Overview
Monarch Money is a subscription-based personal finance platform designed to consolidate financial accounts into a unified view. It connects to over 13,000 financial institutions, automatically categorizing transactions for comprehensive tracking and budgeting. Key features include net worth calculation, cash flow visualization, customizable reporting, and goal setting. The platform supports collaboration by allowing users to invite partners or financial advisors for joint financial planning. Recurring subscriptions are automatically detected to help users control monthly spending. Monarch Money is accessible via web, iOS, and Android, ensuring seamless synchronization across devices. It differentiates itself by prioritizing user data privacy and avoiding ad-based revenue models, ensuring features are driven by user needs.