Methodology
How we calculate your numbers
How MonthlyIQ detects recurring bills, excludes transfers, and explains every insight.
Recurring Expenses
MonthlyIQ looks for payments to the same merchant that repeat on a regular schedule with similar amounts. Each detected bill gets a confidence score, and you can confirm or dismiss it. Your decisions are kept on future syncs.
Transfers and card payments
Moving money between your own accounts, and paying a credit card from checking, aren't new spending. MonthlyIQ pairs these and leaves them out of spending totals. You can override any match.
Spending drift
A category is flagged when this month is at least 25% above your own three-month average. We compare you with your own history, not with other people.
Explainability
Every recurring bill and insight has a 'Why am I seeing this?' view listing the transactions, dates, and amounts behind it.
Calculators
Our public calculators run entirely in your browser using the formulas shown on each page. Nothing you type is saved.
See your own numbers
Connect your accounts and MonthlyIQ explains your month — what's due, what changed, and what's left.