Rocket Money
Bank-linked app that tracks subscriptions and spending, with cancellation and bill negotiation on top.
- Verified facts
- 5 of 5
- Alternatives ranked
- 7
- Approved reviews
- 0
- Visits sent from here
- 0
About Rocket Money
Rocket Money is a personal finance app best known for finding and cancelling subscriptions. After you link your accounts, it lists recurring charges in one place, tracks upcoming bills, categorizes spending and shows net income, and on paid plans it adds budgets, credit reports, net worth and automated savings. It started as Truebill, which Rocket Companies (the mortgage lender behind Rocket Mortgage) bought in late 2021 and renamed Rocket Money in 2022. There are three tiers. The free tier covers subscription tracking, bill tracking, spending categories and up to two custom category budgets. Premium adds hands-off cancellation, where Rocket Money contacts a provider for you, unlimited budgets and categories, savings goals that move money into an FDIC-insured account, full credit reports and account sharing. Premium+ adds Rowan, an AI assistant. Separately, Rocket Money will negotiate cable, phone and insurance bills for a success-based fee, charged only if it lowers the bill. The app is on iPhone, Android and the web. It suits people who mainly want to stop paying for forgotten subscriptions and get a quick picture of their spending. The trade-off is that budgeting is lighter than in dedicated apps, the free tier is narrow, the negotiation fee can be a sizable share of the savings, and the app sits within a lender's group of products.
Best for: People who want to find and cancel forgotten subscriptions and get a quick view of spending.
Pros and cons
What works
- Free tier tracks every subscription and upcoming bill
- Premium can cancel subscriptions on your behalf
- Bill negotiation fee applies only if it saves you money
- Spending, credit and net worth in one app
Why people leave
- Free tier allows only two custom category budgets
- Budgeting is lighter than in dedicated budget apps
- Owned by a mortgage lender with other products to offer
Top Rocket Money alternatives
See all 7- 1
Monarch Money73.3Deeper budgets, goals and partner sharing, and it also detects recurring subscriptions automatically.
- 2
EveryDollar73.3A free zero-based budget if you want a plan for every dollar rather than spending insights.
- 3
YNAB70.9Zero-based budgeting that gives every dollar a job, for people who want a plan rather than just tracking.
- 4
PocketGuard66.5Bank-synced tracking focused on what's left to spend, with bill and subscription tools and a lifetime option.
- 5
Quicken Simplifi61.8Tracks bills and subscriptions alongside budgets and cash-flow projections, without a lender owner.
Why people left Rocket Money
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Rocket Money: common questions
Is Rocket Money free?
Rocket Money has a free plan and paid plans. Free tier budgets: Up to two custom category budgets (checked on Rocket Money's own site).
Is Rocket Money open source?
No, Rocket Money is not open source.
What platforms does Rocket Money run on?
Rocket Money is available for iOS, Android and Web.
What are the best alternatives to Rocket Money?
The highest-ranked Rocket Money alternatives right now are Monarch Money, EveryDollar and YNAB. See the full ranked list for pricing, platforms and verified facts.