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Personal Finance · head to head

Mint vs Monarch Money

Mint logo

Mint

Personal Finance

All your money in one app

From
Free
Rated
-
Full reviewWebsite
Monarch Money logo

Monarch Money

Personal Finance

All-in-one wealth management platform

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Mint has a free tier, so it costs nothing to try first.
  • Each has a real cost: Mint service transitioned to Credit Karma platform; standalone Mint features migrated elsewhere; Monarch Money the free trial is one week, after which a paid subscription is required to keep using the app
  • They diverge on capability: Mint covers Expense tracking, Monarch Money covers Budget management.

Where they differ

Only the attributes on which Mint and Monarch Money actually diverge.

Attributes where Mint and Monarch Money differ
AttributeMintMonarch Money
Starting priceFreeOn request
Pricing modelfreesubscription
Free tierYesNo
Founded20062022

Identical on both: platforms (Web, iOS, Android), user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Mint

  • Expense tracking
  • Budgets
  • Bill tracking
  • Credit score monitoring
  • Bank connections
  • Bank-level encryption
  • Verisign secured
  • Ios support

Only in Monarch Money

  • Budget management
  • Investment tracking
  • Tax planning
  • Bank accounts
  • Investment accounts
  • Cryptocurrency
  • IOS support

Both cover

  • Financial insights
  • Web support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Mint

  • Legacy free budget tracking for users with supported bank connectionsnot Monarch Money
  • Users transitioning to Credit Karma for continued money management featuresnot Monarch Money

Monarch Money

  • Tracking household budgets and spending across linked bank accountsnot Mint
  • Shared budgeting between partners in one accountnot Mint
  • Monitoring net worth and investment balances alongside cash accountsnot Mint

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Mint

  • Service transitioned to Credit Karma platform; standalone Mint features migrated elsewhere
  • Bank connections supported for only 17,000 financial institutions; many regional or international banks not supported

Monarch Money

  • The free trial is one week, after which a paid subscription is required to keep using the app
  • The advertised 30 percent discount with code WELCOME applies to the first year only and is restricted to new users
  • There is no free tier, and a Plus tier gates features above the base subscription

Pricing, plan by plan

Mint

Free

No published plan breakdown. See the Mint review.

Monarch Money

On request
  • Premium$14.99/month
    • Unlimited accounts
    • Investment tracking
    • Tax planning
  • Premier$39.99/month
    • All Premium features
    • Financial advisor access

Which should you pick?

Choose Mint if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, iOS, Android.
  • You also want budgets.
Mint review

Choose Monarch Money if

  • You need budget management.
  • You work on Web, IOS, Android.
  • You also want investment tracking.
Monarch Money review

Questions people ask

Is Mint or Monarch Money better?
Neither clearly leads. Mint starts at Free and Monarch Money at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Mint or Monarch Money?
Mint has a free tier; the other does not. Paid plans start at Free for Mint and On request for Monarch Money.
Does Mint or Monarch Money run on more platforms?
Mint runs on Web, iOS, Android. Monarch Money runs on Web, IOS, Android.
Can I use Mint for free?
Yes. Mint has a free tier, so you can try it without paying. Monarch Money starts at On request.
What is Mint best used for?
Mint is most often used for legacy free budget tracking for users with supported bank connections, users transitioning to credit karma for continued money management features. Of those, legacy free budget tracking for users with supported bank connections and users transitioning to credit karma for continued money management features are not what Monarch Money is typically brought in for.
What can Mint do that Monarch Money cannot?
Mint covers Expense tracking, Budgets, Bill tracking, Credit score monitoring. Monarch Money covers Budget management, Investment tracking, Tax planning, Bank accounts. Both handle Financial insights, Web support, Android support.
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