Piere vs. Monarch: why Piere is the best Monarch Money alternative
Monarch users, are you looking to simplify your budgeting and financial management? Welcome to Piere! We've made budgeting simpler and smarter, and you're able to create your first budget in just two taps. For tracking net worth, go beyond current data and take advantage of Piere's historical net worth calculations for a more robust and accurate picture of your assets' growth over time.

How Piere Differs from Monarch
Piere
Freemium Model
To welcome new users, Piere offers a 7-day free trial of the app along with a free plan, Piere Purple, and a paid plan, Piere Plus+.
Historical Net Worth Calculations
Piere uses as much transaction data as your connected banks provide to display net worth calculations from even before you connected to Piere.
Virtually Unlimited Dynamic Reports
Create trends and reports with filters for time range, spending, account, payment direction, amount, and so much more.
Xray by Piere™ Financial AI
Get personalized, actionable financial insights with simple plans to get you closer to your goals. Users save on average $3,200.
Automatic, 2-Tap Budget creation
When we say Piere is intelligent, we prove it beginning with the instant budget creation experience. After linking your accounts, Piere leverages industry best principles along with real-time financial analysis to create a personalized budget in just two button presses.
Piere for Web
Get a clearer view of your finances with unique visualizations and financial management tools, built for larger desktop class screens.
Daily Digs & Piere Perks
Dive in to daily financial trivia and compare your responses to others, and get paid for playing along. Plus, take advantage of exclusive perks like hotel stays and $200 cash partner offers for Piere subscribers.
SOC 2 Type II Audited
Piere successfully completed its SOC 2 Type II compliance audit, meaning the app has the same level of security as the nation’s largest financial institutions.
Monarch Money
Monarch Has No Free Tier
Monarch welcomes new users with a short free trial, after which point the app costs nearly $15 per month.
Only Current net Worth Data
Monarch calculates users’ net worth from the time they first connect their accounts to the platform.
Static Reports
View a large, set number of reports with fixed customization options, with mixed dynamic support.
No AI Insights
Monarch doesn’t offer personalized insights.
Manual Budgeting Only
Monarch Money leverages a series of questions and requires forms to be filled out in the app prior to creating a user’s budget, meaning all budget categories must be manually edited and assigned.
Monarch Web
Monarch also offers a web experience, closely mimicking the tools and visualizations you’ll find in the mobile app.
No Perks or Gamification
Monarch doesn’t offer any gamification or lifestyle offers.
No Mention of SOC 2
A search of Monarch’s website and social media omits mention of a SOC 2 Type II compliance audit.