Monarch Money vs Wave
A detailed comparison of Monarch Money and Wave in 2026. Compare pricing plans, features, and find out which finance service is right for you.
Monarch Money
Modern personal finance and wealth management
Monarch Money is a financial and accounting service that provides modern personal finance and wealth management. Founded in 2019 and headquartered in San Francisco, California, Monarch Money offers 1 pricing plan. Plans start from $14.99/month. Key features include Account linking, Net worth tracking, Budgeting, Investment tracking. Monarch Money is a popular choice for users looking for quality finance subscriptions.
Wave
Free accounting and invoicing for small businesses
Wave is a financial and accounting service that provides free accounting and invoicing for small businesses. Founded in 2010 and headquartered in Toronto, Canada, Wave offers 2 pricing plans. It offers a free tier as well as paid plans starting from $16/month. Key features include Free accounting, Invoicing, Receipts scanning, Payments. Wave is a popular choice for users looking for quality finance subscriptions.
Feature Comparison
Side-by-side comparison of features and capabilities
| Feature | Monarch Money | Wave |
|---|---|---|
| Starting Price | $14.99/mo | Free |
| Plans Available | 1 | 2 |
| Year Founded | 2019 | 2010 |
| Headquarters | San Francisco, California | Toronto, Canada |
| Account linking | ||
| Net worth tracking | ||
| Budgeting | ||
| Investment tracking | ||
| Goals | ||
| Collaboration | ||
| Free accounting | ||
| Invoicing | ||
| Receipts scanning | ||
| Payments | ||
| Payroll | ||
| Reports |
Pricing Comparison
Compare all available plans and pricing tiers
Monarch Money Pricing
$99.99/yr
Wave Pricing
Frequently Asked Questions
Is Monarch Money or Wave better in 2026?
Both Monarch Money and Wave are excellent finance services. Monarch Money offers Account linking and Net worth tracking, while Wave features Free accounting and Invoicing. The best choice depends on your specific needs and budget.
How much does Monarch Money cost compared to Wave?
Monarch Money starts at $14.99/month, while Wave starts at $16/month. Both offer multiple pricing tiers to fit different budgets.
Can I track both Monarch Money and Wave subscriptions?
Yes! TrackMySubscriptions lets you track all your subscriptions in one place, including Monarch Money and Wave. Get renewal alerts, spending analytics, and never miss a payment — 100% free.
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Track Both Services in One Dashboard
Whether you choose Monarch Money, Wave, or both — track all your subscriptions in one place with smart alerts and analytics.