Worthy vs Wealthsimple
The Wealthsimple alternative built for net worth tracking
Worthy
$16.99
one-time
Free
with managed-account upsell
Feature comparison
Why users leave Wealthsimple
Common frustrations
Net worth tracking is barebones - mortgages take a single value, no amortization or payoff calculation
No payment-by-payment tracking for loans, credit cards, or auto debt
Built for investing first - net worth is a side feature, not the focus
Requires account-linking and stores your financial data on their servers
Why choose Worthy
100% Private
Data never leaves your device
One-time
Pay once, own it forever
60-second setup
No bank connections
The bottom line
Choose Worthy if
You want simple, private net worth tracking without subscriptions or bank connections.
Choose Wealthsimple if
You need transaction tracking, budgeting, or don't mind the trade-offs of a free service.
Wealthsimple vs Worthy FAQ
Does Wealthsimple have a real net worth tracker?
Wealthsimple has a basic net worth view, but it's a side feature of their investing app. Mortgages are entered as a single value rather than calculated from principal, interest rate, and payments - so you don't get amortization, payoff dates, or interest projections. Worthy is purpose-built for this and handles loans properly.
How does Worthy handle mortgages compared to Wealthsimple?
In Wealthsimple you type in one number for what you owe and update it manually. In Worthy you enter the loan terms (principal, rate, term, monthly payment) and the app calculates your remaining balance, interest paid, and payoff timeline. The same applies to auto loans, student loans, and credit cards.
Is Worthy a good Wealthsimple alternative outside Canada?
Yes. Wealthsimple's investing and banking products are mostly Canada-only, and the net worth feature is tied to their app. Worthy is available worldwide, doesn't require a brokerage account, and works as a standalone tracker no matter where you live.
Can I use Worthy alongside Wealthsimple?
Many people do. Keep Wealthsimple for investing or banking if it works for you, and use Worthy as the actual net worth tracker - especially if you have real estate, a mortgage, or liabilities that Wealthsimple's simple field-entry can't model accurately.
Looking for the full overview? Read the Wealthsimple alternative guide →