Rocket Money App Review: Is It Worth It?

Is Rocket Cash the very best budgeting app? On this Rocket Cash evaluate, we look at its options like budgeting instruments and subscription administration to see if it’s price your time.

Key Takeaways

Rocket Cash (previously Truebill) is a budgeting app that helps customers monitor spending, set budgets, and handle subscriptions with an easy-to-use interface.
Key options embody automated subscription administration, customized spending insights, and a invoice negotiation service that may save customers cash, albeit with charges.
Whereas it presents a free plan, premium options vary from $6 to $12 per thirty days and improve budgeting capabilities and financial savings instruments.

What’s Rocket Cash?

Rocket Cash is a cash administration and budgeting app designed to assist customers take management of their funds. The rocket cash app facilitates monitoring spending, setting budgets, and managing subscriptions, all via a user-friendly interface. Whether or not you’re attempting to avoid wasting for a wet day or just wish to monitor your spending habits, Rocket Cash free goals to make the method seamless.

Initially generally known as Truebill, Rocket Cash was rebranded in August 2022 after being acquired by Rocket Corporations in 2021. This rebranding introduced a bunch of latest options and a refreshed interface that makes monetary administration extra intuitive. With its color-coded spending classes and complete subscription administration instruments, Rocket Cash presents a transparent and arranged technique to deal with your private funds.

How Does Rocket Cash Work?

To get began with Rocket Cash, customers should hyperlink a minimum of one checking account utilizing the safe service Plaid, which helps most U.S. banks and bank card issuers. The setup course of is fast, taking lower than 10 minutes to create an account and sync your monetary information.

As soon as linked, Rocket Cash consolidates all of your monetary info, providing a real-time, complete view of your balances, payments, and spending patterns to provide the full image via account syncing.

Cease overpaying and begin saving. Attempt Rocket Cash’s free plan and see how a lot you may lower out of your month-to-month payments.

Subscription Administration

One among Rocket Cash’s standout options is its subscription administration device. The app:

Scans your transactions for recurring costs in about 30 seconds
Supplies an in depth listing of your subscriptions
Is especially useful for individuals who have a number of subscriptions and wish to keep away from undesirable costs
Permits customers to cancel subscriptions instantly throughout the app with only a single faucet, making the method extremely handy.

For people preferring a hands-off strategy to handle subscriptions, Rocket Cash’s subscription administration device is a game-changer. It successfully identifies and helps eradicate undesirable subscriptions, giving customers higher management over their monetary panorama.

Budgeting Instruments

Rocket Cash’s budgeting instruments are designed to assist customers get monetary savings and obtain their monetary targets. The very best budgeting app routinely averages your month-to-month earnings to set finances baselines, which will be personalized to higher align along with your private finance wants. Nevertheless, to create limitless budgets and absolutely customise classes, you’ll must improve to the premium model. Budgeting apps can even improve your expertise by offering further options.

One of many key entry options is the app’s capability to routinely screens your budgets by offering alerts for overspending in particular classes. This real-time monitoring is made doable via seamless integration along with your financial institution accounts and checking account, providing the identical options for an correct and up-to-date image of your monetary well being.

Regardless of its many benefits, Rocket Cash’s budgeting instruments should not with out flaws. Transactions could often be miscategorized, which may have an effect on the accuracy of your budgets. Nevertheless, the app’s intuitive interface and simple navigation make it a favourite amongst customers who respect its ease of use.

Spending Insights

Rocket Cash goes past primary budgeting by providing customized monetary insights. These insights assist customers consider their spending habits and determine prime spending classes, together with their spending class. This function is especially helpful for these seeking to make knowledgeable selections about how they spend their funds and get monetary savings in the long term.

Moreover, Rocket Cash presents refunds on financial institution overdrafts or late charges, including one other layer of economic advantages for customers. These spending insights and monetary perks make Rocket Mortgage Cash a invaluable device for anybody severe about enhancing their monetary well being.

Invoice Negotiation Service

Rocket Cash’s invoice negotiation service is designed to assist customers save on their present payments by negotiating higher charges with suppliers. The app flags payments for potential financial savings, comparable to switching to a less expensive cellphone or cable plan. Whereas this service can result in important financial savings, it comes with a payment starting from 35% to 60% of the financial savings achieved.

It’s vital to notice that customers don’t maintain all of the financial savings from invoice negotiations, which can solely apply to the primary 12 months’s financial savings. Regardless of this, the potential for 12 months’s financial savings—comparable to $175 saved over the subsequent 12 months—makes this function price contemplating.

