Plenty vs. Quicken Simplifi: Which Budgeting Tool Is Right for You?

Choosing the right budgeting app is crucial to managing your finances effectively. Here’s a side-by-side comparison of Plenty and Quicken Simplifi to help you decide which platform suits your needs.

Plenty: The Best for Couples

Price: 100% free budgeting and net worth tracking (0.20% fee for investing).

Features:

• Designed specifically for couples to track shared and individual finances with a "what’s ours" and “what’s mine” view.

• Personalized goal planning for shared dreams like weddings, homes, and more.

• Grow your money faster with a 4.14% 7-day yield* on savings.

• Comprehensive net worth tracking and future forecasting tools.

Beyond Budgeting: Yes. Plenty goes beyond budgeting with tools for collaborative goal planning, savings optimization, and long-term investing strategies.

Why It’s Best for Couples: Plenty simplifies managing shared finances, offering features that promote collaboration, communication, and transparency—all at no cost for core budgeting tools.

Quicken Simplifi: The Classic Budgeting Tool

Price: $5.99/month, billed annually

Features:

• Offers personalized spending plans and detailed financial reports.

• Tracks bills, income, and expenses in real time.

• Automatically categorizes transactions for deeper insights.

Beyond Budgeting: No. While Quicken Simplifi offers investment tracking, its features are more focused on traditional budgeting and expense management.

Why It’s Best for Individuals: Quicken Simplifi is ideal for those who want an all-in-one financial tool with robust features but don’t mind the subscription cost and desktop-first interface.

Key Differences

• Cost: Plenty is free for budgeting and net worth tracking, while Quicken Simplifi requires a subscription.

• Focus: Plenty is built for couples managing shared finances, while Quicken Simplifi targets individuals who want detailed financial reporting.

• Features: Plenty includes goal planning and savings growth, while Quicken Simplifi excels in customizable reports and transaction categorization.

The Verdict

If you’re a couple looking for a free, intuitive app to manage your finances together, Plenty is the clear winner. It offers personalized goal planning, net worth tracking, and savings growth tools tailored to your shared financial journey.

👉 Start your financial journey with Plenty today.

About Plenty

Plenty is a wealth management platform designed specifically for couples. We go beyond budgeting, making it simple to invest, save, and grow toward your future goals by unlocking access to the financial strategies of the wealthy. Ready to get started? Sign up for free today.

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*Plenty's cash management product invests 99.5%+ of the portfolio in US-government backed securities as of January 3, 2025. Although the strategy seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. You could lose money by investing in the strategy. Plenty's cash management product is SIPC insured. An investment in the strategy is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The rate quoted is subject to change and will decrease or increase based on changes in market conditions, interest rates, among other factors. The rate quoted is net of transaction and advisory fees.

The information provided herein is for general informational purposes only and should not be considered individualized recommendations or personalized investment advice. The type of strategies mentioned may not be suitable for everyone. Each investor should evaluate an investment strategy based on their unique circumstances before making any investment decisions.Investing involves risk, including risk of loss. Past performance may not be indicative of future results. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Tax-loss harvesting involves certain risks, including, among others, the risk that the new investment could have higher costs than the original investment and could introduce portfolio tracking error into your accounts. There may also be unintended tax implications. We recommend that you consult a tax professional before taking action.Plenty does not provide legal or tax advice. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.All expressions of opinion are subject to change without notice in reaction to shifting market, economic, and geo-political conditions