Mortgage was sold from Wells Fargo to Freedom Mortgage. I tried editing my original Wells Fargo payoff date to match the account creation date from Freedom Mortgage but I can’t make the bump go away. Secondly, I can’t really see what the effective date of the Freedom Mortgage original debt amount begins. It doesn’t show the new debt as a transaction. Any help?
Thanks!
I always thought I had pretty good handle on my monthly spending, but after going through my recurring charges recently, I realized I had been paying for several subscriptions I had completely forgotten about. Nothing huge individually, but when you add up streaming services, apps, cloud storage, and a couple of free trials that quietly became paid plans, it was more than I expected.
I am trying to be more intentional with my budget now, and it has made me wonder how everyone else keeps track of recurring payments.
Do you rely on monarch to catch them, keep a spreadsheet, check your statements every month, or use something else?
If I have a Save Up Goal where I contribute $100 per month, how do I factor this into the monthly budget? I have two transactions: one where I took $100 from an account to move towards the goal account, and one where I received the $100 into the goal account. How do I set up both of these transactions? Do I associate both transactions to the Save Up category and to my Save Up Goal?
If I associate the -$100 transfer to the goal, I'm assuming it will look like I spent from the goal. However, if I associate it to the Save Up category I have in my budget, it will look like I spent $100.
“I’m looking for the easiest personal finance app. I don’t need a strict budget—I mainly want automatic transaction tracking and categorization across all my accounts. I also have purchases from Walmart, Costco, and Amazon that often include multiple categories (groceries, clothes, household items). How much manual work do you actually do with Monarch, Simplifi, Copilot, or YNAB after the initial setup? If you could start over today, what would you choose and why?”
I have recurring transactions from the same merchant on two different bank accounts. Is there a way to have them show up as 2 different items in the recurring tool?
For context my partner and I do not have any shared financial accounts and he is currently in graduate school. I put all of our shared expenses on my credit card and he will typically Venmo me back for them. So for example, I pay $140 for the wifi and $160 for the electric bill, but half of that is his and he will eventually Venmo me for it. Another example is I have a $600 grocery budget, but that’s obviously higher than it would be for just myself bc it’s for 2 people.
My problem is I don’t know how to set up my budget around these shared categories because him paying me back is inconsistent. It’s not like I spend $600 on groceries and he pays me back for $300 every time. It’s super random when he’s able to contribute. I figured that on average he pays me back about $400 monthly for things total. So I have my budget categories set as the full amount (2x what I myself owe) and then an income category called Bob’s Venmos with $400.
Now I’m realizing it’s not really $400 of income bc I’m being paid back, but if I budget 2x for those shared categories then does it all even out?
Someone help this make sense in my small brain thank you
TLDR; I put everything on my credit card and partner pays me back but in large random chunks and sporadically, how do I correctly reflect this in my budget.
I'd like to consolidate tracking of all my loyalty points from various services from AwardWallet into Monarch.
This would keep me in the monarch system and make the subscription justified because then I'll get better value in making sure my various loyalty points don't expire.
So my current Discover account is missing random transactions over what looks like April, May and June. Not all. It's sporadic. That is with Plaid. So I created a new Institution using Finicity but stuck on how to move all of the transactions from the old account to the new account.
Note: I did look at their Transfer Account feature but it doesn't work for this scenario. Looks like it only works for a use case where there's no overlap in needing to keep transactions under both accounts.
TIA!!
---I feel like the above may be confusing. I can't just pick a date to merge at, which is what the Transfer feature requires. For me details:
I don't know if I'm doing something wrong, but the numbers don't add up or information is missing.
Anyone on Reddit interested in helping me set it up and explain how to maintain it once it is? I would genuinely like to continue using it if I can.
I’ve been using Monarch since the Mint sunset, and while I initially wanted it to be the "forever" solution, I’m finding that the value proposition just isn't there for me anymore.
