Rocket Money vs Quicken 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
 

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When it comes to managing your finances, having the right tools can make all the difference. In this comprehensive comparison, I’ll take a close look at two popular financial management platforms: Rocket Money and Quicken.

While both offer valuable features, I’ll explore their strengths and weaknesses to help you make an informed choice. Continue reading my Rocket Money vs Quicken side-by-side comparison to learn all you need to know about the two popular financial tools.

For a more detailed analysis of each product check out our full reviews:

Rocket Money is Better for:Quicken is Better for:
User-friendly managementComprehensive financial software
Simplified bill trackingIdeal for personal and business finance
Concierge serviceExtensive customer support
Affordable pricing optionsFrequent promotions and discounts

Rocket Money vs Quicken: Your Introduction

Rocket Money: Increase Your Financial Well-Being

Rocket Money is a versatile financial management tool that caters to both basic budgeting and advanced financial planning. Formerly known as Truebill before being acquired by Rocket Companies in 2022, it offers a unique blend of services. Users can efficiently monitor recurring charges, track subscriptions, and even utilize the app’s concierge service to negotiate better rates on various bills.

Rocket Money’s multifaceted approach to finance sets it apart, giving users the ability not only to monitor 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 aims to save users money and provide valuable insights into spending patterns, reinforcing its position as a great tool for securing financial well-being​​.

For more information about Rocket Money, read my comprehensive review of the platform.

Quicken: Your Trusted Partner In Personal Finance

On the other hand, Quicken is a comprehensive financial management software renowned for its robust features and professional-grade setup. It’s favored by users with business accounting needs and those looking for in-depth financial management.

Quicken offers various versions to cater to different user requirements. Its feature set includes tools for budgeting, investment tracking, expense management, and more. Quicken provides flexibility and customization options, making it a powerful tool for managing both personal and business finances.

However, it may require a foundational understanding of accounting principles, making it more suitable for individuals with accounting experience​. The Quicken brand also includes financial app, Simplifi.

Read my Quicken review for a deeper dive.

Rocket Money logo Quicken
Type of Service Financial Management Tool Comprehensive Financial Software
Best Use Managing Bills, Subscriptions Personal and Business Finance
Customer Support Limited Support Options Extensive Customer Support
Modest Money Review Rocket Money Review Quicken Review
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Modest Money Overall Rating
4.3 rating based on 5 ratings
4.8 rating based on 5 ratings
Rocket Money logo
Type of Service Financial Management Tool
Best Use Managing Bills, Subscriptions
Customer Support Limited Support Options
Modest Money Review Rocket Money Review
Current Promotion

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Modest Money Overall Rating
4.3 rating based on 5 ratings
Quicken
Type of Service Comprehensive Financial Software
Best Use Personal and Business Finance
Customer Support Extensive Customer Support
Modest Money Review Quicken Review
Current Promotion

More Info

Get up to 40% OFF on Quicken Today!
Modest Money Overall Rating
4.8 rating based on 5 ratings

Factor 1: User Experience

  • Rocket Money wins with a user-friendly interface for personal finance.
  • Quicken offers a comprehensive setup but can be overwhelming.

Rocket Money’s user interface is designed to cater to individual users, simplifying the process of managing personal finances without requiring extensive financial knowledge. Its user-friendly dashboard and easy-to-navigate features empower users to track spending, investments, and savings goals effortlessly. Rocket Money excels in user-friendliness, making it the preferred choice for those seeking simplicity in managing their finances.

On the other hand, Quicken, while feature-rich and suitable for business use, demands a foundational understanding of accounting principles, potentially overwhelming personal finance users.

Its professional setup caters more to professionals, making it less intuitive for those without an accounting background. Quicken excels in business accounting requirements but falls short in user-friendliness for personal finance management.

Factor 2: Customer Support

  • Quicken excels with extensive customer support options.
  • Rocket Money has limited support, which might not meet all user needs.

Rocket Money’s customer support options are somewhat limited, which could be a drawback when users encounter problems or require assistance. The level of support may not meet all users’ needs.

Quicken stands out with its extensive customer support, guaranteeing timely assistance for users facing technical challenges or seeking financial guidance. The robust support system provided by Quicken ensures that users have access to resources that can address their concerns effectively.

Factor 3: Pricing

  • Quicken offers structured plans with annual billing, providing clear cost expectations.
  • Rocket Money has flexible pricing but includes additional fees for bill negotiation services.

Rocket Money vs Quicken: Pricing To Fit Your Budget

In comparing the pricing options of Rocket Money vs Quicken, both platforms cater to a diverse range of financial needs and preferences, offering both free and paid versions to accommodate different budgets.

Rocket Money offers a no-cost version that provides essential services, with the option to upgrade to premium features for those who need more advanced financial tools. The Premium Membership at Rocket Money typically ranges from $6-$12 per month, depending on the chosen features and platform.

For those considering the premium route, Rocket Money includes a 7-day free trial to test out the additional services before any charges apply. Another unique service from Rocket Money is the Bill Negotiation Service, where specialists attempt to reduce your bills by negotiating with service providers on your behalf.

The fee for this service is contingent upon success, costing between 30%-60% of the first year’s savings, with the percentage chosen by the user.

Check Rocket Money website to confirm current pricing and full terms.

Quicken, on the other hand, offers structured pricing across its various products, which are all billed annually. Here’s a breakdown of the average monthly cost for each plan:

  • Quicken Simplifi: $3.99 per month
  • Quicken Premier: $7.99 per month
  • Quicken Deluxe: $5.99 per month
  • Quicken Home & Business: $10.99 per month

Additionally, I’m excited to share an exclusive offer that allows you to save 50% off your membership costs for a limited time when you click on my link. This discount makes Quicken an even more attractive option for those seeking comprehensive financial management tools.

Check Quicken website to confirm current pricing and full terms.

Factor 4: Promotions

  • Quicken frequently provides promotions and discounts.
  • Rocket Money rarely offers special deals.

When it comes to promotions, Rocket Money does not typically offer special deals or discounts to its users.

In contrast, Quicken stands out by regularly providing promotional offers and deals, allowing users to access the software at reduced costs. These promotions, like my exclusive 50% off discount, can enhance the overall value of the Quicken experience, providing users with opportunities to save on their personal finance management software.

Factor 5: External Customer Reviews & Ratings

External Rocket Money Reviews & Ratings

SiteRating
Google Play4.4 from 46,676 votes
Apple App Store4.3 from 54,380 reviews
Wallstreetzen3.5
Moneywise3

External Quicken Reviews & Ratings

SiteRating
Best Wallet Hacks4.6 from 615 reviews
PC Magazine4.5
Top Ten Reviews4.5
Forbes4.1

Rocket Money vs Quicken: My Verdict

In conclusion, both Rocket Money and Quicken have their strengths and can be valuable tools for managing your finances. Rocket Money shines in user-friendliness, making it an excellent choice for individuals seeking simplicity and ease of use in personal finance management. However, its limited customer support options and lack of regular promotions may be drawbacks for some users.

On the other hand, Quicken excels in providing comprehensive financial management, making it suitable for both personal and business use. It offers extensive customer support and frequently provides promotions and discounts, enhancing its overall value. And for these reasons, Quicken takes the win against Rocket Money in overall scores – click here to get started with Quicken today.

Get up to 40% OFF on Quicken with our exclusive link for a limited time!

Learn More About Rocket Money

Learn More About Quicken


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.