Monarch Money
Monarch
The modern way to manage your money together
Quick Answer
Monarch Money is a comprehensive AI personal finance platform for individuals and couples. It tracks spending, budgets, investments, and net worth across all accounts with collaborative features for shared finances. Available on web, iOS, and Android.
What It Does
Monarch connects to bank, credit card, investment, and loan accounts to track all finances in one place. It categorizes transactions automatically, supports flexible budgeting approaches, tracks net worth over time, monitors investment performance, and includes an AI chat assistant for asking questions about your financial data. Collaborative features allow couples or family members to access shared finances.
What It Cannot Do
Monarch cannot execute transactions or move money. It does not provide investment management or financial advice. It does not offer cash advances or credit building. The AI assistant is limited to questions about data within the app.
Who Is It For
Individuals, couples, and households wanting a comprehensive financial overview across all accounts. Particularly strong for couples managing finances together and former Mint users seeking a replacement.
About Monarch Money
Monarch Money launched as one of the top alternatives after Mint shut down in 2024, attracting millions of former Mint users. It connects to thousands of financial institutions, automatically categorizes transactions, and provides comprehensive financial tracking across budgets, investments, and net worth. Monarch is particularly strong for couples and households managing finances together, with collaborative features that allow multiple users to view and manage shared finances. Its AI assistant can answer questions about spending patterns, budget performance, and financial goals in natural language.
Pricing and Access
No permanent free tier. 7-day free trial available. Annual plan saves approximately 44 percent.
Platforms
How AI Works
LLM PoweredFounded
2019
Headquarters
San Francisco, USA