Mint shut down in January 2024, leaving millions of Canadians searching for alternatives. Whether you want envelope budgeting, automatic transaction tracking, or a no-fee bank account with built-in budgeting, there is a Canadian-friendly option in 2025.
This guide covers every major budgeting tool available to Canadians — what each costs, how it works with Canadian banks, and who each app is best for.
KOHO combines a no-fee bank account with built-in spending tracking and budgeting. It's the easiest way to stick to your budget without a separate app. Use code 45ET55JSYA for a sign-up bonus.
Get KOHO Free — Use Code 45ET55JSYA| App | Cost | Best For | Canadian Banks |
|---|---|---|---|
| KOHO Top Pick | Free / $9/mo Premium | All-in-one bank + budget | Yes (it is a bank) |
| YNAB | $14.99 USD/mo | Debt payoff, envelope method | Yes (manual + sync) |
| Monarch Money | $14.99 USD/mo | Couples, net worth tracking | Partial |
| Copilot | $13 USD/mo | iOS users, AI insights | Partial |
| Wally | Free / Premium | Manual trackers | Yes |
| Spending Tracker | Free | Simple expense logging | Manual only |
KOHO is not just a budgeting app — it's a full no-fee bank account with spending categories, savings goals, and cash back built in. You spend with a Visa prepaid card, and every purchase is automatically categorized. There's no third-party sync required because KOHO is the bank itself.
For most Canadians who just want to stop overspending without learning a complex system, KOHO is the fastest path to budget success.
YNAB is the gold standard for intentional budgeting. It uses zero-based budgeting — every dollar you earn gets "assigned" a job before you spend it. Unlike most apps, YNAB does not connect to Canadian banks automatically (you can import files manually or use its limited sync). The price is $14.99 USD/month ($99 USD/year).
YNAB works best for people who want to get out of debt fast or who have irregular income. The learning curve is steep but the results are real — the company claims new users save an average of $600 in their first two months.
Monarch Money launched as a premium Mint alternative. It connects to Canadian financial institutions and lets couples share a budget dashboard. At $14.99 USD/month, it is comparable in price to YNAB but focuses more on net worth tracking and less on strict envelope budgeting.
Copilot is an iOS-only app with AI-powered spending insights. It connects to many Canadian banks and offers beautiful charts. The $13 USD/month price tag is fair for iPhone users who want polished design and automated categorization.
Not everyone needs a paid app. A Google Sheets budget template works perfectly for people who want full control and zero monthly fees. The downside is you must manually enter transactions — easy to skip when life gets busy.
Intuit shut down Mint in January 2024, pushing millions of Canadian users to find alternatives. This was one of the biggest personal finance events of 2024 in North America. The good news is the alternatives in 2025 are genuinely better — KOHO in particular offers budgeting tied directly to your banking, which Mint never did.
The best budgeting app for most Canadians in 2025 is KOHO. It removes the friction of syncing a separate app by making your bank account the budgeting tool. For serious debt payoff with the envelope method, YNAB is worth the cost. For free options, a Google Sheets template or KOHO's free plan handles the basics with zero subscription fees.