Monarch: Budget & Track Money
by Monarch Money, Inc.
App Store
Finance
Free
4.9
Rating
48,960
Reviews
-
Downloads
27
Views
Description
Consider Monarch your home base for money clarity. Simplify your finances by bringing all your accounts into one easy view, have confidence in always knowing where your money is and where it's going, and collaborate with your partner or financial professional to track, budget, and reach goals together.
Monarch has been recognized by the Wall Street Journal as the “Best Budgeting App,” by Forbes as the “Best Mint Replacement” and by Motley Fool as the “Best Budgeting App for Couples and Families.”
Getting started is simple. Connect your accounts and Monarch will auto-categorize your finances, giving you actionable insights in minutes. Customize your dashboard to give you the information you need at a glance, including your net worth, recent transactions, how you’re tracking toward your budget, investment performance, and upcoming expenses.
Monarch makes it easy to take steps today to build toward your long term plans, all in one simple and collaborative financial tool.
Track
- Connect your accounts and see everything in one place so you can get a clear view of how your money is moving and track progress on your net worth.
- Always know what’s around the corner with subscriptions and bills tracked in one easy calendar or list view and notifications so you don’t miss a payment.
- Keep an eye on subscriptions so you can cancel what you no longer need.
- Sync with your credit cards and loans and Monarch will provide statement balances and minimum payment due.
- Search for any transaction, across all of your accounts - no shuffling between apps to find charges or refunds.
- View and customize reports for quick insights on your spending across groups and categories and trends over time.
Budget
- Monarch offers two ways to budget - Flex Budgeting or Category Budgeting - so you can choose to have the structure or flexibility you need and make budgeting feel easy.
- Get a quick view of your budget progress with visual progress bars and a dashboard widget.
- Customize your groups and categories, emojis, and your notifications to keep you on track.
Collaborate
- Add your partner or other household members and team up on your finances, whether you choose to have joint bank accounts or not. All at no extra cost.
- Invite your advisor, financial coach, tax professional or estate planning attorney so they can give you accurate advice with little effort required of you.
Plan
- Create and track progress toward your medium and long term goals.
- Set up contributions toward your goals within your monthly budget, and watch your savings compound over time.
A Membership With You in Mind
Our focus is on building a product that can transform your relationship to money, bringing clarity and confidence to your financial life. As a Monarch member, you’ll get access to all the new features we build and have the opportunity to vote on and provide feedback for new features on our roadmap. We build with the feedback from our community in mind.
No Ads
Monarch is not supported by advertisers and is designed with the sole purpose of making it easy and intuitive for you to manage your finances. That means we will never interrupt your experience with ads or try to sell you another financial product you don’t need.
Private and Secure
Monarch uses bank-level security, and we never store any of your financial credentials. Our platform is read-only, so there is no risk of your money moving. We take your privacy seriously and will never sell your personal or financial information to third parties.
MEMBERSHIP DETAILS
Monarch is free to try for 7 days. After your trial period, a membership fee will be billed either monthly or annually, depending on which plan you select.
Privacy Policy: https://www.monarchmoney.com/privacy
Terms of Use: https://www.monarchmoney.com/terms
Monarch has been recognized by the Wall Street Journal as the “Best Budgeting App,” by Forbes as the “Best Mint Replacement” and by Motley Fool as the “Best Budgeting App for Couples and Families.”
Getting started is simple. Connect your accounts and Monarch will auto-categorize your finances, giving you actionable insights in minutes. Customize your dashboard to give you the information you need at a glance, including your net worth, recent transactions, how you’re tracking toward your budget, investment performance, and upcoming expenses.
Monarch makes it easy to take steps today to build toward your long term plans, all in one simple and collaborative financial tool.
Track
- Connect your accounts and see everything in one place so you can get a clear view of how your money is moving and track progress on your net worth.
