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Financial Planning Apps Every Canadian Needs in 2025

Irfan Ameer
Irfan Ameer
8 Min Read

Looking for a way to manage your budget better? With so many financial planning apps available, picking the right one can feel overwhelming. 

Contents
Why Do You Need a Financial Planning App?1. You Need A Budget (YNAB): Best for Taking Control2. Monarch: Best for a Full Financial Picture3. PocketGuard: Best for Cutting Down Spending4. Goodbudget: Best for Family Budgeting5. Wealthica: Best for Tracking Investments6. KOHO: Best for Easy Savings7. Mylo: Best for Round-Up SavingsSimplify Your Financial Life in 2025

But if you’re in Canada and searching for tools to simplify money management, you’re in luck. With Mint discontinuing its services here in January 2024, many Canadians are searching for alternatives. In this guide, we’ll cover seven must-have financial planning apps that can help you stay on top of your finances in 2025.

Why Do You Need a Financial Planning App?

Managing your money can be hard. Whether you’re paying off debt, saving for the future, or tracking expenses, it’s tough to keep everything straight. That’s where financial planning apps come in. 

These apps can organize your spending, track bills, and even help you save or invest smarter. The good news? There are several great options available in Canada. Let’s dive into the best ones for 2025.

1. You Need A Budget (YNAB): Best for Taking Control

Ever wonder where all your money goes? You Need A Budget (YNAB) is here to solve that mystery. This app forces you to give every dollar a job, so you know exactly where your money is going. You categorize your expenses and savings, and YNAB’s zero-based budgeting system helps you allocate your money wisely.

The best part? You can sync your bank and credit card accounts. But YNAB also makes you manually assign transactions to categories, like moving $50 from your “gas” budget after filling up. This approach keeps you engaged, making it easier to manage your money day by day.

Cost: $18.49 CAD per month or $124.99 CAD yearly.

Mobile/Desktop: Available on both.

2. Monarch: Best for a Full Financial Picture

If you’re looking for more than just a budgeting app, Monarch is a great choice. It doesn’t just track your spending. Monarch also syncs your investments, real estate, vehicles, and other assets, giving you a complete picture of your net worth.

What’s cool about Monarch is how it updates your accounts multiple times a day, keeping your financial status up-to-date. Unlike YNAB, you don’t have to manually enter every transaction. Monarch takes more of a “set it and forget it” approach, which is perfect if you’re busy. You can also invite your partner or family to manage finances together.

Cost: $10.83 CAD per month or $129.99 CAD annually.

Mobile/Desktop: Available on both.

3. PocketGuard: Best for Cutting Down Spending

Want to know how much money is left after you’ve paid all your bills? That’s what PocketGuard does best. This app shows you what’s “In My Pocket” (IMP) so you can avoid overspending. It automatically tracks your bank accounts and categorizes your transactions, helping you understand where your money is going.

PocketGuard is great for setting financial goals, and it even monitors subscriptions so you don’t miss a payment. Plus, it offers pie charts and easy-to-read spending reports. If you want to focus on cutting down your daily expenses, this app is a solid choice.

Cost: $8.33 CAD per month or $99.99 CAD annually.

Mobile/Desktop: Available on both.

4. Goodbudget: Best for Family Budgeting

Looking for something to manage household finances? Goodbudget is simple and effective, especially for families. It uses a digital version of the envelope system. Every time you get paid, you allocate your money into “envelopes” for things like groceries, bills, or savings. You can even invite others, like your partner or family members, to collaborate on the app.

The catch? Goodbudget doesn’t sync with your bank accounts, so everything needs to be entered manually. But that’s part of what makes it easy to track and stick to your budget.

Cost: Free version, or $9.99 CAD per month for Goodbudget Plus.

Mobile/Desktop: Available on both.

5. Wealthica: Best for Tracking Investments

For those focused on investments, Wealthica is a must-have in Canada. This app is all about helping you track your investments. Whether you’re into stocks, ETFs, or mutual funds, Wealthica makes it easy to see your portfolio’s performance.

Wealthica is especially useful for keeping an eye on the tax implications of your investments. If you’re serious about growing your wealth, this app provides the tools you need to stay on top of your investment game.

Cost: Free basic version, or premium at $50 CAD per year.

Mobile/Desktop: Available on both.

6. KOHO: Best for Easy Savings

Looking for an app that helps you save while you spend? KOHO is a prepaid card that lets you track spending in real-time and earn cashback rewards. It’s a great way to make sure you’re not overspending, while also earning rewards. KOHO helps you set savings goals, and you can even automate your savings to make it easier.

The app also provides reminders for upcoming bills, so you won’t forget to pay them. It’s a smart choice for anyone who wants to save more without thinking about it too much.

Cost: Free version, with premium starting at $9 CAD per month.

Mobile/Desktop: Available on both.

7. Mylo: Best for Round-Up Savings

Mylo is an effortless way to save and invest. Whenever you make a purchase, Mylo rounds it up to the nearest dollar and invests the difference. Over time, this spare change adds up, and you don’t even need to think about it.

Mylo is perfect for those just starting with investments. You can pick a strategy based on how much risk you want to take, and the app does the rest. It’s a simple, no-fuss way to grow your savings and get started with investing.

Cost: $3 CAD per month, with premium starting at $9 CAD.

Mobile/Desktop: Available on both.

Simplify Your Financial Life in 2025

Managing your money doesn’t have to be complicated. These seven financial planning apps for Canadians in 2025 are designed to help you stay on top of your budget, save smarter, and even invest more easily. Whether you want hands-on control with YNAB or an automated solution like Monarch, there’s an app to fit your needs.

Now’s the time to take control of your financial future. Explore these apps, find the one that works for you, and start managing your money with ease.

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