Simplifi Review [2024]: Is It Worth the Monthly Fee?

SAVING & SPENDING - BUDGETING & EXPENSES
Trying to get a handle on your finances? Simplifi gives you the big picture, so you can make better decisions with your money.
Updated April 12, 2024
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In this Simplifi review

Key takeaways

  • We recommend Simplifi for its simple and intuitive user interface that makes managing finances easy yet informative.
  • We like that Simplifi provides valuable insights into spending trends and habits as well as real-time alerts that help keep you updated about your financial status.
  • Simplifi makes it easy to customize your spending categories and set and track savings goals.
  • One of Simplifi's limitations is that it doesn't offer credit score tracking.
  • Simplifi comes with a subscription fee of $2.99 per month, billed annually.

Simplifi: Is it worth it?

Pros
  • Simple and intuitive user interface
  • Easily trackable spending trends
  • Customizable budgeting and savings tools
Cons
  • $2.99 monthly subscription fee (billed annually)
  • No credit score monitoring

Our verdict: We recommend Simplifi for those seeking a detailed yet user-friendly personal finance app. Its intuitive interface, easy-to-digest approach to the information it provides, and customizable goals make it one of the best budgeting apps. However, it may not be the best fit for those looking for a free app or those who want to track their credit score within the same platform.

What is Simplifi?

Simplifi was first announced in February 2020 as the latest addition to the suite of personal finance solutions offered by Quicken. The company has been in business for more than 30 years and is best known for its personal accounting solutions that track spending and investments online.

Unlike other Quicken solutions, Simplifi is simple and straightforward to use as its primary goal is to help people better visualize, spend, and save their money. By offering helpful organization tools that connect with your bank account, Simplifi can help you track your bills and other expenses as well as your progress when it comes to various savings goals.

How does Simplifi work?

Simplifi can connect to over 14,000 financial institutions, which means you’ll be able to see your full financial picture in real time — even if your money is in many places.

By pulling data from all of your connected financial accounts (credit card accounts, savings accounts, retirement funds, checking accounts, etc.), the app is able to provide various high-level views of your finances, including things like your debt-to-income ratio, your net worth, your cash flow, and even your spending on certain projects.

Simplifi's budgeting features

Simplify doesn't only help you track the big picture items. It will also help you learn how to manage your money. It can help you with various budgeting tasks, including:

  • Find and track recurring expenses
  • Establish spending categories
  • View your upcoming bills
  • Set up savings goals

With so many personalization features, the Simplifi app can help you gain a better awareness of your overall financial picture.

You can monitor your spending by category, or set up custom spending watchlists using categories or tags. Simplify even helps you come up with a personalized spending plan based on your goals. You can also set up automatic monthly contributions to meet your savings goals.

In this way, Simplifi is a great tool for helping people overcome their biggest financial obstacles, whether that’s to get out of debt, curb their spending, or save up enough money for a big purchase like a wedding or a car.

Simplifi's limitations

One of the only things the app doesn’t help you with is tracking your credit score. Although other personal finance apps may offer a way to check your score or track it for changes, this isn’t something Simplifi offers at the moment. 

However, if you use the app consistently and make positive changes to your finances, including how you use and repay credit, you may see a boost to your credit score over time.

Simplifi's cost

Simplifi isn't free. With so much to offer, Simplifi has a fairly reasonable cost of $2.99 per month. This subscription fee is billed annually as a single charge of $35.88.

Oftentimes, Simplifi runs promotions that reduce the first-year fee for new customers. And Simplifi never charges additional fees or runs ads that will interrupt your service.

Simplifi's app availability

The Simplifi app is available for both iOS and Android mobile users. The Simplifi app has ratings of 4 out of 5 on Apple's App Store and 3.1 out of 5 on Google's Play Store.

Who is Simplifi best for?

