If you’re on the hunt for a new financial tool due to the closure of the Mint personal finance app, you might want to consider Monarch Money. It’s an all-encompassing platform designed to demystify and streamline financial management.

In my review of Monarch Money, I dive into what makes this platform unique compared to other personal finance apps, covering its user-friendly features, security measures, pricing details, and notably, the Monarch Money free trial. Keep reading as I cover all the must know topics so you can determine if Monarch Money is right for you.

Learn More About Monarch Money

Monarch Money Free Trial

In summer 2023, Monarch Money removed its free membership option. Despite this, there is still a 7 day Monarch Money free trial to give you a taste of what they have to offer, with the option to continue with monthly or yearly payments.

When it comes to costs, Monarch Money keeps it simple. You can go for the monthly plan at $14.99 or save by choosing the yearly plan at $99.99, which works out to $8.33 a month.

With either plan, you’ll get features like endless bank connections, a way to keep an eye on your credit score, and deep dives into how you spend your money, all aimed at helping you get a handle on your finances.

Monarch Money Origin Story

Monarch Money came from the entrepreneurial spirit of Val Agostino, a veteran in financial technology who personally faced challenges in managing finances. Agostino set out with a clear mission: to devise a platform that demystifies financial management, empowering individuals to effectively oversee their budgets, monitor their financial growth, and make savvy money decisions.

The roots of Monarch Money are planted in Silicon Valley, shaped by a team of co-founders and software engineers who started crafting the technology back in 2018. However, it wasn’t until the close of 2020 that the product made its public debut, marking the realization of Agostino’s vision and the beginning of Monarch Money’s journey in assisting users with their financial management.

Monarch Money Features

So now that I have covered the Monarch Money free trial is discontinued and the pricing, I will get into the details of the features. Here are the benefits members should expect:

• Wide Bank Integration: Syncs effortlessly with over 11,000 financial institutions, ensuring all your financial activities are tracked.
• Joint Financial Management: Allows partners to collaboratively manage their finances, promoting teamwork on money matters.
• Investment Tracking: Provides comprehensive investment insights, showing how your assets perform and diversify.
• Customizable Visuals: Users can tailor financial charts and graphs to better grasp their financial status.
• Advanced Budgeting Tools: Comes equipped with sophisticated budgeting features, like custom spending categories and alerts.
• High-Level Security: Adopts bank-level security protocols to keep your personal and financial data safe.
• Ad-Free Experience: Monarch Money guarantees an uninterrupted, ad-free environment, allowing users to manage their finances without the typical online distractions.
• Comprehensive Account Syncing: Grants a consolidated view of all financial accounts including bank accounts, credit cards, and investment portfolios.
• Goal Setting and Tracking: Facilitates setting and monitoring financial goals, with actionable insights to remain aligned with objectives.
• Customizable Budgeting and Reporting: Enhances understanding of spending habits through personalized budgeting tools and detailed financial reports.

Monarch Money Shortcomings

Overall, feedback on Monarch Money is positive, but there are some potential shortcomings I must address. While Monarch Money offers an extensive array of features, newcomers to financial management apps might find there’s a bit of a learning curve. It’s packed with options that, while useful, can be a lot to take in at first.

Also, it might not be the perfect match for those who prefer a more hands-off, simpler approach to budgeting. The last point that should be mentioned is that a few users have noted occasional hiccups with bank account syncing, experiencing challenges in maintaining a stable connection.

Final Thoughts

In your search for a comprehensive financial management tool, especially after Mint’s closure, Monarch Money deserves your attention. Born from Val Agostino’s vision to simplify financial tracking, this platform stands out for its approachability, robust security, and a straightforward pricing model.

Although the free version has been phased out, the 7-day trial provides a good preview, with subsequent options for monthly or annual subscriptions.

Monarch Money’s array of features, from wide bank integration to advanced budgeting tools, aims to provide a thorough overview of your finances. Whether it’s keeping tabs on investments or collaborating on financial decisions with a partner, Monarch Money addresses a wide spectrum of financial needs.

Developed with the modern user in mind, Monarch Money combines Silicon Valley innovation with real-world practicality. If you’re ready to take control of your financial life with a tool designed for clarity and convenience, Click Here to explore what Monarch Money can offer you.

Get Started With Monarch Money