Monarch Money Pricing Plans & Top Alternatives in 2025

Monarch Money is primarily designed for personal finance. It lacks features such as invoicing, accounts receivable/payable, payroll, and tax filing support, which are essential for small businesses and freelancers with complex operations.

As a Mac-optimized product, users on Windows or Android devices may find the experience less seamless or robust compared to tools offering full cross-platform parity.

While Monarch provides helpful visualizations and tracking tools, some competitors offer advanced AI-driven insights and predictive analytics for forecasting cash flow or suggesting saving opportunities.

Monarch allows users to track investments, but it doesn’t offer real-time investment advice or robo-advisor services like tools such as Personal Capital or Betterment.

Access to advanced features such as full reporting, custom rules, and long-term goal planning typically requires a paid subscription, which may lead budget-conscious users to explore free options like Mint or EveryDollar.

Unlike some competitors that allow shared family or couple budgets, Monarch’s collaboration features are somewhat limited for users who want to manage household or business finances with multiple stakeholders.