Overview
Monarch is a personal finance and budgeting app that helps users manage all their finances in one place. It allows you to track account balances, transactions, and investments while providing powerful tools to build custom budgets, analyze spending, and set financial goals. With secure collaboration options, you can share your financial data with partners or advisors. Monarch is available on web, iOS, and Android.
Features & Benefits
- AI-powered transaction organization: Monarch uses artificial intelligence to clean and organize your transactions automatically. The AI gets smarter over time, improving the accuracy of categorizing and tagging, so you spend less time manually managing your expenses.
- Sync all accounts: Securely connect and monitor all your bank accounts, credit cards, loans, real estate, and investments. Your financial data is always updated automatically.
- Net worth tracking: Track your net worth over time with real-time syncing, including property values through Zillow and manual tracking of assets like collectibles.
- Flexible budgeting: Create fully customizable budgets with unique categories, monthly or annual options, and automatic rollovers. Set financial goals and monitor progress with automated notifications.
- Spending analysis: Visualize where your money is going with custom charts, including the AI-powered Sankey diagram. The app helps you see spending patterns, track your savings rate, and spot unwanted subscriptions.
- Investment portfolio management: Sync all your investment accounts, track performance, compare to benchmarks, and adjust your portfolio based on detailed allocation insights.
- Goal setting: Set financial goals and track progress automatically by assigning accounts to each goal. Monarch helps you stay on course even if financial circumstances change.
- Collaboration: Securely share financial data with a partner or advisor without sharing passwords. Each collaborator has their own login for easy access and full transparency.
Monarch Platforms
Web, iOS, Android
Monarch Tasks
- Track account balances and transactions
- Use AI to automatically categorize transactions
- Monitor net worth over time
- Create custom budgets and track progress
- Analyze spending patterns with AI-generated insights
- Sync and manage investment portfolios
- Set and track financial goals
- Collaborate with partners or financial advisors
Monarch Integrations
- Zillow: Automatically track real estate property values
- Coinbase: Sync cryptocurrency holdings
- Venmo: Sync transactions for tracking spending
- CSV export: Export transaction data for further analysis
Real-world Applications
Monarch’s AI-powered transaction features are particularly useful for those who want a budgeting app that minimizes manual effort. For example, a busy family with multiple accounts and bills can rely on Monarch’s AI to automatically categorize and tag transactions, ensuring their custom budget stays on track.
Investors will also appreciate how Monarch aggregates investment accounts and provides detailed performance insights. A person planning for retirement can sync their holdings from multiple brokers, visualize their portfolio’s progress, and adjust investment strategies based on the app’s analysis.
For those focused on budgeting, Monarch’s customizable budgets and AI-driven spending analysis provide a clear view of monthly and annual spending, helping users stay financially healthy.
If you and your partner need a way to collaborate on financial decisions, Monarch’s secure multi-user access allows both of you to stay aligned on goals without worrying about sharing sensitive login details. Plus, if you love data, the custom charts will keep your financial insights organized and accessible.
Who is Monarch for
- Families
- Couples
- Investors
- Homeowners
- Budget-conscious individuals
- Frequent spenders tracking subscriptions
Pricing & Discount
Plan | Cost | Features |
---|---|---|
Monarch | $14.99/month | Unlimited accounts, AI-driven transaction rules, custom budgets, investment tracking, subscription tracking, Coinbase, Venmo, Zillow support, and more |
Monarch Free Version
Not available ❌
Limitations
- No free version: Monarch only offers a paid subscription without a free version.
- Limited international bank support: Currently, the app supports U.S.-based financial institutions primarily.
- Advanced retirement tools not yet available: Though planned, advanced retirement planning features are not live yet.
Concerns
- Cost: The monthly subscription may seem high compared to free budgeting apps.
- Learning curve: With many features, especially around AI and customization, users may need time to fully grasp the app’s full potential.
- Bank compatibility: Non-U.S. users might struggle with connecting their local financial institutions.
Potential Future Developments
Monarch could expand its AI-driven features to include predictive budgeting tools that suggest adjustments based on spending patterns or introduce more advanced financial goal forecasting tools. Increasing international bank support would also help more users access the app globally.
Manage your money with confidence using Monarch, the budgeting app that provides detailed insights into your spending and investments while offering AI-powered transaction organization for easier financial planning.