Reviews for Monarch: Budget & Track Money

I really like this app! I can see my budget and compare it to my actual transactions. I also like how I can check expenses off of my list. However, I do have a few suggestions to make this app better: - Add cash accounts to liability goals. I want to track how much I'm paying towards a loan, including interest. - More efficient automation. I've created more than one rules for one type of transaction, and can't keep track of all rules for one merchant. - I want to track my cash on hand.

Not with paying for in my opinion. Constant issues with connectivity to other services. And at times the app shows ridiculously incorrect amounts in your accounts. It's a cool product and has many nice features, but it's not worth the money due to the repetitive issues. If it was free, sure, you get what you pay for. But I'm not paying to troubleshoot connectivity issues and wonder why I'm being shown incorrect information.

Biggest beef: Intentionally deceptive subscription options! Monthly sub isn't even an option in the app, but it is if you go to the website. However, the new LLM AI integration for analyzing cryptic statement entries is awesome (though I definitely need to read their privacy policy now!) Overall the current best app for personal finance, but DEFINITELY shop for a coupon. 50% off is not uncommon.

Made the mistake of wasting money on a yearly subscription. App constantly disconnects from accounts across multiple institutions, have to log in and reconnect multiple times a month. Transactions are messy and the app can't seem to figure out how to handle interest/gains in a cash account or cash transfers in an investment account. Been looking for a Mint replacement, this isn't it

I really like Monarch but on two separate occasions I've discovered numerous missing transactions. Deleting and relinking the accounts fixed the issues temporarily, but that's a deal breaker for me. I haven't had that issue with another (significantly less expensive) app. Even if it means I'll have slightly less granularity in certain aspects of that other app as compared to Monarch, at least I'll have all transactions imported properly.

Monarch makes it very easy to see all your accounts in one place. I've never had such a complete picture of my finances. Automating things like pulling real estate values from Zillow or estimating vehicle value based on VIN is super convenient and of course you get to track that data over time. it could probably use a better tutorial to teach you how to deal with some common items like categorizing transactions for debt payments where you are tracking both accounts.

If you like micro-managing your finances, this app is the way to go. If you prefer a very simple money managing experience, this might not be your cup of tea. It has many ways of looking at your money and budget to get a complete sense of your finances, including multiple budget formats, a net worth calculator, and a goal tracker. All of these things are better than previous apps I've used. The downside to so many features is that the initial setup is very daunting.

Mostly good. There's an annoying bug with the app (web and phone) where it will attempt to auto name some transactions, but the logic behind this is buggy, especially when using another service like Google Pay. The app will label it "Google Pay" automatically and obscure the actual merchant and often will misscategorize it as well. Frustrating to have to go line by line to fix these issues.

A feature I would like to see implemented is something that will help you dial in your budget by looking at your expenses over the past year and showing you what you spent monthly, on average, in each category. Maybe even intelligently recommend changes to be made to the budget. Best budgeting/financial tracking app I've used so far. Annual cost is pretty high, though.

I never could get started with apps like this in the past, and wound up just keeping my own spreadsheets with manually created formulas and tables and stuff. Two days after starting the free trial in this app, I had transferred 100% of the useful info from that plus quite a few new things like categories, plus had it set up to get live updates from most accounts so that I don't have to enter transactions and "balance the books" on my own anymore. Has been phenomenal and effortless.

Most accounts require MFA these days, and monarch takes several minutes to connect to each of these accounts. Not only that, but you are required to re-login every few days to maintain the connection. I don't have that much life, so I canceled during my trial and deleted the app. Time to find something else. other than that it seemed like a great app.

this is quite a terrible app. it does a poor job of syncing up to our accounts. it'll say its added your accounts but the accounts dont say up anywhere. it also cannot add certain types of investment accounts let alone sync them. if you and your spouse have your own separate and are trying to manage finances together this is definitely not the app for you.

all my Chase accounts have lost connection for the last 22 days. I have emailed support several times and no one will get back to me. this has rendered the program useless to me. it always loses connection, but now it literally will not let me reconnect and if I am going to have to spend hours redoing everything, I will be redoing it on a different service. I have been using for a couple of years. they should not be charging for an app that you can't rely on.

STILL TERRIBLE. NOT worth paying. Constant GLITCHES, loses connections and instead of fixing them, you are forced to delete everything you did and reconnect the account. No big deal to them because you are expected to manually create rules. Support is terribly slow and useless. Every existing retail could be added data in minutes so it would know that Michael's is shopping and categorize it properly, but they don't. We are currently paying while teaching a bad program basic data. Never again.

Not a good enough replacement for Mint. Creating a budget is overly complicated, I'd rather just creat custom categories than have to disable a ton that I don't need. I can't budget by pay period so I end up using a spreadsheet anyway, which defeats the purpose of the app. Its even more annoying when you have to reconcile venmo transfers with your budget categories. I regret paying for the annual version even with a coupon code. Only helpful for tracking transactions, not worth the money.

It's been over a year since I started using the Monarch app! I love most of the features by now, especially the one that shows me each transaction and asks for my review. I've caught so many unknown transactions, mostly because I forgot to cancel subscriptions, but it also tells me what's coming next so I can close or cancel or be prepared for it. I've saved a few bucks for sure by using this, worth the premium or subscription!

The app worked great during the free trial—smooth setup and seamless tracking of my wife’s and my spending. After paying for the yearly membership, though, my accounts stopped updating. I had to delete and relink them, but even then, they show as “healthy” while not updating (last refresh was two days ago). It could be an issue on my end, which is why I left 3 stars. If it works like it did during the trial, I’d gladly update to 5.

If I knew in August, when I decided to try this app, what I know now, I would not have allowed a subscription to go through. A one week free trial is not long enough to learn that this app is subpar and a major hassle. I have nothing but problems with connecting accounts and it staying up to date. The online version is a better display than on a phone screen. But if it is not going to help me track my numbers consistently, then why bother? What a waste of money.

Literally can't even check it out without hitting a pay wall. As others have said, you can't do anything until you create an account, and fork over your credit card info. Yea there's a "free trial" but payment info is still required because they know most people forget to cancel. It's also $100 a year /$15 a month. Which is probably the most expensive budget app out there. Find something else.

If your thinking about using this app but uncertain I would say try to find info online. The first thing you see when you open up is a required login. The second thing, is a pay wall. Then the third thing, is the main UI with a blocking popup saying connect credit cards. You are not allowed to interact with anything until you've fully committed to it. I downloaded the app with the intention of seeing what the features/UI are like before connecting my many banks. But apparently its not allowed.