Monarch Money: 50% off annual plan for new users — use code MONARCHVIP

Monarch Money is currently offering new users a 50% discount on its annual subscription. Normally priced at $100/year, the annual plan drops to $50 when you sign up on the web and enter code MONARCHVIP at checkout. This promo is only valid for new accounts, cannot be combined with other offers, and is not redeemable through the mobile app.

The app focuses on detailed, customizable budgeting and net-worth tracking. On the main dashboard you can view your net worth, recent transactions, spending versus the previous month, income-to-date, upcoming bills, investments and financial goals. Theres also a month-in-review page that summarizes monthly activity and net-worth changes over time.

• Highlights: Customizable categories, granular reporting, net-worth tracking, month-in-review and goal tracking.
• Connections: Monarch can link to bank accounts and specific accounts like Apple Card, Apple Cash and Savings to pull transactions and balance history automatically.
• Automation: It can detect recurring income and expenses and even keep car valuations updated.
• Caveats: Steeper learning curve than some simpler budget apps; initial setup may require manual tweaks.

If youre curious to try it, sign up via the Monarch website: monarchmoney.com. For the original deal write-up, see the Engadget article: Engadget — 50% off Monarch Money.

Overall, Monarch offers a high level of customization and depth for users who want detailed financial tracking. If you value granular control and comprehensive net-worth insights, the app may be worth the extra setup time — especially at half price.

Discussion: Will the MONARCHVIP discount make you try a more advanced budgeting app, or do you prefer simpler trackers? Share your thoughts below.