Peggy vs Quicken Simplifi
Peggy vs Simplifi - Which Expense Tracker Fits You?
Two different approaches to personal finance. Simplifi gives you a full financial dashboard with bank sync, investments, and retirement planning. Peggy is the simple way to stay on top of your finances - voice entry, AI chat, shared wallets, no bank login required.
Two different tools for different needs
Simplifi is a financial dashboard
Quicken Simplifi connects to 14,000+ financial institutions and pulls in everything automatically - checking, savings, credit cards, investments, loans. It gives you net worth tracking, retirement projections, bill reminders, and multiple budgeting methods (zero-based, envelope, 50-30-20). If you want one place to see your entire financial picture, that's what Simplifi is built for.
Peggy is a fast, private expense tracker
Peggy focuses on the daily side of money management. Say "I spent $23 on groceries" and it's logged, categorized, and attributed in seconds. Snap a receipt and AI extracts the details. Ask "How much did I spend on food this month?" and get an instant answer. It's built for people who want to track spending without connecting their bank or navigating a complex dashboard.
Bank sync vs. no bank sync - a deliberate tradeoff
Simplifi's main input is automatic bank sync. When it works well, you barely need to open the app - transactions flow in and get categorized. The tradeoff is that you're sharing bank credentials with a third-party aggregator, and when connections break (which happens after bank security updates), your budget goes dark until you re-authenticate. Peggy skips bank sync entirely - you control what goes in, and nothing breaks when your bank changes its login page.
$4/mo vs. $5.99/mo (or $2.99 promo)
Simplifi's promotional rate is $2.99/mo, but that requires paying for a full year upfront. The regular monthly rate is $5.99. Peggy is $4/mo with a 7-day free trial, no annual commitment required. If Simplifi's investment tracking and retirement planning matter to you, the price difference is worth it. If you just need expense tracking and budgeting, Peggy covers that for less.
Feature comparison
Verified April 2026 - Simplifi pricing
| Feature | Peggy | Simplifi |
|---|---|---|
| Price | $4/mo (7-day free trial) | $5.99/mo ($2.99 promo, billed annually) |
| Free trial | 7 days | 30-day money-back guarantee |
| Voice expense entry | Yes | No |
| AI chat insights | Yes | No |
| Receipt/screenshot scanner | Yes | No |
| Bank sync | No (by design) | Yes (14,000+ institutions) |
| Investment tracking | No | Yes |
| Retirement planning | No | Yes |
| Net-worth dashboard | No | Yes |
| Budget methods | Category budgets | Zero-based, envelope, 50-30-20 |
| Bill/subscription tracking | Yes | Yes |
| Shared access | Shared spaces w/ roles | Limited ("Spaces") |
| Multi-currency | Yes | No |
| Debt tracking | Yes | Limited |
| CSV import / export | Yes (both) | Limited |
| Privacy model | No bank credentials needed | Requires bank login via aggregator |
Where Simplifi is the better choice
Investment tracking and retirement planning
Simplifi consolidates your investment accounts, shows portfolio performance, cost basis, and real-time market quotes. It also has retirement projections with customizable scenarios. Peggy doesn't do any of this - if investment monitoring is important to you, Simplifi is the right tool.
Net worth monitoring
With connections to 14,000+ institutions, Simplifi can show your total net worth across all accounts - checking, savings, credit, investments, property. Peggy tracks expenses and budgets, not aggregate net worth.
Full web app
Simplifi has a web interface alongside its mobile apps. If you prefer managing finances on a desktop, Simplifi gives you that option. Peggy is mobile-only for now (iOS and Android).
Multiple budgeting methodologies
Simplifi supports zero-based budgeting, envelope budgeting, and the 50-30-20 method. Its "Spending Plan" automatically calculates your daily allowance based on income, bills, and savings goals. Peggy uses straightforward category-based budgets - simpler, but less flexible if you follow a specific methodology.
Where Peggy is the better choice
Voice-first expense tracking
Say "I spent $12 on lunch at Chipotle" and Peggy logs it in seconds - amount, merchant, and category parsed by AI. Simplifi doesn't have voice input. If speed of entry matters to you, this is the biggest difference between the two apps.
Receipt scanner and AI chat
Snap a receipt or screenshot and Peggy extracts the transaction details automatically. Ask "How much did I spend on coffee this month?" and get an instant answer. Simplifi has pre-built reports, but no conversational AI or receipt scanning.
Privacy - no bank credentials needed
Simplifi requires your bank login to work, routing credentials through third-party aggregators. Peggy never asks for your bank login. You log expenses directly - voice, receipt, or manual entry. No aggregator, no credential sharing, no broken connections.
Shared wallets for couples and roommates
Peggy has built-in shared spaces with owner and member roles. Invite a partner via an 8-digit code and both of you can add expenses by voice from your own phone. Simplifi's "Spaces" feature allows limited sharing with partners or financial advisors, but it's not designed around collaborative expense tracking.
Multi-currency support
Peggy supports multiple currencies natively - useful for travelers, expats, or anyone who spends in more than one currency. Simplifi is primarily designed for single-currency (USD) use.
How to switch from Simplifi to Peggy
1. Export your Simplifi data
In Simplifi, look for a data export option in Settings. Download your transactions as CSV if available. This captures your historical spending data including amounts, dates, and categories.
2. Import into Peggy
Open Peggy, go to Settings → Import, and upload the CSV. Peggy maps columns automatically and brings in your transaction history.
3. Set up your budgets
Create budget limits per category in Peggy. Your category names from the import will carry over, so you're mostly confirming limits rather than starting fresh. Takes about 5 minutes.
Frequently asked questions
Can I import my Simplifi data into Peggy?
If you can export your Simplifi transactions as CSV, you can import them into Peggy. Your transaction history, amounts, and categories will carry over.
Why doesn't Peggy connect to my bank like Simplifi does?
By design. Bank syncing requires routing your credentials through third-party aggregators like Plaid. Peggy takes a different approach - you log expenses by voice, receipt screenshot, or manual entry. No aggregator ever touches your banking credentials.
Is Peggy cheaper than Simplifi?
At regular price, yes. Peggy is $4/mo flat. Simplifi is $5.99/mo (or $2.99/mo at the promotional rate, billed annually). The promo rate requires committing to a full year upfront.
Does Peggy track investments or retirement?
No. Peggy is focused on everyday expense tracking, budgeting, and shared wallets. If you need investment portfolio tracking, net worth monitoring, or retirement planning, Simplifi is the better choice for that.
Which app is better for couples?
Peggy has built-in shared spaces with owner and member roles - invite a partner via an 8-digit code and both can add expenses by voice. Simplifi has a "Spaces" feature for sharing with partners or advisors, but it's more limited in collaboration features.
Does Simplifi have voice entry or AI chat?
No. Simplifi relies on automatic bank-sync categorization and manual adjustments. Peggy lets you say "I spent $15 on coffee" and AI parses it instantly, or ask "How much did I spend on food this week?" and get an answer in seconds.