password.
How a statement becomes transactions.
The statement you already receive, read on the phone, filed by rules you wrote. No copy leaves the device at any point.
Investments, valued from your statements.
One valuation a month, taken from your statement. The line is dashed because these are month end readings and not a live price.
See Monarch Money vs YNAB for how those two compare to each other, or the group expense calculator to try the splitting side now.