Is Monarch money good? (2024)

Is Monarch money good?

Monarch Money is an overall solid option if you prioritize creating monthly budgets and saving for individual savings goals. The main downside of the app is that it doesn't offer a free plan. You'll have to a monthly or annual subscription fee.

Why is Monarch Money so expensive?

Provides better data connectivity.

Personal finance apps are only as useful as their underlying data. Keeping this data up-to-date is a massive and expensive challenge that everyone underestimates. Free services can't invest the same amount in this data quality, leading to stale data and a frustrating user experience.

Is Monarch Money better than mint?

Monarch is better than Mint ever was. Mint would consistently have trouble importing data from several of my accounts. Every month or two, I'd need to reconnect my accounts to Mint. Those same accounts stay linked up in Monarch.

Is it safe to use monarch?

Monarch does not sell your data and we make that very clear in our privacy policy. Privacy was a major reason we started Monarch since many other finance apps make money by selling your data to other companies so they can use it to sell you credit cards, loans or things that make them money.

What are the cons of Monarch Money?

Monarch Money is an overall solid option if you prioritize creating monthly budgets and saving for individual savings goals. The main downside of the app is that it doesn't offer a free plan. You'll have to a monthly or annual subscription fee.

Does Monarch Money sell your data?

At Monarch, we're committed to building the best product to improve your financial life. That means an uncluttered experience with no distracting ads, and we'll never sell your financial data to third parties.

Who is the owner of Monarch Money?

One of these is Monarch Money, a subscription-based money manager app co-founded by Val Agostino, Jon Sutherland and Ozzie Osman, with the goal of helping customers create financial goals and a path to achieve them.

Is monarch better than Simplifi?

Monarch's product empowers users to craft personalized transaction rules, enabling tailored control over their financial activity. Simplifi only allows users to change merchant names and categories of transactions. Invite a partner to your household for a joint view of your finances at no extra cost.

How does Monarch Money work?

To make your spending plan, Monarch relies on the zero-based budgeting technique, meaning it encourages you to plan for every dollar of your monthly income. The app uses your past spending to suggest monthly budget amounts for various spending categories, such as groceries or fitness.

What is the number 1 free budget app?

Why is Mint shutting down?

According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January. On March 23, Mint users will no longer be able to access their account data, which could include over a decade of their spending and financial history.

Why is Mint going away?

Mint recently announced: “Reimagining Mint as part of Intuit Credit Karma will expand our capabilities,” which is them trying to put a positive spin on the fact that they're shutting down their budgeting app capabilities—and Mint budgeters won't be able to access their budgeting accounts or continue budgeting starting ...

How much is Monarch Money per month?

Monarch Money offers a free seven-day trial so you can see if you like it before paying for the app. It's priced at $14.99 per month (which will cost you almost $180 if you stay on the monthly payment plan), or you can pay for a whole year for $99.99 -- definitely the better deal ($8.33 per month).

Is Monarch Money zero based?

Monarch uses the zero-based budgeting technique, allowing you to plan for every dollar you make. Based on your past spending, the app suggests budget amounts for various spending categories, such as restaurants or clothing.

Is Mint financial shutting down?

Mint will go offline March 23, 2024.

But that's far from the only option. Budgeting apps are a great way to get a grip on your finances. Typically, they link to your banking, credit card and investment accounts and can track your purchases and show you how close you are to reaching your savings goals.

Is Credit Karma replacing Mint?

As of 3/23/2024, service for Mint Canada has ended as we have officially moved to Credit Karma. We acknowledge that this is a big change. We recommend that you download your Mint transaction data.

Where is Monarch Money based?

Where are Monarch Money's headquarters? Monarch Money headquarters are at Walnut, California, United States.

Is Empower better than Mint?

A lot of the choice between Empower and Mint is going to come down to personal preference. The tools each provide similar offers, and it isn't clear that one is hands down better than the other. Try out each of them — download the apps and look at the tutorials.

Does Monarch Money have reports?

Explore cash flow, spending, income, and Sankey reports and personalize them with filters. Craft a unique blend of dates, categories, merchants, accounts, or tags to get the exact information you're after. Run separate reports for each user, or take a look at business versus personal expenses.

What data providers does Monarch Money use?

Monarch uses data providers like Plaid, Finicity and MX to make connecting your bank account to our app easy. You can do a lot for each individual account by clicking Edit.

What app pays out real money?

Is Monarch a real company?

Based in San Francisco, CA, Monarch is a rapidly growing reseller of cloud-based business solutions and GPS technology.

How do I cancel my monarch account?

Login to the app. Navigate to the Account tab. Select Delete Account.

How many employees does Monarch Money have?

20 people are employed at Monarch Money.

Which budgeting app is most like Mint?

One of the biggest Mint competitors is You Need a Budget, or YNAB. It can get very specific in your expense tracking and categorization. Most folks love it because of that, as well as its zero-based budgeting method.