Comparison
WealthMode vs Monarch
Core budgeting features with a free tier to get started.
Monarch is a solid tool, and we respect what they've built. WealthMode offers a different approach: start free, upgrade when you're ready.
Last verified: August 2026 · Check Monarch's current offering
No credit card required
Feature Comparison
| Feature | WealthMode | Monarch |
|---|---|---|
| Price | Free to start / $59 a year for ProFree to start / $75 CAD a year for ProBilled in CAD | $99.99 USD a year (Core)about $140 CAD |
| Budget Tracking | ||
| Goal Setting | ||
| Bank Sync | ||
| Reports & Insights | ||
| Mobile App | Coming Soon | |
| Investment Tracking | ||
| Learning Curve | Easy | Moderate |
| Import your data (CSV) |
CAD figures for other apps are approximate conversions from USD at ~1.40, as of September 2026. What you actually pay them depends on the rate at renewal, plus any foreign transaction fee your card adds.
What you get with WealthMode
Start with the free tier
Budgets, rules, reports and net worth are included in Free, with no card required. Pro adds automatic bank sync at $59 a year$75 CAD a year, billed in CAD, and its first 7 days are free.
Overspending carries
Go $36 over in June and July’s $90 budget opens at $54, unless you tell it to start fresh. Each category is a Refill budget or a Fixed one, and you choose per category.
Everything you own and owe
Your accounts, plus the things no bank syncs: a house, a car, crypto, a mortgage.
Actively maintained with community feedback
We listen closely to the community feedback and keep improving the product to satisfy our users.
Switching from Monarch?
Bring your history with you. Import your Monarch CSV in a few steps.
- 1
Export your Monarch data
In Monarch, export your transactions to a CSV file.
- 2
Upload it to WealthMode
Create a free account and drop your CSV into the importer.
- 3
Confirm the mapping
WealthMode reads Monarch's signed amounts (including parenthesized debits), categories, tags and notes. Review and adjust the detected columns.
- 4
Import
Your transactions, categories and tags land in WealthMode, ready to budget.
Frequently asked questions
Can I import my Monarch Money data?
Yes. Export your Monarch transactions as CSV and import them. WealthMode reads Monarch's signed amount format, categories, tags and notes.
Are expenses imported with the correct sign?
Yes. WealthMode correctly reads Monarch's negative and parenthesized amounts as expenses, so your inflows and outflows stay accurate.
Will my multiple accounts import correctly?
Yes. If your export spans multiple accounts, you can route each to the matching account in WealthMode during import.