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Track, budget, plan, and do more with your money all in one app.

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3 reviews tracked·1 press mentions

The Bottom Line

Entry price

Paid plans only

Biggest pro

Good personal finance

Biggest con

Subscription required

TL;DR - Monarch Money

  • All-in-one platform for tracking, budgeting, and planning finances.
  • Connects all financial accounts, including investments and real estate, for a complete financial picture.
  • Offers collaborative features, goal setting, and customizable reports for insightful financial management.
Pricing: Paid only
Best for: Enterprises & pros

What is Monarch Money?

Editorial review
Monarch is a comprehensive personal finance management platform designed to bring all your financial accounts into a single, clear view. It helps users track their net worth, monitor day-to-day spending, and manage cash flow with confidence. The platform offers robust budgeting tools that adapt to individual needs, allowing users to create flexible budgets and stay focused on their financial goals. Beyond individual financial management, Monarch facilitates collaboration, enabling partners or financial professionals to view and manage finances together, making it ideal for couples and families. It also provides features for setting and tracking financial goals, automatically detecting recurring subscriptions, and generating customizable reports to visualize financial trends. With best-in-class data connectivity to over 13,000 financial institutions, Monarch ensures all financial data is always in sync across web, iOS, and Android devices, offering a complete and up-to-date financial picture.

Available on: Web, iOS, Android

Pros & Cons

Pros

  • Good personal finance
  • Clean UI
  • Good aggregation
  • Investment tracking
  • Good for couples

Cons

  • Subscription required
  • No free tier
  • US focused
  • Limited features
  • Better alternatives exist

Ratings Across the Web

5(3 reviews)

Ratings aggregated from independent review platforms. Learn more

Key Features

Personal financeAccount aggregationBudgeting toolsInvestment trackingFinancial planningCollaborative finances

Pricing Plans

7-day Free Trial

Monthly

$14.99/month

  • All features included
  • Unlimited accounts
  • Share with family
  • No ads

Annual

$99.99/year

  • All features included
  • Best value ~$8.33/mo
  • Share with family
  • No ads

How Monarch Money's pricing compares

At $8.33/mo, Monarch Money is mid-range of its 3 direct competitors ($2.99 to $49/mo across the set).

$2.99
Monarch Money
$8.33
$49

Entry paid plan, monthly.

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Monarch Money FAQ

What specific types of financial accounts can be connected to Monarch for a comprehensive net worth view?

Monarch allows users to connect a wide range of financial accounts, including bank accounts, credit cards, loans, and investments. Additionally, it integrates with Zillow to incorporate real estate property values into the net worth calculation.

How does Monarch assist in managing recurring expenses and subscriptions?

Monarch automatically detects recurring subscriptions and bills, presenting them in either a calendar or list view. This feature helps users track what they are paying for, identify forgotten charges, and receive reminders to manage cash flow and avoid missed payments.

Can users customize their financial reports and dashboards within Monarch?

Yes, Monarch offers customizable charts and reports to visualize financial data, such as spending trends, income, and net worth over time. The dashboard is also customizable, allowing users to arrange widgets like net worth, recent transactions, and investment performance to prioritize important information.

What are the collaboration features available for users who want to manage finances with a partner?

Monarch enables users to invite a partner to view their full financial picture, budget together, and work towards shared goals. When both partners sync their accounts, they gain a unified view of their finances, facilitating easier alignment and joint financial planning.

How does Monarch categorize transactions, and can users interact with this categorization?

Monarch utilizes AI to automatically categorize transactions, providing insights without manual effort. Users can also quickly review or edit transactions as they come in, ensuring accuracy and personalized categorization.

What is the scope of Monarch's data connectivity with financial institutions?

Monarch boasts best-in-class data connectivity, syncing with multiple financial data providers to connect with over 13,000 financial institutions. This ensures that accounts remain consistently synchronized and up-to-date.

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