Monarch: Budget & Track Money

Monarch: Budget & Track Money

By Monarch Money, Inc.

  • Category: Finance
  • Release Date: 2020-11-18
  • Current Version: 2.0.30
  • Adult Rating: 4+
  • File Size: 73.28 MB
  • Developer: Monarch Money, Inc.
  • Compatibility: Android, iOS 14.0
Score: 4.88389
4.88389
From 47,041 Ratings

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

Screenshots

Reviews

  • Good app getting better

    5
    By buttonpresser78
    The addition of recurring payments has been awesome, hopefully they move the new Reports feature from desktop to mobile.
  • Works Well, Connects with Everything

    5
    By SirEdd92
    Have had no problems over the last 2 years of use. Moving to Europe soon though, so we’ll see how it holds up there.
  • Impossible to edit budgets

    2
    By mrmazzer
    Once you do the initial setup to create budgets good luck ever changing them again. There’s absolutely no way through the interface to edit them after they’ve been created. Maddening. You should be able to tap the dots in the upper right to edit budgets from the cash flow /budgets screen but it’s not possible. Horrible oversight on the part of the developers. Update: the problem is dark mode. In dark mode you can’t see there’s a field where you can edit the budget numbers.
  • Reports within App

    3
    By Dasha Carpino
    Please integrate reports in the app. That would be great!
  • Love it

    5
    By SundayFunday15
    I have been lost ever since Mint shutdown. I am able to see all my finances in one place. I tried other services but different ones lacked connections to some institutions. Love the user interface and the graphics. Love being able to add my spouse to the same account for both of us to review our finances. Love the up to date transactions and how they are categorized.
  • Amazing. Except accounts/payments are days or even weeks behind.

    3
    By mikee steinberg
    I’m happy to see where my payments are all going from all my bank accounts, credit cards and brokerage account ALL IN ONE PLACE! It’s truly amazing but it’s not 100% accurate and sometimes my accounts don’t update for days or weeks even though the app says it’s updated and synced with all my accounts. This app really is just a quick extra back up for making sure nothing funky is going on with any of your accounts Which has led to me saving enough money for it to be worth the subscription.
  • As beautiful as it is powerful

    5
    By PaaPaaYaaaaa
    I absolutely love Monarch money. It is an app that I can easily pay my yearly subscription and know that it is money well spent. Highly recommended! Worth a free trial. Quickly proved its value and continues to be worth it after several years.
  • Vast Improvement over Mint

    5
    By ewicatcher
    I used Mint from from 2013 until they ceased supporting the app Initially, when I started using Monarch Money it seemed difficult to change merchant names and to recategorize transactions. I really didn’t use the app very often. Well, I’ve been using it more lately and I can say it is vastly better than the Mint app ever was. I’m enjoying it more and more all the time. Today when I logged in there was notification asking if I wanted to download an Amazon.com extension to auto categorize transactions. This is something that was bothersome to me and frankly just too much trouble to go in and change all my Amazon transactions from ‘Shopping,’ to what they actually are. I’m still playing with this extension, but it’s a huge innovative advance. It would be nice if the app was free, but the benefits are worth the price. I also like the icons for recognized merchants like The Home Depot, Taco Bell, Walgreens etc. My only suggestion for improvement would be to add more default categories with the nice icons that come with them. Although you can add your own categories, the categories that come with the app are fairly limited.
  • Customer Service is Poor

    1
    By Laurenpor
    The app struggles from constant connection loss from banking institutions. Transactions are frequently missed, I constantly have to reconnect accounts, and the app requires a heavy amount of manual input. It is always inaccurate and incorrect. Customer service is a nightmare - I have tried to be fair and communicate directly with agents, requesting a scheduled time to provide feedback. As a developer myself, I would relish an opportunity to speak directly with customers! Instead, the customer service team told me to “cancel my membership.” This app, and their customer service team, was a joke.
  • Horrible sync and no help

    1
    By SarasotaNow
    I have been using for 6 months and it is has been horrible. Accounts stop syncing and when you reconnect, it duplicates some transactions and leave others off. Money aside, this has been such a time sucker trying to get help with this and fix. I give up! Done.

keyboard_arrow_up