Monarch Money

What is Monarch Money?

Monarch Money is a subscription-based budgeting and net-worth tracking application. The app’s documentation describes it as a tool designed for individuals and couples who want to manage spending, track investments, and monitor overall financial health in one place. It gained visibility as a popular replacement for Mint after that service shut down. Monarch Money connects to bank accounts, credit cards, investment accounts, and loans to pull transaction data automatically. Users can set budgets, categorize transactions, and see net worth over time. The app supports shared accounts for partners, letting both people see the same financial picture. Monarch Money is available on iOS, Android, and the web.

Who is Monarch Money for?

According to the app’s website, Monarch Money primarily targets people who want a more intentional approach to personal finance than automated tracking alone provides. It is explicitly marketed toward couples who need to manage joint finances together. The shared dashboard and goal-tracking features make it suitable for partners who want to cooperate on budgets and savings targets. Individual users who prefer a proactive budgeting style—rather than just passive net-worth monitoring—are also part of the intended audience. The app’s documentation positions it as a middle ground between simple expense trackers and full-featured financial planning software. It is not aimed at business or investment professionals; it is a consumer tool for household finances.

How much does Monarch Money cost?

The pricing page lists Monarch Money as a paid subscription starting at $15 per month. No free tier is mentioned in the publicly available pricing information. The subscription includes access to all features: unlimited accounts, budgets, goals, and reports. There is no mention of a limited free version or a trial period in the data provided. The app does not advertise any additional transaction fees or hidden charges beyond the subscription cost. Because the fee structure beyond the starting price has not been independently verified, users should check current pricing on the Monarch Money website before subscribing.