We share our best tips for using Monarch Money to track expenses, manage separate accounts, and keep our financial lives completely organized. We discuss how to remove the friction from budgeting and expense tracking and why a consistent approach beats perfection every time. Whether you are already a Monarch power user or just looking for a better system, we are breaking down the exact strategies that work for us.
Greg joins this week’s podcast as we talk about:
– Why we track our expenses
– Why we love Monarch Money for tracking our expenses
– Specific tips and tricks for how we use Monarch Money
– Why we have separate expenses and how it works well for us
– How our tracking habits have shifted since early retiring
– Why we have a prenuptial agreement, aka prenup
– The best way to handle finances as a couple
– The importance of financial communication and transparency in relationships
– Exploring the new Monarch Plus subscription to track simple businesses, LLCs, and forecasting
– Navigating Monarch for your unique situations and needs
Show References:
- Monarch Money – Maggie & Greg’s Referral link
- CampFI presentation: The Real Reason Expense Tracking Matters (Hint: It’s Not What You Think) with Greg Woods
- Inside Out Money episode #147 – 2025 Expense Review (Part 1)
- Inside Out Money episode #148 – 2025 Expense Review Part 2 – The real cost of food, fitness, phones, and more!
- Friends on FIRE podcast #174 – Prenups aren’t just for the rich and famous – with Alexa the attorney