Rocket Money is an app that’s reshaping how you handle your finances. They offer users automated bill payments, seamless savings, and the potential to bid farewell to unused subscriptions.
The majority of people have their bills on autopay. While automation has its perks, it can also lead to unchecked spending on forgotten subscriptions. Think Amazon Prime, Spotify, and more, steadily siphoning your funds.
This is where Rocket Money comes to the rescue. But that’s not all. Rocket Money is far from a one-trick pony. Not only does it monitor your subscriptions and bills, but it also has the power to cut the cord when those services outlive their welcome. Plus, it brings credit score tracking and budget crafting into the mix.
Our Rocket Money review will take a look into its features, uncover how it simplifies financial management, and most importantly, determine if it’s the financial ally you’ve been waiting for. Let’s explore Rocket Money’s orbit.
What Is Rocket Money?
Rocket Money is headquartered in Silver Spring, Maryland, and has an outpost in San Francisco. This app is all about helping you keep a close watch on your monthly budget and align it with your financial goals.
Rocket Money has already proven its worth, assisting over 2 million users in saving a staggering $100 million and canceling more than a million unnecessary subscriptions. It’s a practical solution for anyone looking to gain control over their spending and financial planning.
Whether you’re a budgeting newbie or aiming for more advanced money management, Rocket Money is there to guide you through. This app has firmly established itself as a go-to tool in the world of personal finance, helping individuals take charge of their financial journey.
Rocket Money Review: The Features
- Track Spending: Gain a comprehensive financial snapshot, including insights into spending categories and real-time alerts.
- Negotiate Bills: Let Rocket Money identify potential savings in bills and negotiate on your behalf.
- Automate Savings: Enjoy automated savings through FDIC-insured “smart savings” accounts.
- Track and Understand Credit Score: Access your credit report, receive alerts on changes, and gain insights into credit history.
- Concierge Cancellations: Say goodbye to unwanted subscriptions. Let Rocket Money handle the task of canceling them for you.
- Prioritized Customer Service: Get answers swiftly with priority customer support.
- Unlimited Budgets & Custom Categories: Tailor your budgeting strategy with unlimited budgets and customizable categories.
- Smart Savings Accounts & Real-Time Balance Syncing: Optimize savings management with smart accounts, while real-time syncing keeps you informed.
- Pay Advances: Gain access to pay advances as needed for increased financial flexibility.
- Manage Subscriptions: Simplify subscription tracking, recognizing unused subscriptions and potentially canceling them.
Rocket Money Pricing
Rocket Money is all about personalization, and its pricing structure is no exception. Here’s a quick breakdown of how Rocket Money’s pricing aligns with your financial journey:
- Free Essentials: Rocket Money offers a free app download with basic tools to kickstart your financial management journey. This lets you explore the app’s core features before deciding to upgrade.
- Premium Power: For a comprehensive financial toolkit, Rocket Money offers premium plans at $3 to $12 per month or $36 to $48 per year. This unlocks advanced features, allowing you to personalize your financial strategies.
- Trial Flexibility: Dip your toes into premium with Rocket Money’s 7-day free trial. Experience the expanded features risk-free before choosing a payment plan that suits your financial goals.
- Your Value, Your Choice: Embracing a “Pay What’s Fair” approach, Rocket Money lets you decide the value you place on the app’s services. The average monthly contribution from paid users is $6.99, showcasing the flexibility of this adaptable pricing model.
Rocket Money Alternatives
If you have read this far in our Rocket Money review and it doesn’t seem like the right fit for you, you’re in luck. The majority of people need help budgeting, so of course there are many companies looking to fill this need.
Rocket Money’s main competitors are Monarch Money, Tiller Money, and Pocketsmith. If you have very specific budgeting requirements in mind and none of these have what you are looking for, you can check out this article about the best net worth tracker, to get a comprehensive list.
Final Thoughts
With features tailored to simplify subscriptions, dissect spending habits, negotiate bills, and amplify savings, Rocket Money has firmly established itself as a trusted partner in achieving financial stability.
Amidst a sea of financial tools, Rocket Money’s mix of free and Premium offerings provides a tailored route to financial control. Its dedication to financial well-being is noble, empowering users to seize the reins of their financial journey.
Whether you’re trimming expenses, supercharging savings, or seeking clarity in your financial landscape, Rocket Money can help guide you to financial mastery.
Ready to take charge of your finances? Click here to start your journey with Rocket Money today.