Looking for apps like Monarch Money? NeoBudget offers powerful envelope budgeting at a fraction of the cost with a free tier that lasts forever.
See how much you can save by switching from Monarch Money to NeoBudget.
| Monarch Money | NeoBudget | |
|---|---|---|
| Pricing Tiers | One size fits all | 3 tiers to fit your needs |
| Free Option | 7-day trial only | Free tier forever |
| Starting Price |
$14.99/month or $99.99/year |
$5.95/month
Save 60% or $59.95/year |
| Full Features |
$14.99/month or $99.99/year |
$9.95/month
Save 33% or $99.95/year |
| Bank Sync | ||
| Mobile Apps | iOS & Android | iOS & Android |
| Receipt Scanning | Included | |
| Auto-Categorization Rules | Full rules engine | Custom patterns |
Monarch has one price: $14.99/month. NeoBudget lets you choose the plan that fits your budget.
Pay 34% less for full-featured budgeting. That's money you can put toward your actual budget goals.
Unlike Monarch's 7-day trial, NeoBudget offers a free tier forever. No credit card required, no countdown timer. No ads, no data selling - ever.
NeoBudget uses the proven envelope method to help you allocate every dollar. See your spending limits at a glance.
Snap a photo of any receipt and automatically extract the details. Save time on manual entry.
While Monarch Money focuses on tracking and forecasting, NeoBudget helps you proactively manage your money with visual envelope budgeting. It's similar to Monarch Money but designed for hands-on budgeters.
NeoBudget is a full Monarch Money replacement with everything you need to manage your budget.
"Thanks to NeoBudget, my wife and I don't have to worry if there will be money at the end of the month for bills. Because we set up a plan using the budget editor, we know our expenses are covered. The best part is that NeoBudget is much cheaper than everything else. I just budget it out of the spare change that is left from each paycheck."
– Brian
"I have used other programs and they were okay but didn't clearly allow me to see what budget categories were negative. Plus I would tend to forget to update them regularly but NeoBudget is so fun that I want to update it all the time. NeoBudget tells me right on the homepage with bold red letters if I am negative in any envelope."
– Whitney
NeoBudget is a top Monarch Money alternative for people who want envelope-based budgeting at a lower price. While Monarch Money costs $14.99/month, NeoBudget offers full features at $9.95/month with a free tier that lasts forever. Both apps offer bank sync and mobile apps, but NeoBudget also includes receipt scanning.
Yes. Unlike Monarch Money's 7-day trial, NeoBudget offers a genuinely free tier that lasts forever. The free plan includes 1 account and 10 envelopes with no credit card required. You can use NeoBudget indefinitely at no cost and upgrade when you're ready for more features.
NeoBudget's Complete plan costs $9.95/month compared to Monarch Money's $14.99/month, saving you 33%. For even more savings, NeoBudget's Essential plan starts at just $5.95/month (60% less than Monarch). Both plans include annual billing options with 2 months free.
Switching from Monarch Money to NeoBudget is straightforward. NeoBudget supports automatic bank sync (via Plaid) and manual file imports in QIF, OFX, and QFX formats. Simply export your data from your bank and import it into NeoBudget, or connect your accounts directly for automatic syncing.
NeoBudget includes receipt scanning that automatically extracts transaction details from photos. NeoBudget also offers a free tier (vs Monarch's trial-only approach) and flexible pricing tiers so you only pay for what you need.
NeoBudget and Monarch Money are both personal finance apps, but they differ in approach. Monarch Money focuses on wealth tracking and forecasting, while NeoBudget uses the envelope budgeting method to help you proactively allocate every dollar. If you want hands-on budget control rather than passive tracking, NeoBudget may be a better fit.
No. NeoBudget is not ad-supported and we never sell your data. Our free tier is genuinely free with no hidden costs - we make money from paid subscriptions, not from advertising or selling your financial information. Your data stays private.
