Monetr is a financial management tool that helps you control your finances paycheck by paycheck. It tracks available funds, upcoming expenses, and financial goals. You can import transactions manually or connect your bank for automated updates. Features include budgeting for recurring expenses, financial forecasting, and self-hosting options. It's mobile-friendly and has open-source code.
Features
See What's Leftover
Monetr keeps track of how much you have set aside for your budgets, allowing you to know exactly how much you have left to use or spend.
Track Recurring Expenses
Monetr lets you budget for recurring expenses, helping you manage costs that occur at different intervals instead of just a monthly budget.
Import Transactions Manually
Upload OFX files directly from your bank account to easily input data into Monetr.
Connect Your Bank With Plaid
Using Plaid, Monetr automatically receives secure updates from your bank to avoid manual imports of transactions or balances.
See Your Financial Future
Allows you to see a forecast of your finances based on your budget, helping you understand how and when you’ll have money.
Mobile Friendly
Monetr is built to be mobile-friendly and can be installed as a web app on your desktop or mobile device.
Self-Host
Host Monetr on your own hardware to keep your data private, giving you full control over your setup.
Source Visible
Monetr's source code is publicly available, allowing you to review how data is handled and contribute to functionality if desired.
Priority Based Goals
Organize budget and savings based on goals you set, such as paying off debt or saving for an emergency fund, instead of following a fixed plan.
Expense Tracking
Categorize transactions to help manage spending habits. It integrates with existing financial accounts for seamless tracking.
Saving Assistance
Helps allocate funds towards goals by suggesting savings strategies, adjusting for unexpected expenses.
Partner Integrations
Connects with financial institutions to automatically update transaction and account information.
Budget Management
monetr is a web application designed to help manage recurring expenses such as rent, subscriptions, or credit card payments to assist with budgeting.
Goal Preparation
The app helps users prepare for one-time financial goals, whether saving for a big purchase or building a financial safety net.
Self-Hosting
monetr provides guidance for hosting the app yourself, allowing users to potentially customize and control their own instance of the application.
Link Accounts
Allows you to securely connect your financial accounts using Plaid. This enables automatic download of transactions and syncing with your budget.
Manual Accounts
Lets you manually add financial accounts in case you prefer not to use Plaid or want to manage your budget manually.
Name Your Budget
Provides an option to name your budget for better organization and clarity.
Create First Account
Helps in setting up a primary account within your budget to start managing funds.
Set a Starting Balance
Allows you to set an initial balance for your accounts, although this step is optional.
Create Funding Schedules
Facilitates setting up regular funding schedules to plan and manage your budget efficiently.
Free-To-Use Balance Tracking
Tracks how much money is available to spend from your bank account after accounting for expenses, goals, and other commitments.
Automatic Updates
Updates Free-To-Use balance automatically when transactions clear or goals are reached, but gives the option to manually adjust for better tracking.
Financial Flexibility
Offers flexibility by accommodating unplanned expenses or changes in financial plans, ensuring accurate financial tracking.
Transfer Funds
Allows you to allocate money between transactions, goals, and expenses, facilitating better budgeting management.
Expense Management
Allows you to track and manage recurring expenses such as rent, bills, and subscriptions. You can set up future expenses and monetr will automate your expense schedule.
Funding Scheduling
Lets you choose how and when to fund each expense using pre-existing budgets. You can fund expenses using a paycheck or any existing budget, ensuring proper allocation of resources.
Expense Timeline
Provides a visual timeline for each expense, showing contributions and spending deadlines. Helps in tracking how funds are allocated and when expenses are due.
OFX File Support
The platform supports the import of transactions using the OFX (Open Financial Exchange) file format. This is a widely accepted format among banks for exporting transaction data.
Checking Account Type Support
Currently, the platform supports file uploads for checking account types. Future updates may support additional account types like savings and credit card accounts.
Secure Handling of Sensitive Information
OFX files can contain sensitive information such as account numbers. The platform processes these files without saving extra information and deletes file uploads immediately after processing to ensure data security.
Upload Process
Users can upload transaction files by selecting them through a user interface. The uploaded file is processed, and the status of the upload is tracked in real time.
