Rocket Money Review 2024: Here’s What $4/Month Gets You

Advertiser Disclosure

Our readers always come first

The content on DollarSprout includes links to our advertising partners. When you read our content and click on one of our partners’ links, and then decide to complete an offer — whether it’s downloading an app, opening an account, or some other action — we may earn a commission from that advertiser, at no extra cost to you.

Our ultimate goal is to educate and inform, not lure you into signing up for certain offers. Compensation from our partners may impact what products we cover and where they appear on the site, but does not have any impact on the objectivity of our reviews or advice.

At its core, Rocket Money is designed to help ordinary people better track, save, and invest their money. Here's how to determine if its right for you.

Our mission at DollarSprout is to help readers improve their financial lives, and we regularly partner with companies that share that same vision. If a purchase or signup is made through one of our Partners’ links, we may receive compensation for the referral. Learn more here.

Rocket Money Fast Facts
Founded 2015 (originally as Truebill; renamed to Rocket Money in 2022)
Platforms iOS, Android, and Web
Pricing Free version; Premium $4 to $12/month
Features Subscription management, budgeting tools, bill negotiation services, automatic savings
Security Bank-level encryption and privacy measures for over 5 million users
User Rating 4.2 stars on the App Store (64k reviews), 4.3 stars on Google Play (55k reviews)
Our Rating 4.5 stars (see methodology
Best For Individuals who would benefit from a bird’s-eye view of their finances, people with numerous subscriptions, and those who will likely benefit from their bill negotiation feature.  

Congratulations, you’ve landed on a real  Rocket Money review from a real user. 

Not one of the regurgitated reviews you see from the big brands who claim to — but clearly never have — used the actual product.

Let me start by affirming a few things: 

  • I’m a paying Premium Member who actually uses the service.
  • We receive a small commission if you try Rocket Money using one of our links.
  • Rocket Money has no input as to what is written in this review: good, bad, or ugly.

Now that that is out of the way, let’s begin.

At $4 to $12 per month for Premium Features, not everyone will benefit from paying for more than the Free version of Rocket Money. But reality suggests that nearly all of us have hundreds of dollars in cumulative spending each year that could be cleaned up if we actually knew about it.

Here are the important things you’ll want to know about Rocket Money so you can determine whether or not it’s a good fit for you.

What Is Rocket Money?

rocket money account dashboard

Most simply, Rocket Money is a personal finance app that provides tools for budgeting, subscription management, bill negotiation, and automatic savings.

Originally launched as Truebill, the app was acquired by Rocket Companies, known for its flagship business Quicken Loans, in 2021, and rebranded to Rocket Money the following year. The app has over 5 million members for whom Rocket Money has collectively saved over $1 billion.[1

What We Like About Rocket Money

In a unique twist of fate, I stumbled upon a Zig Ziglar quote that I felt summarized Rocket Money’s approach to selling their service. (Unique because they have a different Ziglar quote embedded directly on their user dashboard). 

If you believe your product or service can fulfill a true need, it’s your moral obligation to sell it.

This approach is reflected in the first pro of Rocket Money that I believe provides a valuable user experience:

What We Dislike About Rocket Money

Like any financial app, Rocket Money isn’t perfect. Here are the cons and things that otherwise bothered us about that platform.

Main Features

For a closer look at these features and to hear about my experience with each, toggle through the tabs below. 

Spending InsightsManage SubscriptionsBudgetingSmart SavingsBill NegotiationCredit ScoresNet Worth

Spending Insights

Acts as the main dashboard and is a comprehensive analysis of your spending habits. By categorizing your transactions into various categories such as groceries, entertainment, and utilities, it allows you to see exactly where your money is going each month.

Manage Subscriptions

Rocket Money’s Manage Subscriptions feature simplifies the process of tracking and managing your recurring expenses. By analyzing your bank and credit card transactions, the app identifies all your active subscriptions, such as streaming services, gym memberships, and software subscriptions.