- Always know what’s around the corner with subscriptions and bills tracked in one easy calendar or list view and notifications so you don’t miss a payment.
- Keep an eye on subscriptions so you can cancel what you no longer need.
- Sync with your credit cards and loans and Monarch will provide statement balances and minimum payment due.
- Search for any transaction, across all of your accounts - no shuffling between apps to find charges or refunds.
- View and customize reports for quick insights on your spending across groups and categories and trends over time.
Budget
- Monarch offers two ways to budget - Flex Budgeting or Category Budgeting - so you can choose to have the structure or flexibility you need and make budgeting feel easy.
- Get a quick view of your budget progress with visual progress bars and a dashboard widget.
- Customize your groups and categories, emojis, and your notifications to keep you on track.
Collaborate
- Add your partner or other household members and team up on your finances, whether you choose to have joint bank accounts or not. All at no extra cost.
- Invite your advisor, financial coach, tax professional or estate planning attorney so they can give you accurate advice with little effort required of you.
Plan
- Create and track progress toward your medium and long term goals.
- Set up contributions toward your goals within your monthly budget, and watch your savings compound over time.
A Membership With You in Mind
Our focus is on building a product that can transform your relationship to money, bringing clarity and confidence to your financial life. As a Monarch member, you’ll get access to all the new features we build and have the opportunity to vote on and provide feedback for new features on our roadmap. We build with the feedback from our community in mind.
No Ads
Monarch is not supported by advertisers and is designed with the sole purpose of making it easy and intuitive for you to manage your finances. That means we will never interrupt your experience with ads or try to sell you another financial product you don’t need.
Private and Secure
Monarch uses bank-level security, and we never store any of your financial credentials. Our platform is read-only, so there is no risk of your money moving. We take your privacy seriously and will never sell your personal or financial information to third parties.
MEMBERSHIP DETAILS
Monarch is free to try for 7 days. After your trial period, a membership fee will be billed either monthly or annually, depending on which plan you select.
Privacy Policy: https://www.monarchmoney.com/privacy
Terms of Use: https://www.monarchmoney.com/terms
Expert Review & Analysis
## Monarch: Budget & Track Money - A Comprehensive Review
Monarch is a personal finance management app designed to simplify budgeting, tracking expenses, and collaborating on financial goals. Its primary purpose is to provide a centralized, user-friendly platform for managing all aspects of personal finances, from daily transactions to long-term planning. The app aims to foster financial clarity and confidence through intuitive design and powerful features.
1. What the App Does:
Monarch consolidates all your financial accounts (bank accounts, credit cards, loans, investments) into a single dashboard, providing a holistic view of your financial health. It automates transaction categorization, tracks spending, facilitates budgeting (offering both flexible and category-based options), and allows for collaborative financial management with partners or financial professionals. The app also helps users track subscriptions, upcoming bills, and progress towards financial goals.
2. Key Features:
Monarch's strengths lie in its comprehensive feature set and user-friendly interface. Key advantages include:
* Account Aggregation: Connects to various financial institutions, eliminating the need to check multiple apps.
* Automated Categorization: Saves users time by automatically categorizing transactions.
* Flexible Budgeting: Offers both flexible and category-based budgeting methods to cater to different preferences.
* Collaboration Features: Allows for seamless collaboration with partners, advisors, or family members.
* Goal Setting & Tracking: Provides tools to set and monitor progress towards medium and long-term financial goals.
* Subscription Management: Helps users identify and manage recurring subscriptions.
* Robust Reporting: Offers customizable reports to visualize spending patterns and financial trends.
* Security & Privacy: Emphasizes bank-level security and a read-only platform to protect user data.
* No Ads: Provides an uninterrupted user experience free from intrusive advertisements.
3. Use Cases:
Monarch is useful for a wide range of individuals and families seeking to improve their financial management:
* Individuals: For those wanting a simple yet powerful tool to track spending, create a budget, and monitor their net worth.
