# Monarch Money vs Actual Budget (2026): Free Alternative to Monarch Money

Canonical: https://caniforkit.com/vs/monarch-money-vs-actual-budget
Last updated: 2026-08-11

Compare Monarch Money ($14.99/mo) vs Actual Budget ($0/mo open source MIT alternative to Monarch Money). Side-by-side breakdown of pricing, self-hosting setup, data storage, and practical trade-offs.

## Side-by-Side Comparison Matrix

| Feature / Metric | Monarch Money | Actual Budget |
| --- | --- | --- |
| Monthly Subscription | $14.99/mo | $0.00 / month |
| 1-Seat Annual Cost | $180/yr | $0.00 / year |
| 5-Person Team Annual Cost | $899/yr | $0.00 / year |
| 10-Person Team Annual Cost | $1,799/yr | $0.00 / year |
| License Model | Proprietary Commercial SaaS | MIT |
| Hosting / Runtime | Vendor Cloud | Local or hosted |
| Data Ownership | Stored on vendor servers | Each client works from a local SQLite budget; the server keeps account metadata plus budget blobs under its data directory, and optional end-to-end encryption covers budget contents but not bank-sync tokens. |
| GitHub Stars | Closed Source | ★ 28k |
| Code Repository | None | https://github.com/actualbudget/actual |
| The Catch / Trade-off | Recurring subscription cost | Actual has much weaker investment and net-worth analytics and no equally seamless household collaboration or managed multi-provider account aggregation. |

## About Actual Budget
Budgets, imported transactions, schedules and reports on your disk; investment analytics are much thinner.

- **Installation**: Native desktop app for local-only use, or the official Docker/Node server for browser access and device sync
- **Data Storage**: Each client works from a local SQLite budget; the server keeps account metadata plus budget blobs under its data directory, and optional end-to-end encryption covers budget contents but not bank-sync tokens.
- **Supported Platforms**: desktop, web, self-hosted, one-click install
- **The Catch vs Monarch Money**: Actual has much weaker investment and net-worth analytics and no equally seamless household collaboration or managed multi-provider account aggregation.

## Cost Savings Breakdown
Switching from Monarch Money to Actual Budget eliminates ongoing per-seat subscriptions:
- **Solo / 1-seat**: Save **$180/year**
- **5-person team**: Save **$899/year**
- **10-person team**: Save **$1,799/year**

## Frequently Asked Questions

### Is Actual Budget a good free alternative to Monarch Money?
Yes. Actual Budget is a verified open source (MIT) replacement for Monarch Money. Budgets, imported transactions, schedules and reports on your disk; investment analytics are much thinner.

### What is the catch when switching from Monarch Money to Actual Budget?
Actual has much weaker investment and net-worth analytics and no equally seamless household collaboration or managed multi-provider account aggregation.

## Related

- [All Monarch Money Alternatives](https://caniforkit.com/monarch-money)
- [Actual Budget Full Profile](https://caniforkit.com/fork/actual-budget)
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- [All Paid SaaS Alternatives Index](https://caniforkit.com/alternatives)