Rocket Money’s Budgeting feature mimics the workings of most popular budget apps on the market and allows you to create and manage personalized budgets based on your financial goals. You can allocate specific amounts to different spending categories, such as groceries, entertainment, and utilities.

Smart Savings

Smart Savings helps you build your savings effortlessly by automating the process. By analyzing your spending habits and cash flow, the app determines safe amounts to transfer into designated spending buckets or sinking funds, which are FDIC-insured through its partnership with NBKC.

Bill Negotiation

When Rocket Money launched as Truebill in 2015, it was effectively a bill negotiation app that aimed to lower your monthly expenses by negotiating with service providers on your behalf. While their focus has since broadened, they’re still happy to analyze your bills for services like cable, internet, and phone, identify opportunities for savings, and contact the providers to secure lower rates.

Credit Scores

Rocket Money’s Credit Scores feature provides you with easy access to your credit score and detailed credit report. By regularly updating your credit information, the app helps you monitor changes and identify factors that may be impacting your score.

Net Worth

Rocket Money’s Net Worth feature offers a comprehensive view of your overall financial health by calculating the total value of your assets minus your liabilities. The app aggregates data from your bank accounts, investments, debts, and other financial holdings to provide an up-to-date snapshot of your net worth.

Pricing Structure

Rocket Money offers flexible, affordable pricing plans in an effort to meet consumers at a price point they feel comfortable with. The platform provides both free trials and premium options, allowing users to choose the level of service that best fits their financial goals.

At sign-up, users must select a payment method that unlocks all the Rocket Money premium features, ensuring they get a true feel for the platform.

rocket money pricing fees

All new users receive a free 7-day trial Premium Membership, after which billing begins (unless the user cancels). 

  1. Annual Plans: Users can choose to pay $4 or $5 per month, billed upfront annually. These plans offer a cost-effective solution for long-term users who are committed to using Rocket Money for at least one year.
  2. Monthly Plans: For more flexibility, Rocket Money offers monthly subscription options ranging from $6 to $12 per month. These plans are billed monthly and provide users with the convenience of not having to commit to a full year upfront.

If a user cancels their Premium membership during the trial period, they’ll still be able to enjoy Premium features for the remaining balance of the 7 days, after which their account will revert to Free-only features. 

Note: To try Rocket Money in any capacity — even if only to use the free 7-day trial — users must enter a billing method. There is currently no way around this. 

What Users Say

To provide a balanced perspective, we’ve gathered both positive and negative experiences from other Rocket Money users.

Expand the images below to see verified product reviews from aggregated from the major app stores. 

Positive Sentiment 

positive third-party user reviews of rocket money

Negative Sentiment 

negative third party user reviews of rocket money

Alternatives to Rocket Money

If you’re hesitant about using Rocket Money and want to explore other options, here are four other popular money-saving apps, each offering unique features and pricing plans to help you achieve your financial goals.

Feature Rocket Money YNAB Empower Oportun EveryDollar
Free Trial 7-day free trial 34-day free trial None (free basic tools) 30-day free trial 14-day free trial
Cost $4-$12/month (varies) $14.99/month or $99/year Free tools; advisory fees up to 0.89% AUM $5/month $17.99/month or $79.99/year
Automatic Savings Yes No No Yes No
Expense Tracking Yes Yes Yes Yes Yes
Subscription Tracking Yes No Yes Yes No
Bill Negotiation Yes No No No No


YNAB (You Need A Budget) focuses on proactive budgeting and gives users a clear view of their finances by encouraging them to plan every dollar. The software is designed to help users break the paycheck-to-paycheck cycle and save more money.

Key features include real-time syncing, goal tracking, and detailed financial reporting; pricing starts at $14.99 per month or $98.99 per year with a 34-day free trial.