* Couples/Families: For joint financial management, allowing partners to collaborate on budgeting, saving, and goal-setting.
* Financial Professionals: For advisors who need a streamlined way to access and analyze client financial data.
4. Target Audience:
The app is suitable for individuals and families of all financial backgrounds and levels of financial literacy, from those just starting to manage their finances to those seeking a more advanced budgeting and planning solution. Its intuitive design makes it accessible to beginners, while its comprehensive features cater to more experienced users.
5. Overall Assessment:
Monarch receives high praise (4.9/5 rating) and accolades from reputable financial publications, suggesting a high level of user satisfaction. Its comprehensive features, user-friendly interface, and focus on security and privacy make it a strong contender in the personal finance app market. While the subscription model might be a barrier for some, the absence of ads and the collaborative features significantly enhance its value proposition. The 7-day free trial allows users to explore its functionality before committing to a paid membership. Overall, Monarch is a well-designed and effective tool for those seeking to gain control of their finances and achieve their financial goals.
Monarch is a personal finance management app designed to simplify budgeting, tracking expenses, and collaborating on financial goals. Its primary purpose is to provide a centralized, user-friendly platform for managing all aspects of personal finances, from daily transactions to long-term planning. The app aims to foster financial clarity and confidence through intuitive design and powerful features.
1. What the App Does:
Monarch consolidates all your financial accounts (bank accounts, credit cards, loans, investments) into a single dashboard, providing a holistic view of your financial health. It automates transaction categorization, tracks spending, facilitates budgeting (offering both flexible and category-based options), and allows for collaborative financial management with partners or financial professionals. The app also helps users track subscriptions, upcoming bills, and progress towards financial goals.
2. Key Features:
Monarch's strengths lie in its comprehensive feature set and user-friendly interface. Key advantages include:
* Account Aggregation: Connects to various financial institutions, eliminating the need to check multiple apps.
* Automated Categorization: Saves users time by automatically categorizing transactions.
* Flexible Budgeting: Offers both flexible and category-based budgeting methods to cater to different preferences.
* Collaboration Features: Allows for seamless collaboration with partners, advisors, or family members.
* Goal Setting & Tracking: Provides tools to set and monitor progress towards medium and long-term financial goals.
* Subscription Management: Helps users identify and manage recurring subscriptions.
* Robust Reporting: Offers customizable reports to visualize spending patterns and financial trends.
* Security & Privacy: Emphasizes bank-level security and a read-only platform to protect user data.
* No Ads: Provides an uninterrupted user experience free from intrusive advertisements.
3. Use Cases:
Monarch is useful for a wide range of individuals and families seeking to improve their financial management:
* Individuals: For those wanting a simple yet powerful tool to track spending, create a budget, and monitor their net worth.
* Couples/Families: For joint financial management, allowing partners to collaborate on budgeting, saving, and goal-setting.
* Financial Professionals: For advisors who need a streamlined way to access and analyze client financial data.
4. Target Audience:
The app is suitable for individuals and families of all financial backgrounds and levels of financial literacy, from those just starting to manage their finances to those seeking a more advanced budgeting and planning solution. Its intuitive design makes it accessible to beginners, while its comprehensive features cater to more experienced users.
5. Overall Assessment:
Monarch receives high praise (4.9/5 rating) and accolades from reputable financial publications, suggesting a high level of user satisfaction. Its comprehensive features, user-friendly interface, and focus on security and privacy make it a strong contender in the personal finance app market. While the subscription model might be a barrier for some, the absence of ads and the collaborative features significantly enhance its value proposition. The 7-day free trial allows users to explore its functionality before committing to a paid membership. Overall, Monarch is a well-designed and effective tool for those seeking to gain control of their finances and achieve their financial goals.
Screenshots
App Information
Updated
2020-11-18
Content Rating
4+
Contains Ads
No
Developer
Monarch Money, Inc.
Price
$0.00
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