Getting Started in Monarch Money | Sign up

Let’s get organized using Monarch Money. In this video, I walk you through signing up and connecting accounts into Monarch Money.

Introduction to Monarch Money (00:00)

• Monarch Money is a tool to help you clearly see your finances.
• It tracks:
  • Income: How much money is coming in.
  • Expenses: How much money is going out.
  • Spending: Where your money is being spent.
• The goal is to provide a clear financial picture to help you reach your financial goals.

Sign-Up Process (00:30)

• Go to app.monarchmoney.com/signup to start the sign-up process.
• Steps:
  1. Enter your email address.
  2. Monarch Money will send a confirmation code to your email.
  3. Copy and paste the code into the system to verify your identity.
  4. Answer a few setup questions based on your preferences.
• After completing the sign-up process, proceed to the payment screen.

Using a Promo Code for Free Access (01:30)

• At the payment screen:
  • Retrieve the promo code sent to your email.
  • Enter the promo code to reduce the cost to $0.
  • Monarch Money will remain free for as long as you are working with the service provider.

Connecting Your First Account (02:00)

• Monarch Money prompts you to connect your first financial account.
• Example: Connecting a Chase account.
  1. Search for your financial institution (e.g., “Chase”).
  2. Select the correct institution from the list.
  3. Follow the prompts to log in to your account securely.
  4. Monarch Money will only read your account data; it cannot make changes.
• Option to automatically include any new accounts (e.g., new credit cards or bank accounts) opened with the same institution.

Adding Additional Accounts (03:30)

• After connecting the first account, continue adding other financial accounts.
• Supported accounts include:
  • Bank accounts
  • Credit cards
  • Mortgages
  • Student loans
  • Personal loans
• To add more accounts:
  1. Go to the menu bar.
  2. Select “Accounts.”
  3. Click “Add Account” in the top-right corner.
  4. Repeat the process for each account to get a complete financial picture.

Conclusion (04:30)

• Once all accounts are connected, Monarch Money provides a comprehensive view of your finances.
• This setup ensures accurate tracking of income, expenses, and spending, helping you work toward your financial goals.