![]() On the home screen, you instantly see your spending and cash flow for the month (i.e., whether you’ve spent more than you brought in). What I like most about it is the simplicity. In my opinion, it’s actually one of the better budget trackers available. What I find unique about Rocket Money, compared to many of its competitors, is that the app has a very useful budgeting feature. Rocket Money’s Budget & Financial Tracking Review Let’s take a look at these services in more detail, breaking down the free vs. In a case like this, your expenses may be tax-deductible, and being able to export the full list of those expenditures at the end of the year could save you time when preparing your taxes. This can be helpful in certain situations, such as when you’re running a side hustle or a small business without a separate checking account. Get instant support during business hours. Allows another person, such as a spouse, to access the account. Accounts update in real-time, compared to just once per day with the free version. An FDIC-insured bank account that aims to help you save for financial goals automatically. Get up to a $120 advance on your next paycheck. Rocket Money also tracks and notifies you of recent activity on your report. Get access to both your credit score and credit report, refreshed every 30 days. A service that handles the cancelation of paid subscriptions and recurring bills. When you upgrade to a premium account, the additional features include: Get notified when your bank account balances hit a certain threshold. Get access to your credit score, sourced from Experian. Create and track up to two budgeting categories. See your bank account balances, recent transactions, a breakdown of your monthly expenses, upcoming bills, subscriptions and more. To get started, you’ll need to create your account and connect your bank accounts, credit card accounts and investment accounts.Ī free Trubuell account gives you access to the following: You can log in to Rocket Money via a desktop browser, which I found useful for syncing accounts, but most of the core offerings are only available in the app. To access its full suite of features, you’ll have to download the Rocket Money app, which is available for both iOS and Google Play. Rocket Money is a personal finance tool with many different offerings, some free and some paid. Rocket Money Review: Its Features Explained A notable difference between the two similar services is their success fee is much less, at 15% of the total first year of savings. Rocket Money’s main competitor is Trim.We recommend going slow at first by turning on this feature at one or two service providers. Turning on this feature means giving Rocket Money consent to negotiate at any time on your behalf and make the change without your approval. When you’re uploading or syncing a bill to be negotiated, you can elect to turn on TrueProtect. Based on user reviews, people are often surprised to see a large transaction from Rocket Money for negotiating a bill or securing a credit. This success fee is the source of many complaints.For example, if they are able to save you $20 a month off of your cable and internet, and you choose to pay Rocket Money the suggested success fee amount of 40%, you’ll pay $96 upfront (40% of the $240 annual savings). If Rocket Money saves you money from bill negotiation services or gets a credit on your bill, this fee is charged upfront. Rocket Money’s success fee is paid upfront.As with the monthly fee, you get to choose how much you pay within that range. In addition to that monthly fee, Rocket Money charges a 30% to 60% “success fee” for their bill negotiation services. This fee unlocks features like their Cancellation Concierge (covered in detail below). To access the premium services, you have to pay a monthly fee of between $3 and $12 per month (you choose how much to pay within this range). Rocket Money is a free app with premium addons. The pricing is complex and can be confusing.There’s a seven-day free trial of the premium service.Your transactions update once per day with the free version. It has minimal ads, and key information is presented upfront. The free version’s tracking and budgeting features are among the best we’ve tested.Final Thoughts: Is Rocket Money Worth It?ħ Things to Know Before Signing up for Rocket Money.What Services Does Rocket Money Work With?. ![]() Rocket Money’s Budget & Financial Tracking Review.Rocket Money Review: Its Features Explained.7 Things to Know Before Signing up for Rocket Money.
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