Kasa vs Monarch Money: net worth without the subscription or the bank sync
Kasa is a simple, free alternative to Monarch Money for people who want spending, loans and net worth in one place without linking their bank accounts. Monarch costs $99.99 a year, is built around syncing US banks and brokers, and doesn’t convert between currencies. Kasa is free, works in any country, keeps each account in its own currency among 31 with totals converted to your main one, and values bitcoin and gold. If you want everything imported automatically, Monarch is the better fit.
| Kasa | Monarch Money | |
|---|---|---|
| What it takes to start | An email; set today’s balances and monthly bills | Link all your bank and investment accounts, then review what’s imported |
| Price | Free | $99.99 a year or $14.99 a month; first week free |
| Bank connection | None, by design | Yes, through Plaid, Mastercard and MX |
| Where it works | Any country | Built for US banks; some Canadian banks are hard to connect |
| Currencies | 31 currencies, each account its own, totals converted | No currency conversion |
| Net worth | Yes, values you set | Yes, synced from linked accounts |
| Loans | Payment plans: each payment is spending and lowers the debt | Pay-down goals for linked debts |
| Budgets | No per-category limits | Yes |
| Sharing | No | Yes, household |
| Platforms | Web app for phone and desktop | iPhone, Android, web |
Why choose Kasa over Monarch
- Simpler. No accounts to link and keep re-linking, no imported transactions to review and recategorise.
- No subscription. Kasa is free with every feature.
- No bank aggregator. Monarch reads your accounts through third-party data providers. Kasa never sees your bank login.
- Outside the US. Kasa works the same in every country and keeps euro, dollar, lira or koruna accounts side by side, converted at daily ECB rates.
- Net worth that stays honest. Set an account’s real value on a day, from your broker’s app for example, and balances count from there.
Simple on purpose
Kasa is built to stay simple. There’s no budgeting method to learn, no bank to link, no server to run and nothing to buy. Sign up with an email, set what each account holds today, add your monthly bills once, and the dashboard is ready. After that, a purchase takes a few seconds to log and the rest posts itself.
When Monarch is the better choice
If you’re in the US, want every transaction and investment imported for you, and plan your finances with a partner, Monarch does that and Kasa doesn’t.
Other apps’ prices and features as listed on their own websites, help pages and app-store listings in October 2026. Prices can differ by country and change over time. Kasa isn’t affiliated with any of them.
Questions
Is there a free alternative to Monarch Money?
Yes. Kasa is free and tracks spending, monthly bills, loans and net worth. Unlike Monarch it doesn’t sync with banks: you add entries and set values yourself.
Does Monarch support multiple currencies?
Monarch’s help pages say it doesn’t convert between currencies. Kasa gives each account its own currency and converts totals to your main currency at daily rates.
Does Kasa track investments?
As accounts whose value you set, whenever you like. Kasa doesn’t connect to brokers. Bitcoin and gold are priced automatically.
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Last updated: 17 October 2026