Monarch Money is one of our favorite budgeting apps and, fittingly enough, there's a way for newcomers to save money on a subscription right now. If you use the code WELCOME at checkout, you can get an annual plan for 30 percent off. It typically costs $100, but you can get 12 months of access for $70 with this code.
There are some key caveats here. The discount is only for new users, and it can't be combined with other offers. The code only works when you sign up through the web. You can't redeem it through the Monarch mobile app.
We feel that Monarch has a steeper learning curve than some other budget trackers and that certain aspects of the app are slightly more complex than they probably need to be. But it offers a great deal of customization and granularity, which outweighs our misgivings.
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On the main dashboard, you'll see your net worth along with your latest transactions, spending versus the previous month, your income so far for the month and details about upcoming bills, your investments and goals you've set. There's also a link to a month-in-review page, which offers an in-depth overview of what's been happening with your money that month. You'll also be able to take a peek at how your net worth has changed over time.
Monarch can connect to your bank and track Apple Card, Apple Cash and Savings accounts. It can pull in your transactions and balance history automatically and detect your recurring expenses and income. The app can even keep your car valuation up to date. While it might take a little work to set up Monarch (and you might have to tweak things here and there), it's a detailed budgeting app that can help you keep better track of your income, expenditure and net worth.