Monarch: Budget & Track Money
Can I create custom budget categories in Monarch?
Yes, you can create highly specific categories like 'Dog Stuff' or 'Vacation Fund' that aren't limited to presets. This lets you track exactly what matters to you, making your budget feel personal and relevant.
Does Monarch show my net worth in real time?
Absolutely. When you link investment accounts, checking, and credit cards, Monarch calculates your net worth instantly and displays it on the main dashboard. Watching that chart trend upward is a powerful motivator.
What should I do if one of my banks won't connect to Monarch?
First, double-check your login credentials and try re-linking the account. If it still fails, reach out to Monarch support—they're responsive and often can resolve connection issues with smaller credit unions within a few days.
Can I use Monarch with my spouse to manage shared finances?
Yes, Monarch has a collaboration feature that lets both you and your partner log in, see the same budget, and tag transactions for discussion. This ends those 'where did the money go?' arguments and keeps you on the same page.
How does Monarch compare to Mint for daily budgeting?
While Mint is great for a broad overview, Monarch offers deeper customization like goal tracking with photos and real-time net worth updates. Monarch feels more like an active command center, whereas Mint is more of a passive tracker.