Good Financial savings Account

Rocket Cash presents an automatic financial savings function via its Good Financial savings device, which:

Helps customers get monetary savings effortlessly
Strikes cash to a financial savings account based mostly on person habits
Makes it simpler to achieve monetary targets with out fixed consideration

Customers can set particular financial savings targets and enter month-to-month financial savings contributions in Rocket Cash’s monetary targets part to assist them save extra spend much less. This automated strategy to monetary planning and saving ensures that customers can obtain their cash targets with minimal effort.

Credit score Rating Monitoring

Rocket Cash additionally presents a credit score report monitoring function, offering customers with common updates on their credit score well being. This function permits customers to observe adjustments of their credit score rating over time, serving to them keep knowledgeable and make higher monetary selections.

Be a part of the hundreds of thousands already utilizing Rocket Cash to finances smarter, cancel unused subscriptions, and attain their cash targets sooner.

Rocket Cash Price

Rocket Cash presents a versatile value construction that features a free plan with restricted options and a premium subscription starting from $6 to $12 per thirty days. The free model supplies primary budgeting capabilities and transaction visibility however lacks the superior instruments wanted for a complete budgeting expertise.

The premium membership unlocks further functionalities like limitless customized finances classes and automatic financial savings choices. Customers can even entry a seven-day free trial to discover Rocket Cash’s premium options earlier than committing.

Is Rocket Cash Protected?

In terms of security, Rocket Cash employs AES 256-bit encryption to safe private information. This ensures that person information is encrypted each in transit and at relaxation, stopping unauthorized entry. Moreover, Rocket Cash makes use of industry-standard safety protocols to additional improve information safety.

The app makes use of Plaid to securely join financial institution accounts, transmitting banking credentials securely and enhancing person belief. Rocket Cash additionally ensures as much as $250,000 in FDIC insurance coverage for the financial savings accounts it manages, offering an additional layer of safety for customers.

Importantly, Rocket Cash doesn’t retailer person login credentials, additional guaranteeing information protected.

Who Ought to Use Rocket Cash?

Rocket Cash is good for a variety of budgeters seeking to handle their funds extra successfully. The cash app simplifies monetary administration by offering a complete overview of spending and financial savings. Customers can even profit from the app’s subscription administration options, which assist negotiate numerous payments comparable to cellphone and cable, making it a invaluable device for an intensive cash evaluate. Moreover, rocket cash’s options improve the general person expertise.

Total, for those who’re in search of a complete budgeting app and a device for efficient subscription administration, Rocket Cash is price contemplating.

Alternate options to Rocket Cash

Whereas Rocket Cash is a sturdy budgeting device, there are different apps price contemplating. Monarch Cash and You Want a Price range (YNAB) are two well-liked options. Monarch Cash presents visible finance shows that assist customers handle their budgets successfully. Learn our Monarch Cash evaluate.

YNAB, however, permits customers full management and guide monitoring of their funds. Each apps present distinct options that cater to completely different budgeting wants, making them viable options to Rocket Cash.

Person Opinions and Rankings

Rocket Cash has obtained a mean ranking of roughly 4 stars throughout numerous platforms, with the Apple App Retailer ranking being 4.3 stars. Customers discover the app user-friendly, with a clear design that makes budgeting simpler.

Nevertheless, some customers have criticized the Invoice Negotiation device for its excessive charges and inflated financial savings estimates. Regardless of these criticisms, the general person suggestions is constructive, making Rocket Cash a dependable selection for a lot of.

Abstract

Rocket Cash presents a complete suite of instruments for managing private funds, from budgeting and subscription administration to invoice negotiation and credit score rating monitoring. The app’s user-friendly interface and safe information practices make it a compelling possibility for anybody seeking to take management of their monetary well being.

Whether or not you’re a seasoned budgeter or simply beginning, Rocket Cash supplies the options and suppleness wanted to attain your monetary targets. Give it a try to see the way it can rework your strategy to managing cash.

Able to see the place your cash’s actually going? Join Rocket Cash and uncover your true spending image right now.

FAQs

How a lot does Rocket Cash value?

Rocket Cash has a free plan with primary options, however if you would like extra, the premium subscription prices between $6 to $12 a month.

Is Rocket Cash protected to make use of?

Completely, Rocket Cash is protected to make use of because it makes use of AES 256-bit encryption and doesn’t retailer your login data. You possibly can really feel safe whereas managing your funds!

Can I cancel subscriptions utilizing Rocket Cash?

Completely, you may simply cancel subscriptions proper within the Rocket Cash app with only a faucet! It’s tremendous easy and useful.

Does Rocket Cash supply a free trial for premium options?

Sure, Rocket Cash has a seven-day free trial for its premium options, so you may test it out risk-free!