Monarch money

Overview of Monarch Money - The Modern Way to Manage Your Finances

Monarch Money is an all-in-one financial management platform that provides users with a complete view of their financial accounts, spending, budgets, goals, and investments in one place.

Monarch syncs with over 13,000 financial institutions to bring together data from checking, savings, credit cards, loans, mortgages, retirement accounts, and investment accounts. This gives users a holistic view of their net worth and cash flow.

The platform aims to provide clarity, confidence, and peace of mind for your finances through features like budgeting, spending insights, investment tracking, goal setting and more. Monarch Money has mobile apps for iOS and Android plus a web app.

How Does Monarch Money Work?

Monarch Money connects to your financial accounts using a read-only connection. It pulls in transaction data to build your financial profile but cannot move money or change data.

Once your accounts are linked, Monarch categorizes each transaction and uses the data to build interactive charts, graphs, and reports. You can view transaction details, spending by category, income, account balances over time and more.

Monarch Money automatically updates when new transactions occur so you always have an up-to-date view of your finances.

Key Features and Benefits

Net Worth Tracking

See all your assets, debts, and account balances in one place. Track your net worth over time.

Budgeting

Set budgets for categories like dining, groceries, shopping. Get notifications if you exceed budgets.

Recurring Transactions

Manage bills, income, subscriptions. Get reminders when payments are due.

Investments

See allocation across accounts and performance over time.

Spending Insights

See where your money is going each month. Identify trends and optimize spending.

Custom Dashboard

Customize dashboard with widgets for goals, net worth, cash flow, and more.

Financial Goals

Set savings goals like emergency fund, vacation, down payment. Track progress.

Transactions List

Search all transactions across accounts in one place.

Collaboration

Invite partner or advisor to view finances without sharing logins.

Bank-Level Security

Uses bank-level AES 256 encryption and secure protocols like OAuth. No passwords stored.

Who is Monarch Money For?

Monarch Money is designed for:

• Couples - Share finances without combining accounts. Each gets own login.

• Families - Track family spending and saving goals.

• Individuals - Optimize personal finances and achieve goals.

• Advisors - Securely collaborate with clients.

Plans and Pricing

View Plans and Pricing

Reviews and Reputation

Monarch Money is highly rated on TrustPilot with 4.8 out of 5 stars. It has been featured in the Wall Street Journal, TechCrunch, Business Insider, and more.

Users praise the easy to use interface, spending insights, budgeting tools, investment tracking, and top notch customer support.

Useful Links

Monarch Money Website

Download the Mobile Apps

Sign Up for Free Trial

View Features

Monarch Money Pricing

Monarch Money Help Center