Monarch Money is an Android application that provides a detailed dashboard where users can view all their money. It is possible to manage financial resources wisely and set budget limits to avoid unnecessary spendings.
Save money
It is a well-known budget app that encourages users to improve their saving habits and access tools for spend analysis. All you need to do is to link your financial accounts to the platform and keep track of all your expenses. You are able to add your bank cards, loans and investments.
There are statistics for data analysis. You can view your expenses in bar charts and line graphs and divide your accounts to various categories for convenient monitoring. There is an option to check your latest transactions and compare your budget to the previous month or year. Monarch Money displays both your income and spendings.
Set goals
Similar to YNAB, here it is possible to set personal goals to make savings and avoid large expenses. You can create your own limitations and check how well you are doing each day. It is possible to check your current cash flow and see a list of services and products you spend most money on.
In case you exceed your plan, it is possible to get back on track by minimizing expenses on the least necessary things according to your transactions. This might be subscriptions, meals and various services.
Features
- allows to control the budget and monitor expenses;
- necessary to activate trial version to access the tools;
- possible to link bank accounts, credit cards and investments;
- free to download and use;
- compatible with supported Android versions.
