TrackWorth vs Monarch Money: Best Net Worth Tracker in 2026

Monarch Money has positioned itself as the successor to Mint — a comprehensive personal finance app with automatic bank syncing, budgeting, investment tracking, and net worth monitoring. TrackWorth takes a different approach: privacy-first, manual-entry tracking with multi-currency support, FIRE planning tools, and a genuinely free tier.

Both apps can track your net worth. But they are built on fundamentally different philosophies — Monarch assumes you want automation and are willing to share bank credentials for it, while TrackWorth assumes you want control and privacy. This comparison lays out the differences honestly so you can decide which matters more to you.

Monarch Money at a glance

Monarch Money is a full-featured personal finance platform that connects to your bank accounts, credit cards, loans, and investment accounts through Plaid. Once connected, it automatically imports transactions, categorizes spending, tracks account balances, and generates a net worth snapshot. It also includes budgeting tools, investment tracking, and collaborative features for couples managing finances together.

Monarch has grown rapidly since Mint shut down, positioning itself as the natural upgrade for former Mint users who want a similar experience with better reliability. It is primarily designed for the US market, with strong coverage of American financial institutions.

• Comprehensive bank syncing with automatic transaction import
• Strong budgeting tools with category-based spending analysis
• Collaborative features for couples and households
• Investment tracking with portfolio breakdown
• $14.99 USD/month (or $99.99/year) — no free plan
• Requires bank credentials shared through Plaid
• US-focused — limited support for international institutions
• No dedicated FIRE calculator

TrackWorth at a glance

TrackWorth is a privacy-first net worth tracker designed to give you a complete view of your financial health without requiring any bank connection. It covers assets, liabilities, net worth trends over time, asset allocation, financial goals, a FIRE calculator, budget tracking, and live FX rates for 20+ currencies. It is built in Canada and works for users worldwide.

• No bank connection — complete control over your data
• 20+ currencies with automatic live FX rate conversion
• FIRE calculator for early retirement planning
• Free tier — permanently free, 5 assets and 5 liabilities
• Asset allocation with target vs actual rebalancing
• No automatic transaction import — manual entry only
• No collaborative household features (yet)

Side-by-side comparison

Pricing breakdown

The pricing difference is significant, especially for non-US users. Monarch Money charges $14.99 USD per month, or $99.99 USD per year. At current exchange rates, that is roughly $200 CAD per year for Canadians on the monthly plan — a substantial ongoing cost for a personal finance tool.

TrackWorth's free tier is permanently free and covers 5 assets and 5 liabilities — enough for many people to track their core financial picture. The Pro plan, at $7.99 CAD per month (or $69.99 CAD per year), unlocks unlimited accounts, CSV export, and additional features. Even at the Pro level, TrackWorth costs less than half of what Monarch charges.

For someone starting out who wants to track a few bank accounts, a mortgage, an RRSP, and a TFSA, the free tier covers it. There is no trial period, no credit card required, and no features artificially limited to push you toward paying.

Currency support: US-centric vs global

Monarch Money is built primarily for the US market. Its institution coverage, tax reporting features, and default currency handling all assume a US-based user with USD-denominated accounts. While it supports manual accounts in other currencies, the multi-currency experience is not its strength.

TrackWorth supports 20+ currencies with live exchange rate conversion. If you hold a Canadian RRSP in CAD, US stocks in USD, and a property in GBP, your net worth is automatically calculated in your chosen base currency with rates updated regularly. For expats, international investors, or anyone with assets spread across borders, this is a meaningful advantage.

FIRE planning and financial independence

If you are working toward financial independence or early retirement, the tools available in each app differ considerably. Monarch Money does not include a dedicated FIRE calculator. You can see your net worth and track investment growth, but you need a separate tool to model your FIRE number, safe withdrawal rate, and projected timeline.

TrackWorth includes a built-in FIRE calculator that uses your current net worth, savings rate, expected returns, and desired annual spending to project when you can reach financial independence. It integrates directly with your actual net worth data, so as your numbers change, your FIRE projections update automatically. It also supports asset allocation with target vs actual rebalancing — useful for maintaining your desired portfolio mix as you build toward your number.

When to choose Monarch Money

Monarch Money is the better choice if you are based in the US, want automatic bank syncing, and do not mind the $15/month price tag. Its automatic transaction import and smart categorization save time and give you a detailed view of where your money goes each month. If you are a former Mint user looking for a seamless replacement, Monarch is one of the closest options available.

The collaborative household features are also a differentiator. If you and your partner want to manage finances together in a single app — shared budgets, combined net worth, joint goal tracking — Monarch handles that well. TrackWorth currently supports individual use only.

When to choose TrackWorth

TrackWorth is the better choice if you care about privacy, want a free option, live outside the US, hold assets in multiple currencies, or are focused on net worth tracking and FIRE planning rather than transaction-level budgeting.

It is particularly well-suited for Canadians who want to track RRSP, TFSA, and FHSA accounts in a single dashboard, for expats managing money across borders, and for anyone on the FIRE path who wants an integrated calculator that uses their real net worth data. The manual-entry approach takes a few minutes per month and means you never share bank credentials with anyone.

For more on how TrackWorth handles net worth tracking, see our guide to the best free net worth tracker apps. And for comparison with another popular budgeting tool, check out TrackWorth vs YNAB.

The bottom line

• Choose Monarch Money if you want full automation with bank syncing, detailed transaction budgeting, and household collaboration — and are willing to pay $15 USD/month with no free plan.
• Choose TrackWorth if privacy matters, you want multi-currency support and FIRE planning, you prefer a free option, or you live outside the US.
• If net worth tracking is your primary goal and you do not need automatic transaction import, TrackWorth does it better for less — or free.