Monarch Money is a budgeting and tracking app that puts your accounts, investments and net worth in one place, on the web, iPhone and Android. As listed in October 2026 it costs $14.99 a month or $99.99 a year, with the first week free and no free plan. It suits couples and households who want one shared view and a flexible budget, in the US or Canada. Everything about Monarch below comes from its own website, checked in October 2026.
What Monarch Money costs
Monarch's pricing page lists a monthly subscription at $14.99 and a yearly one at $99.99, under the headline "Your first week is on us". The page lists no free plan. It offers a no-questions-asked money-back guarantee and says you can cancel anytime.
New members can use the code WELCOME for 30% off the yearly Core plan for one year. The page says it can't be combined with other offers and may end at any time.
There's also a higher tier. Monarch's post announcing Monarch Plus lists it at $199 a year, with a 7-day trial. Plus adds a net worth forecast where you can add life events like buying a home or retiring, tools for tracking a side business or rental separately, and deeper investment analysis. That post doesn't list a monthly price for Plus.
Two years of Monarch, worked out
Here's what the listed prices add up to, using our own math.
Paying monthly, a year is $14.99 × 12 = $179.88. Paying yearly, it's $99.99, so the yearly plan saves $79.89.
With the WELCOME code, the first year of yearly Core is 30% off $99.99, which comes to about $70. The code covers one year, so the second year is $99.99 at the listed price. Two years on the yearly plan would come to about $170, against $359.76 for two years paid monthly.
Plus at $199 a year costs $99.01 more than yearly Core. Whether that's worth it depends on whether you'll use the long-range forecast or the business tracking.
Prices change, so check the pricing page before you pay.
What you get
Monarch's home page groups the app into tracking, budgeting, working together and planning. In practice that means:
- your bank, card and investment accounts in one view, with net worth over time
- recurring subscriptions found automatically from your transactions
- goals for saving toward something bigger
- a budget (more on that below)
- sharing with a partner or household
Monarch also has an AI Assistant you can ask about your own money. Its September 2026 product update says the assistant now answers faster, and that you can switch the data provider for a bank without losing your history. The same post lists a rebuild of bill and subscription tracking as coming soon.
For transactions you share, Monarch has Smart Split. Its launch post says you set a rule by merchant, amount, account or category, and Monarch splits matching transactions by a dollar amount or a percentage. It names shared credit cards as one use. The post doesn't mention Splitwise or Venmo.
How budgeting works in Monarch
Monarch's budgeting page offers two styles.
Flex budgeting sorts your spending into fixed, flexible and non-monthly groups, so you mostly watch one number: your flexible spending. Category budgeting gives each category its own limit, which is what most people picture when they think of a budget.
Rollovers carry what's left in a category into the next month. The page suggests using them for bills that don't come every month: divide a yearly or quarterly cost by 12 and set that much aside each month. Say your car insurance is $600 a year. You'd budget $50 a month, the unspent money rolls over, and when the bill arrives the $600 is already there.
The same page mentions monthly and yearly forecasts of your spending, progress bars, category trends, rules that categorize transactions for you and an iPhone budget widget.
Sharing with a partner
Monarch's couples page says it costs nothing to add other members to your household under the same subscription. Partners each get their own login, and everyone in the household has full visibility into all the accounts and transactions in it. The page doesn't give a maximum number of members.
That full visibility is worth thinking about before you invite someone. The page itself suggests being comfortable with it first. If you'd like some accounts kept to yourself, check how that would work before you set up a household.
Monarch Money in Canada
Monarch's Canada page says Monarch is available in Canada and that all prices are billed in US dollars. It suggests using the 7-day free trial to confirm your banks connect reliably. The page doesn't list which Canadian banks are supported, so the trial is the place to find out. Our post on budget apps in Canada covers what else to check.
Is Monarch Money worth it?
At $99.99 a year, Monarch works out to about $8.33 a month by our math. Whether that's worth it comes down to how much of the app you'll use. If two of you share one household, the second person costs nothing extra, so the price covers both. If you want investments, net worth and a budget in the same place, that's what the app is built around. If you only want to see what you spent last month, you'd be paying for parts you won't open, and the first free week is a fair way to find out which camp you're in. Use it through at least one card bill and one bill that doesn't come every month before you decide.
Who Monarch Money suits
- Couples or households who want one shared view, each person on their own login, at no extra cost.
- People who want investments and net worth next to their budget.
- People who'd rather watch one flexible spending number than set a limit for every category.
- People in the US or Canada who use the web as well as their phone.
Who it may not suit
- People who want a free plan. The pricing page lists none, so after the first week you're paying.
- People who mainly want a strict budgeting method to follow. Monarch's budgets are flexible by design. If you want a method that plans every dollar you have, see our post on Monarch Money vs YNAB.
- People who mostly want subscriptions cancelled for them. Our post on Monarch vs Rocket Money covers that difference.
How to try it
Start with the free first week. Connect your main bank and card accounts on day one, since the trial is short and the Canada page's advice about checking connections applies anywhere. Then try one budget style, set up one rollover for a bill that doesn't come monthly, and invite your partner if you plan to share. If you decide to stay a year, the yearly plan (and the WELCOME code, if it's still running) is the cheaper way to pay.
To see Monarch next to us row by row, see our Monarch Money comparison, or the full list of comparisons for other apps.
If a lot of what you spend is split with friends or roommates, Monio is another option: it links Splitwise bills to the card charges they were for, counts only your share as spending, and leaves card payments and transfers out. It works in the US and Canada, for $7.99 a month or $80 a year.
Questions
How much does Monarch Money cost?
As listed in October 2026, Monarch Money costs $14.99 a month or $99.99 a year, with the first week free and no free plan. A higher tier, Monarch Plus, is listed at $199 a year.
Is Monarch Money worth it?
It comes down to how much of the app you'll use. If you want investments, net worth and a budget in one place, with a partner at no extra cost, that's what it's built around; if you only want to see what you spent last month, you'd be paying for parts you won't open.
Can my partner use Monarch Money for free?
Monarch's couples page says it costs nothing to add other members to your household under the same subscription, and partners each get their own login. Everyone in the household has full visibility into all the accounts and transactions in it.
Does Monarch Money have a promo code?
As listed in October 2026, new members can use the code WELCOME for 30% off the yearly Core plan for one year. Monarch's pricing page says it can't be combined with other offers and may end at any time.