EN
Monarch Money is a premium personal finance app that aims to help users budget, track spending, manage investments, and collaborate on finances with partners. Available on web, iOS, and Android platforms, it stands out by not selling user data or displaying ads. This app serves as a modern alternative to traditional budgeting tools like Mint or YNAB, offering a cleaner user interface and enhanced customization options.
Monarch Money boasts several standout features that make it appealing in 2025. Firstly, it offers a clean and customizable dashboard, allowing users to create a personalized view with widgets that reflect their financial priorities, such as budgets, cash flow, investments, and goals. Additionally, the app facilitates shared access, making it easy for couples or financial advisors to manage finances collaboratively with tailored permissions. Another significant advantage is its strong investment tracking capabilities, providing detailed insights into investment performance across various accounts. Furthermore, users can enjoy an ad-free experience, as the app does not sell personal financial information, and it features solid bank syncing with most major banks and credit cards.
Despite its many advantages, Monarch Money does have some drawbacks. One notable downside is the absence of a free plan; users must pay $14.99 per month or $99 per year after a 7-day free trial. Additionally, while the app's automatic transaction categorization is generally reliable, it may require occasional manual adjustments. Monarch Money also lacks a bill pay feature, making it unsuitable for users seeking comprehensive banking tools. Lastly, while it provides basic reporting options, those needing advanced custom reports or tax tools may find it necessary to export data for further analysis.
Monarch Money is particularly well-suited for individuals seeking an ad-free, customizable, and visually appealing finance app. It is especially beneficial for couples or households managing finances together, as well as those who want to track investments without the complexity of spreadsheets. However, users looking for a free tool or advanced forecasting and bill pay features may find that Monarch does not meet all their needs.
In 2025, Monarch Money emerges as a top-tier budgeting tool for individuals serious about wealth management rather than just expense tracking. While it may not be the most affordable option, it prioritizes user privacy and delivers a modern, streamlined experience. Overall, Monarch Money is a compelling choice for those ready to take control of their finances.
Q: What is Monarch Money?
A: Monarch Money is a premium personal finance app designed to help users budget, track spending, manage investments, and collaborate on finances with partners, available on web, iOS, and Android platforms.
Q: What are the key features of Monarch Money?
A: Monarch Money offers a customizable dashboard, shared access for couples or financial advisors, strong investment tracking capabilities, an ad-free experience, and solid bank syncing with most major banks and credit cards.
Q: What are the drawbacks of using Monarch Money?
A: Monarch Money does not offer a free plan, requires occasional manual adjustments for transaction categorization, lacks a bill pay feature, and has basic reporting options that may necessitate data export for advanced analysis.
Q: Who should consider using Monarch Money?
A: Monarch Money is ideal for individuals seeking an ad-free, customizable finance app, particularly couples or households managing finances together, and those wanting to track investments without complex spreadsheets.
Q: Is Monarch Money worth the cost?
A: While it may not be the most affordable option, Monarch Money prioritizes user privacy and provides a modern, streamlined experience, making it a compelling choice for those serious about wealth management.