Jeremy Biberdorf
By: Jeremy Biberdorf
Aug 06, 2023

Rocket Money Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
Aug 06, 2023


Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Rocket Money Logo


4.6 rating based on 5 ratings


In a nutshell: Rocket Money is a financial management tool that offers a unique blend of services to help users manage their personal finances. It was formerly known as Truebill before being acquired by Rocket Companies in August 2022. With both free and premium options, individuals can efficiently monitor recurring charges, track subscriptions, and even utilize the app’s concierge service to negotiate better rates on various bills.

What sets Rocket Money apart is its multifaceted approach to finance, giving users the ability to not only keep an eye on subscriptions and bills but also to cancel them when necessary. Additional features like credit score tracking and budget creation enhance the app’s appeal. While some services are available for free, the premium membership opens up a broader range of tools, with costs ranging from $3 to $12 per month or $36 annually.

Rocket Money’s goal-oriented approach is designed to save users money and provide valuable insights into spending patterns, reinforcing its position as a great tool for securing financial well-being.

In this Rocket Money review, we’ll take a look at what this tool offers. We’ll explore the features, see how it can make managing money easy, and figure out if it’s the right fit for you.

Service TypeFees
Financial Management ToolVariable
Pros & Cons
  • Manages subscriptions
  • Tracks spending
  • Automates savings
  • Multiple other free services
  • Offer a 7-day trial for the Premium
  • Requires sensitive financial info
  • Bill negotiation costs 40% of savings

What Is Rocket Money? website


Rocket Money is a personal finance app centered on managing bills and subscriptions. With its headquarters in Silver Spring, Maryland, and offices in San Francisco, California, the company offers a straightforward approach to tracking, analyzing, and adjusting a monthly budget to align with financial objectives.

It has been recorded that at the beginning of the year, Rocket Money has assisted over 2 million users in saving more than $100 million and canceling over 1 million unnecessary subscriptions. The app’s clear focus on providing practical financial solutions has made it a trusted tool for individuals aiming to understand and control their spending. Whether used for basic budgeting needs or more complex financial planning, Rocket Money has established itself as a valuable resource in the personal finance industry.

External Rocket Money Reviews & Ratings

Trustpilot4.6 from 3,960 reviews
Dollar Sprout4.5
Google Play4.4 from 46,676 votes
Apple App Store4.3 from 54,380 reviews

Here are some reviews from traders who have experienced the platform firsthand:

“I just love how it keeps track of everything all it takes is a few key strokes to check out what you need to know about your spending and what bills are due.”
“I am really loving this app as it clearly shows me where I am spending my money, helps me know which bills are coming up, offers services to lower bills and cancel subscriptions which have been extremely beneficial for me. The part I love the most are the automatic transfers into savings accounts I have sent up and I have been able to save more than ever before! The next aspect I want to explore is the budget. Such a great program with helpful and responsive customer service!”
“I’m always a little hesitant to sign up for money organizing apps but I’ve been overwhelmed trying to organize everything myself and chose rocket money because I like the subscription tracking it offers. I’ve been extremely happy with how the customer service reps have been so patient and incredibly supportive as I navigated the app as I set it up and work so well together to help me fix the little issues so that if one rep has to take over the focus is never lost. It was generally a smooth process! Very happy with RM!!”
“Rocket Money’s beautiful, intuitive, and insightful dashboard makes integrated financial visibility a dream come true!
I’ve used a dozen or so personal finance apps and none of them is as easy, accessible, or fun to use as Rocket Money.
What I love most is that account integrations (linking financial institutions via plaid) is FREE. If I am looking for a personal finance app I am looking to SAVE money not spend it on another subscription. VERY appreciative that Rocket has decided to put their other features behind a paywall and not what should be the bread and butter of any free tier.
THANKS FOR AN AMAZING USER EXPERIENCE! My personal finance management just got a whole lot easier and more fun!”

How Rocket Money Works

Rocket Money is designed to help users control their spending habits, subscriptions, and recurring payments. If you want to use the app, you’ll need to download the app first and create an account, after which you’ll link your bank and credit card accounts, which allows Rocket Money’s system to examine your spending habits, monitor subscriptions, and recurring payments.

