Honeydue vs. Monarch Money vs. WalletHub

Honeydue vs. Monarch Money vs. WalletHub: Key Characteristics

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Below, we will walk you through some of the apps’ key features. We will also highlight which app wins each category.

Honeydue vs. Monarch Money vs. WalletHub: Cost

Winner: WalletHub

Both WalletHub and Honeydue offer a free plan, unlike Monarch Money. WalletHub’s free account lets you do things like make a budget, create debt payoff plans, import transactions, track your net worth, and view a timeline of important financial alerts. Honeydue’s free account gives you the ability to sync your financial accounts for automatic tracking, create a budget, set reminders for upcoming bills, and share your account with your spouse or partner.

For more advanced budgeting features, you may want to consider a paid subscription. While Monarch Money’s subscription costs $99.99 per year, WalletHub’s premium plan costs much less, starting at just $47.90 for the first year and renewing at $95.90 afterward. WalletHub’s premium account lets you sync your financial accounts, share your account with up to five other people, and easily track your subscriptions in one place. Honeydue does not offer a premium plan with advanced budgeting features.

With the number of budgeting features included in its free plan and the inexpensive cost of its premium subscription, WalletHub comes out on top in this category.

Honeydue vs. Monarch Money vs. WalletHub: Automatic Bank Sync

Winner: WalletHub

All three apps allow you to sync your financial accounts, such as bank accounts, credit cards, and investments, to have your expenses automatically tracked. However, WalletHub takes the lead since it is the only app here that automatically loads accounts from your credit report onto your budget, so you don’t have to manually add the details for all your accounts.

Honeydue vs. Monarch Money vs. WalletHub: Debt Payoff Plans

Winner: WalletHub

WalletHub takes the lead in this category since it is the only app here that offers personalized debt payoff plans. WalletHub’s debt payoff plans are available for free with a basic WalletHub account, and the plan can help you work your way toward becoming debt-free. Monarch Money and Honeydue do not offer customized debt payoff plans.

Honeydue vs. Monarch Money vs. WalletHub: Account Sharing

Winner: Monarch Money

All three apps let you share your account with others, which can help you budget more efficiently with people in your household. While a Honeydue account is designed to be shared between two people, WalletHub lets you share your account with up to five other people. However, Monarch Money wins this category since there is no limit to the number of people you can add to your account.

Honeydue vs. Monarch Money vs. WalletHub: Budgeting Templates

Winner: WalletHub

There’s only one way to budget with Honeydue, while Monarch Money offers you two ways to structure your budget. However, on WalletHub, you can structure your budget in five different ways, giving you more control over how you organize your finances. That is why WalletHub wins this category. WalletHub users can create a budget using their total income and expenses only, or build a budget based on the 50/30/20 rule, the pay-yourself-first strategy, envelope budgeting, or micro-envelope budgeting.

Honeydue vs. Monarch Money vs. WalletHub: Customer Support

Winner: WalletHub

All three apps offer email support, but WalletHub wins this category because premium users get priority support, giving them personalized assistance to address and resolve any issues quickly. 

Honeydue vs. Monarch Money vs. WalletHub: Non-Budgeting Features

Winner: WalletHub

WalletHub gives you access to the most features, including the ability to view your credit score and report, use a credit score simulator, track your network, access credit and identity monitoring services, and much more. That is why WalletHub is on top in this category.