What is Monarch used for?

Monarch is a personal finance app that tracks accounts, budgets, net worth and goals, and lets partners or advisors share the same view. It is a good fit for couples managing a shared budget, advisors reviewing client finances and tracking net worth over time.

How much does Monarch cost?

Monarch is a paid product with no free plan.

Is Monarch open source?

No. Monarch is proprietary (closed-source) software and can't be self-hosted. Open-source alternatives to Monarch include Sure, Actual Budget and Firefly III.

What are some alternatives to Monarch?

Monarch competes with YNAB, Copilot Money and Quicken. For open-source options, see Enlisted's ranked list of open-source Monarch alternatives.

Monarch: features, pricing and alternatives

About Monarch

Monarch is a subscription personal finance product that brings bank accounts, credit cards, loans, real estate and investments into one view. After accounts are connected, it categorizes transactions automatically so that users can follow cash flow, spending and net worth without manual entry.

The app supports budgeting that can adapt to a user's habits, goal planning for things such as a vacation or home remodel, and collaboration, since partners or financial professionals can be invited to see the same picture at no extra cost. The vendor has pages tailored to couples and to professionals, and offers web and mobile apps.

Monarch is proprietary software delivered as a hosted service. Pricing is shown on the vendor's site, and promotional discounts are sometimes advertised there, so check current plans before signing up. It suits households and advisors who want a modern dashboard for shared finances.

Key features

Account aggregation for banks, cards and loans
Automatic transaction categorization
Net worth and cash flow tracking
Flexible budgeting
Goal planning
Shared access for partners or advisors

Good fit for

→Couples managing a shared budget
→Advisors reviewing client finances
→Tracking net worth over time

Tags: personal-finance; budgeting; net-worth; account-aggregation; goals; couples; money-management

Monarch: questions and answers

What is Monarch used for?: Monarch is a personal finance app that tracks accounts, budgets, net worth and goals, and lets partners or advisors share the same view. It is a good fit for couples managing a shared budget, advisors reviewing client finances and tracking net worth over time.
How much does Monarch cost?: Monarch is a paid product with no free plan.
Is Monarch open source?: No. Monarch is proprietary (closed-source) software and can't be self-hosted. Open-source alternatives to Monarch include Sure, Actual Budget and Firefly III.
What are some alternatives to Monarch?: Monarch competes with YNAB, Copilot Money and Quicken. For open-source options, see Enlisted's ranked list of open-source Monarch alternatives.