You need to provide some of your financial details to get started with Rocket Money. Understandably, providing sensitive financial details such as your checking account login might give you a little concern, but rest assured that Rocket Money, in collaboration with Plaid, employs high-grade 256-bit encryption for data security – the same level used by banks.

Upon successful setup, you can use your smartphone to access Rocket Money’s range of services. These include viewing spending insights, managing, and canceling subscriptions. While many services are available for free, accessing certain premium features may require a subscription or a fee. Regardless, the peace of mind and financial control that Rocket Money offers are well worth the commitment. Give the app a try by clicking on this link.

Rocket Money Products

Rocket Money offers two primary products: the app itself and the Truecard credit card, each tailored to assist with personal finance management.

Let’s have a look at what the tool offers:

Subscription Management

With Rocket Money, you can easily identify and track your subscriptions. The app compiles these, and you can see upcoming payments to help avoid unnecessary late fees or overdrafts. If you opt for the Premium membership, Rocket Money can even cancel subscriptions on your behalf.

Spending Insights

By connecting the app to your accounts, you get insights into your top spending categories. You’ll also receive notifications for upcoming charges or low balances, assisting you in avoiding overdrafts and late fees.

Bill Negotiation

Rocket Money can scan your bills to find possible savings, and professional negotiators can work on your behalf to secure better rates.


Tools for budgeting give you control and oversight over your financial planning.

Autopilot Savings

The Rocket Money app allows for automated savings, offering real-time alerts for credit score changes as well as identity theft protection. Smart savings deposits with Rocket Money are securely held in an individual’s personal account, managed by their banking partner, which is an FDIC-insured bank account.

Net Worth Tracking

The app also provides a bird’s-eye view of your finances, helping you grow and track your net worth.

Rocket Money’s blend of free and Premium features sets it apart from the competition, offering you a tailored experience for managing your money. Its user-friendly interface and innovative tools make it a wise choice for anyone looking to get a firmer grasp of their financial well-being.

Rocket Money Packages

Rocket Money has a free tier and a Premium membership. Both options are designed with the user’s savings in mind, but the Premium plan offers a more expansive and hands-on approach.

Free Features: This option provides a solid foundation for those looking to keep an eye on their finance without additional costs.

  • Subscription management
  • Spending insights
  • Budgeting capabilities

Premium Membership

Going a step further, the Premium membership enhances your financial management experience by including everything from the free tier and adding:

  • Concierge Cancellations: A convenient service that takes care of canceling unwanted subscriptions.
  • Prioritized Customer Service: Get your queries addressed quickly with priority support.
  • Unlimited Budgets & Custom Categories: Tailor your budgeting strategy to fit your unique needs.
  • Smart Savings Accounts & Real-Time Balance Syncing: Manage your savings more efficiently and stay up to date with your financial status.
  • Credit Tracking & Reports: Monitor your credit health with comprehensive reports.
  • Pay Advances: Access pay advances as needed.

It’s important to note that if you should utilize Rocket Money to negotiate lower prices for your bills, the company will take a 40% share of the money saved.

Rocket Money appears well-suited to assist in achieving financial wellness. Its straightforward and user-friendly approach makes it a commendable choice for those looking to enhance their financial management.

Try Out the 7-Day Free Premium Trial.

If you’re considering trying the Premium option but not sure if you’re ready to commit, Rocket Money offers a 7-day free trial of the Premium subscription. It’s a chance for you to experience all the additional features without any obligation.

During this free trial week, you can explore everything the Rocket Money Premium subscription has to offer. From concierge cancellations to custom budget categories, you have full access to try it all out. If you decide it’s not for you, you can easily switch back to the free version at the end of the trial. But if you find it’s exactly what you’ve been looking for, upgrading to the full Premium package is a straightforward process.

Why not take advantage of this opportunity? It’s free for seven days and a great way to see if the Premium features align with your financial goals and needs. Give it a try and see if it’s the right fit for you.

How Safe Is Rocket Money?

When evaluating the safety of Rocket Money, concerns around the protection of sensitive financial information naturally arise. But the app seems to understand these concerns, putting considerable measures in place to secure user data.

