Advanced Features in Monarch Money: Taking Control of Every Dollar
Advanced Features in Monarch Money: Taking Control of Every Dollar
Once you’ve mastered your daily, weekly, and monthly routines in Monarch Money, it’s time to unlock the advanced features. These tools save time, reduce errors, and help you manage your finances at a professional level. Think of them as your financial autopilot.
✅ Custom Rules for Transactions
Monarch lets you create rules so recurring transactions are automatically categorized.
- Example: All charges from “Shell” go to “Gas & Fuel.”
- Example: All deposits from your employer go to “Income: Salary.”
⚡ Benefit: Saves hours of manual cleanup and keeps your reports accurate.
📍 How to Set It Up: Go to Settings > Rules, and build custom automation once—then Monarch handles the rest.
✅ Investment Tracking
Monarch isn’t just for budgets—it tracks your investments, too.
- Link your brokerage accounts.
- Monitor portfolio growth over time.
- See asset allocation at a glance.
📈 Pro Tip: Even if investing isn’t your focus yet, start syncing accounts now so you can watch your wealth build over the years.
✅ Net Worth Customization
Beyond linked accounts, you can add manual assets and liabilities:
- Real estate (update with Zillow estimates).
- Vehicles (adjust for depreciation annually).
- Crypto wallets or cash savings not linked online.
📊 Why it matters: Your net worth report gives you a full picture, not just bank balances.
✅ Cash Flow Forecasting
Using the Calendar View, you can see exactly when:
- Paychecks hit your account.
- Bills are due.
- Budgets reset.
🔮 Practical Use: Prevent overdrafts and plan for large expenses by seeing future balances before they happen.
✅ Shared Household Features
Monarch is built for couples and families.
- Invite your partner under Settings > Household.
- Use shared notes on transactions (e.g., “Work trip reimbursable”).
- Assign tasks—one person monitors bills, the other tracks savings.
💬 Best Practice: Schedule monthly “money dates” using Monarch as the agenda.
✅ Notifications & Alerts
Turn on proactive reminders so you never miss a beat.
- Bill reminders.
- Overspending alerts.
- Notifications for new transactions.
📩 Pro Hack: Use alerts as guardrails—let Monarch do the monitoring so you don’t have to.
🚀 Advanced Feature Checklist
Here’s a simple way to layer these tools into your routine:
- Week 1: Set up 5–10 custom rules.
- Week 2: Sync investment accounts.
- Week 3: Add manual assets/liabilities.
- Week 4: Turn on alerts & notifications.
👉 Within a month, you’ll have a fully automated money system that saves you hours and keeps you consistent.
🔗 Series Recap
- Daily Habits with Monarch Money
- Weekly Habits with Monarch Money
- Monthly Habits with Monarch Money
- Practical Guide to Using Monarch Money (For Active Users)
📩 Ready to use Monarch Money like a pro but want personal accountability? Book a financial coaching session and get expert guidance tailored to your goals.