What is Monarch?
Monarch is a personal finance app that connects all your financial accounts into one view so you can track spending, build budgets, and plan toward savings goals. It pulls in bank accounts, credit cards, loans, investments, and real estate to give you a complete picture of your net worth and daily cash flow. The app uses AI to categorize transactions automatically, detects recurring subscriptions, and generates customizable reports on income and spending patterns. Monarch syncs with over 13,000 financial institutions across multiple data providers. It supports collaboration with a partner or financial advisor at no extra cost. The app is available on web, iOS, and Android.
Features & Benefits
- Account Aggregation: connect bank accounts, credit cards, loans, investments, and real estate to see your full financial picture in one place. Net worth updates automatically as balances change.
- Transaction Tracking: search and review all transactions across every connected account in a single list. AI categorizes each transaction so your personal finance app data stays organized without manual sorting.
- Budgeting: choose between Flex Budgeting, which focuses on one flexible spending number, or Category Budgeting, which sets limits by spending group. Both methods support rollover handling for irregular expenses.
- Spending Forecasting: project spending into future months and plan for non-monthly or irregular expenses alongside your regular budget.
- Recurring Bills and Subscriptions: detect bills and subscriptions automatically, view them as a calendar or list, and get payment reminders to manage cash flow and spot unwanted charges.
- Investment Tracking: monitor individual stocks, mutual funds, 401(k)s, ETFs, crypto, and more. View allocation, identify top movers, and assess risk profile across your full portfolio.
- Savings Goals: create goals with a target amount and monthly contribution, assign specific accounts to each goal, and track progress against your personal finance plan over time.
- Reports and Charts: generate customizable spending, income, and net worth reports including Sankey diagrams. Filter by category, time frame, or account for granular insight.
- Net Worth Tracking: track assets and liabilities over time, including real estate values synced from Zillow Zestimates, to monitor total net worth growth.
- Customizable Dashboard: drag and drop widgets to surface the data most relevant to you, including net worth, recent transactions, and investment performance.
- Collaboration: invite a partner or financial advisor to share access to your finances. Both parties see the same data and can work on budgets and goals together.
- Multi-Provider Sync: connect to over 13,000 financial institutions using multiple data providers for reliable, consistent account syncing.
What can Monarch do?
- Track spending across all bank accounts and credit cards
- Monitor net worth over time
- Create a monthly budget by category
- Track investment portfolio performance
- Detect and manage recurring subscriptions
- Set and track savings goals
- Forecast future spending and cash flow
- Generate income and spending reports
- Review and categorize transactions
- Track real estate value alongside financial accounts
- Share finances with a partner or financial advisor
- View all bills on a payment calendar
Real-World Applications
Someone managing money across several accounts, including checking, savings, credit cards, and a 401(k), can use Monarch as a personal finance app to see everything in one place. The dashboard pulls all balances together and updates automatically, so there’s no need to log into multiple bank sites to check where things stand. Spending reports can show exactly where money went each month, down to category level, which makes it easier to spot patterns and adjust behavior.
Couples who share expenses may find the personal finance app particularly useful for staying aligned on budgets and goals. Both partners can connect their accounts and get a joint view of income, spending, and net worth. Working toward a shared savings goal like a home purchase or vacation becomes easier when both people can see progress and contributions in real time.
Freelancers and people with irregular income may benefit from the forecasting and flex budgeting tools the personal finance app provides. Flex Budgeting separates fixed costs from variable spending, which helps when monthly income fluctuates. Rollover budgets can absorb irregular expenses like annual insurance payments without throwing off the whole month.
Anyone carrying multiple subscriptions can use Monarch’s recurring detection to surface what they’re actually paying for. The personal finance app automatically identifies streaming services, memberships, and other recurring charges and presents them in a calendar view. This gives a clear picture of committed monthly spend and makes it easy to cancel what’s no longer needed.
