Monochromatic – This is a restrained scheme, consisting of only one hue in various tints and shades. A monochromatic scheme can be made a little more dynamic by introducing extremes i.e. very light values of the hue AND very deep values. To create a more serene look, you should balance the scheme with mid-tones. The downside to a monochromatic palette is that it has a tendency to be boring. The key to avoiding this is to layer the space with multiple interesting textures. For example, add textiles to the space in that same hue, but ensure you mix tactile surfaces like raffia, leather, and grass cloth with smoother finishes like silks, glass and metal.
A monochromatic scheme does NOT have to be simply taupe or beige. A monochrome scheme could be any colour in the rainbow!
A monotone scheme however, uses only a neutral colour, like grey, again mixing various tints and shades from dove grey to graphite, and of course textures for interest.

Analogous – This colour scheme is instinctually very appealing – even to those who don’t know it by its name. Analogous colours are those closest to one another on the colour wheel, for example blue, green and yellow – or red, orange and yellow. Because of there “closeness” on the colour wheel they share similarities in undertone and therefore tend to work harmoniously, pleasing the eye. Similar to the monochromatic scheme, a more dynamic space can be created by really varying the lightness and darkness of some of colours in the overall palette. In order to maintain a sense of balance, it is best to let one of the hues dominate, adding the other “neighbors” as accents in less prominent roles.