Rocket Money employs bank-level encryption, a robust security protocol, to shield personal information. This encryption method is often used by financial institutions, enhancing confidence in the app’s safety measures.

Further augmenting security, Rocket Money has formed a partnership with Plaid, a well-regarded service for handling online banking credentials. This collaboration ensures that user data is never stored on Rocket Money’s own servers, an added layer that reinforces trust.

As an incentive to maintain a strong security posture, the company even offers a bounty to anyone who identifies and documents security issues within its products. This proactive stance on finding vulnerabilities not only demonstrates a commitment to security but also builds a community-centric approach to protecting user information.

Is It Easy to Use?

Rocket Money is a personal finance app that won’t have you scratching your head. Its design is refreshingly simple, and it’s all very intuitive. You don’t have to be tech-savvy to get around this app.

The navigation tools are straightforward, with clear icons, buttons, and links. There’s nothing overly complex or flashy here – just a clean, easy-to-understand layout that makes managing your finances easy. Whether you’re a seasoned budgeter or just starting to take control of your money, Rocket Money makes the process comfortable and hassle-free.

Rocket Money Card

Rocket Money has a cool thing going on with their Rocket Visa card for homeownership. The Rocket Visa Signature® Card isn’t just a card; it’s a tool made with homeowners in mind.

Here’s How It Works:

1. Just Tap or Swipe:

2. This isn’t just any old card. With the Rocket Visa Signature® Card, you can earn rewards on everyday stuff like filling up the tank or grabbing groceries. Tap or swipe, and those points will start building up. It’s as easy as that.

3. Make Smart Moves with Your Money:

4. As those rewards grow, you’ve got Rocket Money’s app to help you make sense of it all. You can see where your money’s going, set goals for saving, and even keep an eye on your credit score. It’s all there, right in the app.

5. Reach Your Home Goals Faster:

6. Whether you’re working on paying off your mortgage or dreaming about a new place with Rocket Mortgage, those rewards can help you get there. Redeem them to save on your home goals and watch your homeownership dreams come to life a little bit faster.

Rocket Money Customer Reviews

When you glance over at Trustpilot, you’ll see that Rocket Money is quite the crowd-pleaser. Boasting a rating of 4.6 stars out of 5 and having been reviewed by over 3,957 users, it’s clear this tool is doing everything right. It isn’t just a passing trend – Rocket Money is seriously impressing folks. Users aren’t holding back their praise for the excellent service, quick customer team response, negotiation feature, and efficient interactions. From the slick features and user-friendly interface to the fair pricing, it’s getting thumbs up across the board. The verdict is in, and it’s overwhelmingly positive: Rocket Money’s services are top-notch, and users can’t get enough. Now that’s something to write home about!

Rocket Money Review – Final Thoughts

Rocket Money has established itself as a reliable and user-friendly financial tool in personal finance. With features ranging from subscription management and negotiation service to insightful spending analysis, it’s like a handy guide to your finances.

People are talking positively about Rocket Money, and it’s not hard to see why. A solid 4.6-star rating on Trustpilot is proof of satisfied customers. The positive comments about excellent service, quick response times, and fair pricing resonate across the board.

Security concerns are well-addressed, too. Rocket Money uses top-notch encryption to keep your data safe. You can be confident that your information is in good hands.

The free and premium options offer flexibility, allowing you to choose what’s right for your budget and needs. Whether you’re new to budgeting or looking to gain more control over your finances, Rocket Money has something for you.

In a world where personal finance can sometimes feel overwhelming, Rocket Money simplifies the process. It’s a tool that’s doing everything right and making financial management accessible to all. It’s worth giving it a look, and it just might become your go-to app for all things money-related. It’s that straightforward. Click this link to get started.

Frequently Asked Questions

To begin with,  you need to link your bank accounts and credit cards to Rocket Money. This action allows the software to effectively analyze your transactions.

Rocket Money can advocate on your behalf, negotiating with your internet, cable, cell phone, security, and other service providers to secure better rates on your current plans.

There are several ways to contact the customer support team at Rocket Money. One can initiate a chat through the Rocket Money mobile app or website while logged into their account. If logging in is not possible or they don’t have an account, an email can be sent to the team for assistance.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.