Rocket Money Review: Is It Worth It?

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

Key Takeaways

Rocket Cash (previously Truebill) is a budgeting app that helps customers observe spending, set budgets, and handle subscriptions with an easy-to-use interface.

Key options embrace automated subscription administration, personalised spending insights, and a invoice negotiation service that may save customers cash, albeit with charges.

Whereas it provides 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 by way of a user-friendly interface. Whether or not you’re making an attempt to save lots of for a wet day or just wish to observe your spending habits, Rocket Cash free goals to make the method seamless.

Initially referred to as Truebill, Rocket Cash was rebranded in August 2022 after being acquired by Rocket Firms in 2021. This rebranding introduced a number of recent options and a refreshed interface that makes monetary administration extra intuitive. With its color-coded spending classes and complete subscription administration instruments, Rocket Cash provides 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 no less than 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 knowledge.

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 by way of 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 in every of Rocket Cash’s standout options is its subscription administration software. The app:

Scans your transactions for recurring prices in about 30 seconds

Offers an in depth checklist of your subscriptions

Is especially helpful for many who have a number of subscriptions and wish to keep away from undesirable prices

Permits customers to cancel subscriptions straight 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 software 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 perfect budgeting app robotically averages your month-to-month revenue to set finances baselines, which could be custom-made to raised align along with your private finance wants. Nonetheless, to create limitless budgets and absolutely customise classes, you’ll must improve to the premium model. Budgeting apps also can improve your expertise by offering further options.

One of many key entry options is the app’s potential to robotically screens your budgets by offering alerts for overspending in particular classes. This real-time monitoring is made potential by way of 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 are usually not with out flaws. Transactions might often be miscategorized, which might have an effect on the accuracy of your budgets. Nonetheless, the app’s intuitive interface and simple navigation make it a favourite amongst customers who admire its ease of use.

Spending Insights

Rocket Cash goes past primary budgeting by providing personalised monetary insights. These insights assist customers consider their spending habits and establish prime spending classes, together with their spending class. This characteristic 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 provides refunds on financial institution overdrafts or late charges, including one other layer of monetary advantages for customers. These spending insights and monetary perks make Rocket Mortgage Cash a helpful software 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 cellular phone or cable plan. Whereas this service can result in important financial savings, it comes with a price starting from 35% to 60% of the financial savings achieved.

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

Good Financial savings Account

Rocket Cash provides an automatic financial savings characteristic by way of its Good Financial savings software, which:

Helps customers get monetary savings effortlessly

Strikes cash to a financial savings account based mostly on consumer 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 provides a credit score report monitoring characteristic, offering customers with common updates on their credit score well being. This characteristic permits customers to observe modifications of their credit score rating over time, serving to them keep knowledgeable and make higher monetary selections.

Be part of the tens of millions already utilizing Rocket Cash to finances smarter, cancel unused subscriptions, and attain their cash targets quicker.

Rocket Cash Price

Rocket Cash provides a versatile price 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 also can entry a seven-day free trial to discover Rocket Cash’s premium options earlier than committing.

Is Rocket Cash Protected?

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

The app makes use of Plaid to securely join financial institution accounts, transmitting banking credentials securely and enhancing consumer 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 consumer login credentials, additional guaranteeing knowledge protected.

Who Ought to Use Rocket Cash?

Rocket Cash is right 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 also can profit from the app’s subscription administration options, which assist negotiate varied payments comparable to cellular phone and cable, making it a helpful software for a radical cash overview. Moreover, rocket cash’s options improve the general consumer expertise.

Total, should you’re looking for a complete budgeting app and a software for efficient subscription administration, Rocket Cash is value contemplating.

Alternate options to Rocket Cash

Whereas Rocket Cash is a strong budgeting software, there are different apps value contemplating. Monarch Cash and You Want a Price range (YNAB) are two widespread alternate options. Monarch Cash provides visible finance shows that assist customers handle their budgets successfully. Learn our Monarch Cash overview.

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

Person Opinions and Rankings

Rocket Cash has acquired a mean ranking of roughly 4 stars throughout varied 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.

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

Abstract

Rocket Cash provides 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 knowledge 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 adaptability 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 this moment.

FAQs

How a lot does Rocket Cash price?

Rocket Cash has a free plan with primary options, however if you need 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 helpful.

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!