Monarch Money Tutorial // How to Budget with Monarch Money
ฝัง
- เผยแพร่เมื่อ 30 พ.ค. 2024
- This is a full walkthrough tutorial on Monarch Money. I show you how to customize your budget, create automation, handle sinking funds, and use goals. Click ‘more' to see my recommended money tools.
⬇️ RECOMMENDED TOOLS ⬇️
ONLINE SAVINGS/BANKS:
⭐ SoFi Banking: bit.ly/3thoNqY
⭐ SoFi Credit Card: bit.ly/3TPjzOc
⭐ Ally Savings: bit.ly/48nuPWt
⭐ Marcus Savings: bit.ly/marcusonlinesavings
⭐ Wealthfront Savings: bit.ly/41Mr8XG
⭐ Chime Online Bank: chime.com/r/brittanyflammer
BUDGETING APPS:
⭐ Tiller: tidd.ly/3t4p0Oa
⭐ Simplifi by Quicken: bit.ly/48zTHdE
⭐ Monarch Money: bit.ly/48nhg8L
⭐ EveryDollar: www.ramseysolutions.com/ramse...
FREEBIES
⭐ 101 Ways to Save $: bit.ly/tosavethousands
⭐ Money Saving Challenges: bit.ly/moneysavingschallenges
CASH BACK APPS
💵 Rakuten: bit.ly/rakutenaccount
💵 Ibotta: bit.ly/ibottaaccount
💵 Fetch: bit.ly/fetchcashback
0:00 Start
0:23 Budget setup and customization
16:12 Rules and atomization
23:02 Sinking funds
29:32 Goals and credit card debt
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The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. - บันเทิง
Thank you so much for this excellent tutorial!! Can you please do a video on recurring transactions and the relationship between them and your budget setup. It seems to me that it's redundant to set up my recurring transactions and then have to do the same thing in the budget. I'm new to Monarch, though and may be missing something. Thanks!
This was incredibly helpful Brittany...thank you. I feel much more confident in using Monarch now. Spent the afternoon getting familiar with it thanks to your video!
I’m so glad! I hope you get the hand of it and learn to like it!
Brittany has done an excellent job breaking Monarch down. I decided to give it a shot after viewing one of her videos. Monarch fits my needs very well and I actually like it more than Mint. However, I'm unsure if it's $100 better than Mint. Luckily, I was able to get it for 50% off but I'm not certain if I'm in for the long haul, particularly if there's another price increase. I would love to see Brittany's evaluation of the more popular Rocket Money and Copilot. Her budget app summaries have been the most useful imo.
Looks like monarch money is really good.
It is not perfect, but there is no perfect budgeting app. I have had a lot of clients using it lately and liking it. It’s great for automation and visualizing all your spending.
I like Monarch and just paid for a year. Only big problem I have is 15% of my salary goes to buy company stock, then those are sold every two weeks. So there are like at least 4 transactions that shows up for this.
That is kind of annoying. Their investments is in beta, so hopefully soon they'll be able to import investment transactions and you can link that to a goal.
@@BrittanyFlammer yeah, it gets even more confusing as I also divert some of that same back to checking account, but some to my Roth IRA. First month in Monarch my income was HUGE until I got most of it figured out ;)
@anderspedersen6750 I can definitely see how that would complicate things. I have had several clients come to me wondering why their savings was so high in the app at the beginning….once everything gets organized it’s much more accurate
I created a category named "Savings Categories" but am unable to move "Travel & Vacation" into this new category. It won't let me even after several attempts. What am I doing wrong? Thank you. I appreciate all your advice.
It's so frustrating when things don't work how they're supposed to.
Are you wanting a savings group and to move the travel & vacation category under the savings group? Or are you wanting to create a savings category and transfer all transactions from travel & vacation to your savings category?
These are totally different, so I want to make sure I understand what you're trying to do.
IF you want to create a savings group: Make sure you go to settings
If Monarch isn't for you, try one of these apps: th-cam.com/video/-3iL8siIf-8/w-d-xo.htmlsi=po_9msjAgRZYcXn9