I’m currently paying for the subscription, but I'm hitting a few walls that are making it hard to justify the cost:
I really wanted to like Monarch, but if the core features aren't reliable, the subscription price feels steep. Has anyone else reached a similar breaking point? If so, have you found a more affordable or reliable offering that handles investment/529 tracking better?
I’m open to suggestions, whether that’s a different app or even a move back to manual tracking/spreadsheets if the automation is consistently breaking. Thanks in advance!
My daughter sends me money each month using Zelle for her share of car insurance and cell phone, which I pay for.
How do I enter this as a recurring amount? It's not really income but an offset to an expense (but its split - insurance and cell phone).
We both use BofA, should I have her send me money via BofA instead?
Just read this in my inbox. I hope they figure it out soon! I was beginning to rely on it and just spent days doing a massive data quality cleanup in my Monarch Money account to make the MCP more useful to me. So sad!! I am encouraged about the stance they said they’re taking re: our data being ours and being free to use what tools we want with it. Monarch is the database of record for my money that I will continue to use because of that. Kudos to their leadership.
I'm very new, trying Monarch as an alternative to YNAB. My primary use of budgeting software is to be able to minimize my checking account balance to maximize my HYSA balance and know when it's time to invest some more.
In YNAB, this is easy because I have scheduled all of my recurring transactions and large single expected transactions. These scheduled transactions appear in my checking account and I can see the running balance projected through future months.
I know when my account is running low because the future number is negative.
It seems like none of that is a thing in Monarch (scheduling transactions ahead of time is tedious and there are no running balances that I can see). So those of you with a similar goal to me, how do you achieve it? How are you confident with a low checking account balance?
I cancelled my subscription on the 26th after my trial ended because I couldn't afford a $200 sub. It states on my account, i will lose access on the 26th. Cool, im fine with that. Why is it that on july 1st i receive a charge for $200 from monarch? what in the world kind of company charges you days after your cancellation?
EDIT: App isn't terrible, just mehhhh. they refunded me pretty quickly. THANKS!
😭😭😭 the MCP has already been so useful
What are people's opinion and strategy on re-imbursements?
Background:
I bought plane tickets earlier this year to visit my home country and deal with VISA things so I can stay here legally and come back. So part of the trip was leaisure and part of it was work related.
My company re-imbursed me for the tickets.
So I have an expense for the plane tickets a few months ago hitting my "vacation" roll over category, and now I'm re-imbursed on my latest pay check.
Do you people:
Really wish that there would be a way to make previous credit card billing cycles go read only. I've had a one or two duplicate transactions slip in, and the only way to find them is to run a report and compare the total against the statement balance.
Is this still possible? I just discovered the file in a folder and never imported it.
I tried to search for Mint in monarch and got nowhere. I placed a support ticket. Hoping to hear back.
Edit: It's a little crazy to me that this post is controversial at all. The greater point is that when you're paying a company for their product and it breaks, the community should be able to hold them accountable to fix it. Anyone downvoting this post is voting against that and their own self interest, which is unfortunate. I'm assuming people just passing by were downvoting because Monarch works for them and there are a minority of people that care about this specific issue, but for anyone else passing by I hope you've read this. Most people joining the actual discussion agree with the post. and I think most of us think Monarch is a great product for the most part, but in this way it needs to be better.
I'm pretty disappointed with Monarch that those of us who have been waiting for the functionality of this feature to be restored have been waiting for a year now.
Doing a simple search I found 15 posts where users have expressed their dissatifaction with this feature before I got tired of looking (there are more). Monarch acknowledged this in some of the posts over 6 months ago and still hasn't done anything about it.
Whether or not people like the new feature doesn't matter. No one should find it acceptable that a company would change the existing functionality of a feature and then ignore users who reported that it broke their workflow FOR A YEAR.
We're not even asking for a new feature to exclude transactions from budgets instead of hide them. All you have to do is give us an option to show hidden transaction by default rather than make us toggle it every time we search, and it would work for everyone. Instead, we're being ignored while we continue to waste our time pleading for this change.
I'm tired of being patient. This is a bad look and needs to be called out. Monarch needs to do better, or people will start looking for alternatives.
