Anyone else use Monarch Money as opposed to YNAB?
# budgetings
straight-nightfall-20143
05/15/2023, 8:23 PMAnyone else use Monarch Money as opposed to YNAB?
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mysterious-tomato-10057
05/15/2023, 8:24 PMThat is a new one here. So far people seem to mostly use Mint, YNAB, and EveryDollar. Haven’t seen anyone mention monarch money. Excited to see what people say
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straight-nightfall-20143
05/15/2023, 8:25 PMi quickly dropped YNAB when I realized it didn’t sync with the CC i was using. but that was a while back.
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mysterious-tomato-10057
05/15/2023, 8:26 PMmaybe they do now
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straight-nightfall-20143
05/15/2023, 8:26 PMMonarch has a very inutuitive UI
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mysterious-tomato-10057
05/15/2023, 8:26 PMfrom my googling it looks like its more about net worth and backwards analysis as opposed to budgeting
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straight-nightfall-20143
05/15/2023, 9:26 PMIt’s really very much a budgeting tool. There is a monthly planning page where you input expected income and expenses, for all your categories, and then can compare actual vs. expected at the end of the month. No personal interest in pushing it, just wanted to propose it as an alternative that is really simple to use
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mysterious-tomato-10057
05/15/2023, 9:27 PMSorry I wasn't asking to convince you to switch. I was curious in hearing more about it so I can help advise people about it.
mysterious-tomato-10057
05/15/2023, 9:27 PMIf you under spend in one budget category, does the excess roll over into the next month?
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straight-nightfall-20143
05/15/2023, 9:27 PMYeah, over all very intuitive experience.
straight-nightfall-20143
05/15/2023, 9:28 PMYou can choose to set a rollover for any categeory with one checkbox
straight-nightfall-20143
05/15/2023, 9:28 PMalso has useful custom rules for auto categorizing things that the algo can’t handle
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mysterious-tomato-10057
05/15/2023, 9:30 PMYeah if it has rollover than it's definitely a valid budgeting tool. That sounds like I now have two real options I can recommend since I can't recommend mint or every dollar really. I'll have to look more into it!
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straight-nightfall-20143
05/15/2023, 9:30 PM(being in software dev, I also like the ‘suggest/vote on a feature’ and public facing development roadmap 😉 but that’s a side benefit)
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mysterious-tomato-10057
05/15/2023, 9:31 PMOh no way that is a massive plus. I just sent a complaint email to right capital for not having a public roadmap and vote on a feature
mysterious-tomato-10057
05/15/2023, 9:31 PMI was going to send that feedback to YNAB soon lol
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straight-nightfall-20143
05/15/2023, 9:31 PM🎯
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mysterious-tomato-10057
05/15/2023, 9:32 PMOkay you have me excited.
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thousands-sunset-8939
05/15/2023, 10:32 PMWhat’s it cost for monarch?
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curved-toothbrush-84425
05/15/2023, 11:16 PM$15/mo or $100 annually ($8.33/mo)
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witty-summer-8639
05/16/2023, 12:01 AMI see they have Apple card support something YNAB doesn’t have
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straight-nightfall-20143
05/16/2023, 2:26 PMAs a user, I can get you a 30 day trial as opposed to the regular 7 day. DM me if interested.
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thousands-sunset-8939
05/16/2023, 3:20 PMYNAB does a 34 day free trail. I’ve always wondered why the extra 4 days?
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agreeable-psychiatrist-7717
05/16/2023, 4:45 PMThey have succeeded in getting your attention. 😉
😂 2
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straight-nightfall-20143
05/17/2023, 7:36 PMAnother nice Monarch feature is that when you are setting a budget for each category, there is a popup that shows how much you spent the last few months to give you a benchmark