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p/monarchThe modern way to manage your money
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Chris Messina

Monarch AI Assistant - Makes managing your money as easy as having a conversation

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Top Hunter
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Introducing the first AI-powered personal finance assistant that makes managing your money as easy as having a conversation. Built on top of Monarch's best-in-class personal finance app, available on web, iOS, and Android.

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Osman (Ozzie) Osman
Maker
📌
Finances are one of the most important aspects of our lives and are so proud of what our team has built so far. Now, we're so excited to announce our foray into using GenAI to help people manage their money. The envelope of what's possible in this space has shifted dramatically. We'd love for you all to try it out and give us your feedback!
Corey McWilliams
@oaks Hey Ozzie, How does monarch plan to pay for this feature? By increasing subscription cost? GPT-4 is expensive, and I'm hesitant to think that the value add for seeing if I'm on track to buy a house will be enough to justify it when I can just click Goals myself and avoid typing out the whole question. Thank you for always innovating
Osman (Ozzie) Osman
Maker
Hi @corey_mcwilliams ! This is still really early, but we expect the cost of generative AI models to drop (and their quality to improve). And Monarch AI Assistant should can ultimately do a lot more than just answer simple questions about your money to give much more insightful answers (eg, it can combine its knowledge of your goal status with its knowledge of your spending and its knowledge of personal finances overall to say something like: "You are on track for your goal but you could get there 3 months faster if you cut your restaurant spend by $X").
Antoni Kozelski
@oao84 Congratulations on the launch of your new financial management tool powered by GenAI!💪 It's impressive to see how your team has harnessed the potential of artificial intelligence to revolutionize the way people manage their money and we're excited to see how your innovative solution will empower users to achieve their financial goals.👍
ricoche
When I say I want AI tools that complement existing features, this is what I mean. Well implemented. If only I could prompt it to "double my money in the bank right now" 😂😂😂
Samantha August Allen ★★
I'm a big Monarch fan. Excited to try this once I have access!
Lindsay Trinkle
I'm a new Monarch customer, having recently switched from YNAB. Loving it so far and I'm excited to try this new feature out!
Justin Maxwell
so excited to try this out. monarch is the best.
Andrew Fiebert
Monarch is honestly great, it was my families successor to Mint and we couldn’t be happier. Thank you for continuing to make Monarch awesome!
Elvis De Abreu
hopefully i will be able to ask something like "what do i need to do to increase my Credit Score" and it will reply back with something like first you need to pay this card then this and that... it would be awersome
Sam
Converted to Monarch from Mint at launch and have been extremely happy. Quick syncing accounts, smart categorization tools, recurring payment forecasting, all for a reasonable annual subscription. (No credit card pushing, thank the lord.) It's everything I want and more.
Hamza Q
Congratulations on your launch. Love the value proposition of this! I particularly like the dashboard. Look forward to trying it out
Wesley Braden
I'm a huge fan of Monarch! It's by far the best budgeting/finance app I've found. Really interested to check this out :)
Omar Gabr
Congrats team! I've been a Monarch user for almost a year and I've been impressed by the amount of insights I'm getting about my spending behavior. Just signed up for AI Assistant waitlist. Very excited to try it out! 🚀
Evan Herchek
Building this into a product that already exists is a huge advantage. I think the fact that y'all launched Monarch in 2021 gives a leg up on usability so there's less room for error. Great work!
Brittany Joiner {Britt the Builder}
I'm looking forward to seeing how AI helps with finance tools, so this looks really cool. Can't wait to try it out!
C D
As a monarch user, I don't want this. Presumably, if I'm using Monarch, I'm a bit beyond "You could afford a house if you'd stop eating avocado toast." Fix the bugs with the existing program, rather than adding a useless feature because it's trending. I don't want ChatGPT or any related program anywhere near my data.
Bridgette Farrer Muir
Congrats team Monarch!
Fawzy Abu Seif
This looks great!
𝚒𝙴𝚍𝚍𝚢𝙶
As a Monarch Money user, this does not excite me. There are PLENTY of other things I'd rather see the Monarch dev team working on rather than joining all the hustle bros jumping on the AI bandwagon. For example, an option for a much more data-dense layout (there's so much unnecessary white space!) Or the option to show a "running balance" in the transaction list, and not a (useless to me) "daily total". Lots of features to add that are more important than a way for ChatGPT to tell people they could save money by going to Starbucks less.
Hamza Q
Can this or will it integrate with Open Banking?
Walter Chen
awesome stuff. could you share a little about your "ai stack" and what you used to build this?
Osman (Ozzie) Osman
Maker
@smalter We are going to write a series of blog posts about this. Feel free to follow us on Twitter: https://twitter.com/monarch_money
Bob Laffman
Monarch looks awesome! How'd you guys decide on what Monarch should sound like? Since it's like a personal assistant for a person, rather than just a chatbot