Supported Account Types
Monetr supports various types of accounts for balance synchronization, such as deposit accounts and savings accounts. Users can manage which accounts to sync.
Institution Health
Monetr monitors the health of institutions to ensure data updates are completed correctly. It shows the status of data updates and any issues if they arise.
Re-authenticating Connections
Allows users to re-authenticate their bank connections with Plaid, ensuring continued access to updated financial information.
Adding New Accounts
Users can add new accounts via the Plaid integration by selecting the 'Update Account Selection' in the interface and linking them.
Disconnecting Accounts
Monetr allows users to disconnect a single account without removing the entire bank link, maintaining other connections.
Removing a Plaid Link
Entire Plaid links can be removed, which deletes all associated data with that link, including transaction history and balances.
Best Practices
Monetr offers best practices such as monitoring institution health and regularly updating connections to ensure data accuracy.
Expense Forecasting
Allows you to see your current allocation and upcoming events related to your expenses. For example, it shows how contributions will build up to a total allocation that can be spent on specific expenses at a future date.
Goal Forecasting
Helps track contributions towards financial goals over time, indicating how much money will be allocated and accumulated towards each goal.
Funding Schedule Forecasting
Displays timelines for when contributions will occur according to funding schedules, showing how finances will be distributed across various budgets.
Self-Hosting
Allows you to host the monetr application on your own infrastructure. This gives you full control over your data and setup without needing to pay subscription fees.
Docker Compose Support
The recommended method for installation. Docker Compose helps set up all necessary services, including PostgreSQL, required for running monetr.
Configuration Options
Offers detailed steps for custom configurations to suit specific needs after installation.
Full Data Ownership
Gives you the capability to keep complete control over your financial data when self-hosting.
Create a Funding Schedule
Allows you to select the funding date of your account's funding schedule by clicking 'Funding Schedules' and entering the necessary details.
When Do You Get Paid Next?
Provides information on the next payday based on the funding schedule settings. Helps to determine when you will receive your next paycheck.
How Often Do You Get Paid?
Supports various pay frequencies such as weekly, biweekly, monthly, etc. It allows customization for receiving pay on specific days.
Excluding Weekends
Adjusts pay dates to account for weekends, ensuring pay is deposited on the nearest working day instead.
Estimated Deposit
Shows the anticipated deposit amount from the paycheck, taking deductions into account.
Estimated Contribution
Calculates the amount leftover to contribute to budgeting goals after essential expenses are covered.
Funding Timeline
Visual representation of funding contributions over time, demonstrating how funds are allocated to budgets on a schedule.
Goal Setting
Allows users to set and track financial goals by specifying an amount and deadline, helping them manage and allocate their savings effectively.
Flexible Spending
Enables users to manage their finances by adjusting saving contributions when their financial situation changes.
Goal Timeline
Provides a detailed timeline showing the allocation towards goals over time, helping users visualize their savings progress.
Creating Goals
Users can create goals by specifying details such as name, target amount, and deadline, tailored to their financial needs.
Pausing and Resuming Goals
Users can temporarily halt goal contributions and resume them later, allowing for adaptable financial planning.
Getting Started
Guides to help new users begin using the monetr platform effectively.
Setting Up Funding Schedules
Instructions on how to set and manage your funding schedules.
Managing Expenses
Guidance on tracking and managing expenses within the platform.
Planning for Goals
Tools and methods to set and achieve financial goals with monetr.
Import Transactions
Allows you to automatically import your transactions from your bank. Once imported, they can be added to budgets and managed within the application.
Manual Entry
Enables you to manually enter transactions into the system in case they are not automatically detected or imported.
Transaction Assignment
Facilitates the process of assigning transactions to specific budgets, such as 'Free-To-Use' or a custom budget category, to help manage finances effectively.
Similar Transactions
Automatically detects and groups similar transactions based on transaction name or amount. This helps users more easily manage recurring transactions and identify trends.
Change Password
Allows users to change their password through settings. Once changed, a confirmation email is sent to the user's registered email address.
Forgot Password
Users can reset their password if they forget it by providing their registered email to receive a reset link. Requires email server (SMTP) configuration on self-hosted instances.