Monarch Money Tutorial

Welcome to my tutorial on how to use Monarch Money. If you haven’t signed up for Monarch yet, remember to use promo code ROB50 to get 50% off your first year.

1. Connecting your accounts

Monarch Money uses several account aggregators to connect users’ financial accounts to the app. It’s primary aggregator is Plaid, but it also uses MX and Finicity depending on the financial institution.

Here’s a walkthru on how to connect your accounts:

As promised in the video, here’s my interview of a Plaid representative discussing the security of connecting your accounts to financial apps.

2. Setting up your budget

Budgeting in Monarch is easy and flexible. Monarch gives you several ways to setup your budget, and it only takes a few minutes.

3. Reviewing your transactions

Monarch gives users several key ways to evaluate and categorize transactions:

4. Tracking recurring expenses

Here’s how to track your recurring expenses and subscriptions in Monarch Money:

5. Setting goals

With Monarch you can create and track savings goals, spending goals or a retirement goal:

6. Tracking investments

You can track retirement and non-retirement investments in Monarch:

If you want more robust reporting, check out some of my favorite investment tracking tools.

7. Additional features

In this final video, we’ll walk through some additional features of Monarch Money:

I hope you found this tutorial helpful. If you have any questions or want to reach me, just hit reply on any email you’ve reveived from me.