The Simplifi app is an ideal choice for anyone interested in better understanding their finances and improving their spending and saving habits. Not only will the various personalization features allow you to fully customize the app to fit your needs, but it’s also an incredibly intuitive and easy-to-use app — hence why we named it the best user-friendly budgeting tool. 

Apart from providing a positive user experience, Simplifi also makes it easy to track all of your accounts in one place, from credit cards to investment accounts. If you want a quick, comprehensive look at where your money is going, this app may be right for you.

Whether you’re looking to gain more insight into your spending, better track your bills and expenses, or just hit a savings goal in less time, Simplifi has tools that can help you accomplish all of these things.

Simplifi Benefits

  • Automated spending plans so you always know how much you have to spend
  • Real-time alerts for everything from unusual activity to upcoming bills
  • Set up and track multiple savings goals
  • Customizable reports to see all of your accounts in one place

How to get started with Simplifi

Simplifi is available online at simplifimoney.com, or it can be downloaded for iPhone or Android. Simply visit the App Store or Google Play and click to add Simplifi to your mobile device. Because both the web and mobile app versions offer the same solutions, you can seamlessly go back and forth between the two and manage your finances in whatever way is most convenient for you. You can also reach out to customer support via either app version if you ever have questions.

Other budgeting apps to consider

If Simplifi doesn't sound quite right for your budgeting needs, there are more budgeting apps you might want to try instead.

Rocket Money is another Bay Area finance management platform, but this one has a focus on helping you decrease your spending. The company not only helps you curb your purchases by helping you track and categorize spending, but it will also help you eliminate pricey subscriptions or even contest a bill that seems too high. And the best part? Rocket Money will negotiate with companies on your behalf; you don’t need to worry about spending hours on the phone with your cable or wireless provider.

For more details, read our Rocket Money review or our Rocket Money vs. Simplifi comparison.

Digit is a San Francisco-based finance app that was launched back in 2013. It helps you automate your savings by analyzing your spending and expenses and then transferring money into a savings account based on what you can afford. Digit also lets you set short- and long-term savings goals and helps you work toward them.

For more information, read our Digit review.

Simplifi FAQ

Is Simplifi legit?

Launched in February 2020, Simplifi is a legit personal finance app owned and operated by Quicken Inc.— a trusted company with more than 30 years of experience developing personal finance solutions.

How much does Simplifi cost?

Simplifi costs $2.99 per month, but it's billed annually ($35.88 per year). The company does not charge any additional fees on top of the subscription cost.

Can you check your credit score with Simplifi?

Simplifi does not currently offer a way for users to check or monitor their credit scores.

Is Simplifi secure?

Simplifi is secured and regulated by Quicken, which has been a trusted personal finance solutions provider for over 30 years. Simplifi uses 256-bit encryption to securely transfer data from your bank accounts into the app.

Simplifi: bottom line

We believe that Simplifi is a useful budgeting and personal finance app that offers a robust and user-friendly experience. Simplifi has a comprehensive suite of features to help users manage their finances. Its real-time alerts, savings goals, and insightful spending trends make it a valuable tool for anyone looking to improve their financial health.

Overall, we recommend Simplifi for those seeking a detailed yet intuitive approach to personal finance. However, the subscription fee of $2.99 per month (billed annually) may be a consideration for some. For more top recommendations, check out our list of the best budgeting apps.

Simplifi Benefits

  • Automated spending plans so you always know how much you have to spend
  • Real-time alerts for everything from unusual activity to upcoming bills
  • Set up and track multiple savings goals
  • Customizable reports to see all of your accounts in one place

Author Details

Larissa Runkle Larissa writes for FinanceBuzz and divides her time between a cabin in the San Juan Mountains and traveling in a van. She enjoys writing about travel, debt relief, personal loans, and mortgages. Her work has been featured on MagnifyMoney, LendingTree, and Realtor.com. Outside of finance and real estate writing, she’s also at work on several fiction projects. When away from the computer, you’ll find her reading, exploring local trails, and climbing rocks.

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