Knowing your net worth – what you own minus what you owe – is eish, crucial for a healthy financial future. Luckily, there's a whole bunch of apps to help you keep track. This guide compares the top net worth tracking apps of 2025, looking at features, prices, and ease of use. Whether you're a high-roller or just starting out, we'll help you find the perfect fit. We’ll cover everything from Empower and YNAB to tips for avoiding costly mistakes. For advanced strategies, check out our guide on high-net-worth planning.
Finding Your Perfect Net Worth Tracking App
Tracking your net worth isn't only for the mega-rich; it's clever for anyone wanting to understand their finances better. It's a simple picture of your assets minus liabilities, showing you where you stand. But how do you find the right app? Let's look at the options. Remember, the "best" app depends on your situation and tech skills.
Free Apps: A Good Start
These apps are great for getting a feel for net worth tracking.
Empower: Easy to use, with a clean interface. Perfect for beginners.
- Pros: Simple, beginner-friendly dashboard.
- Cons: Limited asset tracking, basic reporting.
WalletHub: Simple and intuitive, great if you don't want anything too complex.
- Pros: Straightforward design.
- Cons: Fewer integrations than paid apps.
PocketSmith (Free Plan): A taste of more advanced features, but many are behind a paywall.
- Pros: Preview of advanced tools.
- Cons: Limited functionality in the free version.
Paid Apps: More Power, More Features
These apps provide more detail and sophisticated analysis.
Kubera: Powerful, built for those with serious assets. It's comprehensive but has a learning curve.
- Pros: Tracks diverse assets, sophisticated analytics, multi-currency.
- Cons: Expensive, takes time to master.
Monarch: Ideal for diverse assets (property, international investments). Links to external data sources, too.
- Pros: Handles diverse asset mixes, uses external valuation data.
- Cons: Subscription fee; valuation accuracy depends on data sources.
YNAB (You Need A Budget): While not strictly a net worth tracker, YNAB's budgeting features are top-notch and include net worth tracking. Excellent for those wanting to control spending.
- Pros: Superb budgeting tools; helps manage cash flow.
- Cons: Takes time to master; net worth tracking is a secondary feature.
Tiller Money: For those comfortable with Google Sheets – highly flexible, but requires spreadsheet know-how.
- Pros: Highly customizable, integrates with many financial institutions.
- Cons: Needs spreadsheet skills; some manual data entry needed.
Albert: A financial assistant that also tracks net worth. Great for everyday use.
- Pros: Automated features, AI-powered insights, includes budgeting and saving tools.
- Cons: Less detailed features than other apps.
Simplifi: Simplifies your finances, with net worth tracking included. A good all-in-one financial management solution.
- Pros: User-friendly, combines budgeting, spending analysis, and net worth tracking.
- Cons: Can be pricey; some might find advanced features unnecessary.
Copilot Money: A newer app focusing on personalized financial guidance.
- Pros: AI-powered recommendations, integrates budgeting and net worth tracking.
- Cons: Still under development; features might change.
Choosing the Right App: A Quick Comparison
This table helps you compare apps quickly. Prices can change, so check the app's website.
| App | Pricing Model | Automation Level | Asset Coverage | Ease of Use |
|---|---|---|---|---|
| Empower | Free | High | Limited | High |
| WalletHub | Free | Medium | Limited | High |
| PocketSmith | Free/Paid | Medium | Limited/Extensive | Medium |
| Kubera | Paid | Medium | Extensive | Medium |
| Monarch | Paid | Medium | Extensive | Medium |
| YNAB | Paid | Low | Moderate | Medium |
| Tiller Money | Paid | Low | Extensive | Low |
| Albert | Paid | High | Moderate | High |
| Simplifi | Paid | High | Moderate | High |
| Copilot Money | Paid | High | Moderate | High |
App Recommendations
Beginners: Empower or WalletHub are great starting points.
Complex Finances/Major Assets: Kubera or Monarch handle extensive portfolios.
Financial Advisors: These apps can streamline client reporting and financial planning.
Disclaimer: This is for educational purposes only and is not financial advice. Do your own research before choosing an app.
Choosing the Best Net Worth Tracking App for High Net Worth Individuals
Key Takeaways:
- The market offers apps for different needs and wealth levels.
- Free apps offer basics, premium services provide advanced features.
- The right app depends on cost, features, asset types, and automation.
- Regular monitoring is essential.
- Security and data privacy are paramount.
What to Look For in a High-Net-Worth App
For those with substantial assets, a basic app won't suffice. You need robust functionality and comprehensive coverage.
- Global Asset Support: Does the app handle international investments, property, and less common assets?
- Security & Privacy: Your data is sensitive. Look for top-notch security and transparent policies.
- Advanced Reporting: You need detailed reports for tax purposes and financial planning.
- Integration Capabilities: Does it integrate with your financial accounts?
- Customer Support: What level of support does the provider offer?
Top Contenders: A Quick Look
| App | Pros | Cons | Pricing | Ease of Use |
|---|---|---|---|---|
| Kubera | Comprehensive asset coverage, advanced reporting, strong security. | Premium pricing, steeper learning curve. | Subscription-based | Medium |
| Simplifi | Robust reporting, integrates with budgeting tools, user-friendly interface. | Premium pricing. | Subscription-based | High |
| Monarch Money | User-friendly, automatic updates for assets like property and vehicles. | Fewer international asset options, premium pricing. | Subscription-based | High |
| Empower | Free version available, strong investment analysis tools. | Limited international asset support, may upsell wealth management services. | Freemium | High |
Making Your Choice: A Step-by-Step Guide
- Assess Your Needs: Identify your requirements (asset types, reporting, automation).
- Trial Free Versions: Test functionality before committing.
- Compare Features: Use the tables above as a starting point.
- Check Security & Privacy: Ensure they align with your expectations.
- Consider Customer Support: Good customer support is essential.
- Make Your Decision: Choose the app best suited to your goals.
Mitigating the Risks
Data security is crucial. Choose an app with strong security measures and regularly review your account activity. Contact customer support immediately if you encounter problems.