Loam vs Quicken Simplifi: a private Simplifi alternative

Quicken Simplifi is a linked-account spending plan for the US and Canada, with an opt-in AI chat that sends your transactions to outside models such as ChatGPT. Loam works in any country without a bank login, keeps your finances away from AI, and focuses on your total wealth and runway.

Feature by feature

	Loam	Simplifi
Price
Price	$30 a year or $3 a month	$83.88 a year on quicken.com; App Store prices differ
Free trial	30 days, no payment details needed	No; 30-day money-back guarantee
Free plan	No, the trial is the free part	No
Ads	None	None seen
Privacy and your data
Account required	None, not even an email	Yes, a Quicken ID
Bank login	Never	Yes, through aggregation partners; manual accounts possible
Where your data lives	On your phone, plus your own iCloud or Google device backup	Quicken’s cloud servers
AI and your finances	Never sees your finances. Only a bank text format Loam has never seen goes out, until Loam learns its pattern	Quicken AI chat (opt-in, off by default) sends your transactions to outside models such as ChatGPT
Analytics and tracking	None	Its App Store label lists tracking; policy names Google and Meta
App lock	Face ID, Touch ID or fingerprint	Passcode, Face ID or Touch ID
Export	CSV or JSON	CSV, on the web
Getting transactions in
Bank sync	No, by design	Yes, 14,000+ US and Canadian institutions
Bank text messages	Yes, read on the phone. Automatic on Android; a Shortcut on iPhone	No
Manual entry	Yes	Yes, plus CSV import on the web
Voice entry	Siri, without opening the app	Not advertised
Receipt scanning	No	Attach photos; no scanning
Categorising	Merchant rules you set, suggested once you file a shop by hand twice	Automatic, plus if-then rules
What it tracks
Credit cards	Yes, with statements and installment plans	Statement balance and due date for linked cards
Deposits and CDs	Yes: interest payouts, floating rates and maturity	CD balances
Stocks and ETFs	Yes, with average cost and gain	Yes, quotes, cost basis and performance
Crypto	Yes, priced for you	About 55 listed coins with prices
Gold and silver	Gold by karat and silver by fineness, priced off spot	Manual asset only
Property	Yes	Yes, Zillow value or manual
Loans and mortgages	Mortgages, loans and installment plans	Yes
Currencies	80, and totals also readable in a steadier one, such as USD	US or Canadian dollars, one at a time
Planning
Budgets	Monthly category budgets, tagged needs or wants	Spending plan: what is left to spend
Spending insights	Per category, five months back, with what to do	Pre-built and custom reports
Net worth over time	No; the forecast looks forward instead	Yes
Long-term forecast	5, 10 or 20 years of your deposits and investments, with your own return per holding	12-month cash flow; retirement planner on the web
Inflation-adjusted view	Consumer prices, monetary debasement and currency devaluation, filled in for you	In the retirement planner only
Runway	Yes: months of your budget the assets you choose would cover	Not advertised
Savings goals	No goals; a monthly savings target and savings rate	Yes
Recurring charges	Spots monthly charges, their yearly cost and when one goes up	Bills, income and subscriptions
Everyday use
Apps	iPhone and Android	iPhone, iPad and Android
Web app	No	Yes, full web app
Sharing with a partner	No	One other person
Notifications	None, ever	Push, email and in-app alerts
Languages	English and Arabic	English
Where it works	Anywhere, with banks that text in English or Arabic	US and Canada

Which should you pick?

Simplifi is stronger at	Loam is stronger at
Automatic sync with 14,000+ US and Canadian institutions. A 12-month cash flow projection and a retirement planner. Statement balances and due dates pulled from linked cards. A web app and sharing with one other person.	No AI chat reading your transactions. Works outside North America, in 80 currencies. Simplifi shows one currency at a time. Gold and silver priced for you, and deposits that file their interest payouts. Runway, and a forecast of your deposits and investments in today’s buying power, on your phone rather than in a web-only planner.

Pick Simplifi if you are in the US or Canada and want a synced spending plan with reports on the web. Pick Loam if you hold money in several currencies or want your wealth forecast in your pocket.

More comparisons

Try Loam free for 30 days.

In beta now on iPhone and Android. No account, no bank login, no payment details for the trial. Then $30 a year or $3 a month.

Join the iPhone beta Request an Android invite

Quicken Simplifi details are taken from its own website and app store listings in September 2026 and may have changed since. Quicken Simplifi is a trademark of its owner; Loam is not affiliated with it.