Empower (formerly Personal Capital) combines budgeting tools with robust investment tracking features. It’s geared towards users who want to manage both their day-to-day finances and long-term investments in one place.

Key features include budgeting and expense tracking, retirement and investment planning, net worth tracking, and access to financial advisors for personalized advice; pricing is free for basic tools, with advisory services commanding AUM-based fees. 


Oportun (formerly Digit) is designed to help users save money effortlessly by analyzing their spending habits and automatically setting aside small amounts of money for savings. It’s ideal for users who want to save without having to think about it constantly.

Key features include automated savings, personalized savings goals, overdraft prevention, and financial insights; pricing is $5 per month after a 30-day free trial.


EveryDollar is a budgeting app based on the zero-based budgeting method popularized by financial expert Dave Ramsey. It helps users allocate every dollar to a specific category, ensuring they stay on top of their finances.

Key features include a user-friendly interface, goal tracking, customizable budget categories, and bank account syncing for real-time updates; pricing is free for the basic version, with EveryDollar Premium at $79.99 per year.

The Bottom Line

Rocket Money’s full suite of features, combined with its affordable pricing, makes it a valuable tool for the average person to monitor their finances and potentially save money.

The app’s bill negotiation and subscription monitoring features offer practical ways to reduce expenses, but even if these services don’t result in direct savings, Rocket Money still provides an effective platform for gaining a better understanding of income and expenses.

Personally, I’ve found Rocket Money to be quite useful in uncovering forgotten subscriptions and negotiating lower bills, which has saved me hundreds of dollars. This enhanced financial awareness has helped me stay on top of my budget and make smarter financial decisions, making Rocket Money a worthwhile investment at the lowest price point for anyone looking to improve their financial health.

Related: Rocket Money vs. Trim: Which App Will Save You the Most?


Is Rocket Money safe to use?

Yes, Rocket Money is safe and legitimate to use. The app employs bank-level security measures, including 256-bit SSL encryption, to protect your data. Additionally, Rocket Money adheres to strict privacy policies and does not store your banking credentials, ensuring that your personal and financial information remains secure.

Can Rocket Money negotiate my bills for me?

Yes, Rocket Money offers a bill negotiation service. The app can help lower your bills by negotiating with service providers on your behalf. This feature aims to reduce your monthly expenses on services such as cable, internet, and phone bills.

How does Rocket Money track my subscriptions?

Rocket Money automatically tracks your subscriptions by analyzing your bank and credit card transactions. It uses Plaid, a secure service that connects financial apps to your bank accounts, to identify recurring payments and categorize them as subscriptions. This allows you to see all your active subscriptions in one place, helping you manage and cancel unwanted or forgotten subscriptions.

Does Rocket Money sync with my bank accounts?

Yes, Rocket Money syncs with your bank accounts. The app connects to thousands of financial institutions, enabling it to import and analyze your transactions in real time. Additionally, Rocket Money has partnered with NBKC to provide banking features associated with its Smart Savings feature, enhancing your ability to manage your finances. This synchronization helps you keep track of your spending, budget effectively, and monitor your financial health.

Is there a free trial available for Rocket Money?

Yes, Rocket Money offers a free 7-day trial. This trial allows you to access the premium features of the app and evaluate its effectiveness before committing to a subscription. If you decide not to continue, you can cancel before the trial period ends to avoid any charges.

Are there any hidden fees with Rocket Money?

No, there are no hidden fees with Rocket Money. The app is transparent about its pricing, and you will only be charged based on the subscription plan you choose. Additional services, such as bill negotiation, may involve a one-time fee or a percentage of the savings achieved, but these are clearly communicated upfront.


To evaluate a fintech app like Rocket Money, we used a comprehensive methodology focusing on several key categories critical to the user experience and financial management capabilities.

Ben Huber

Hi! I'm Ben. A personal finance nerd on a mission to help DollarSprout readers make and save more money. A quoted contributor for Business Insider,, Discover, Intuit, MSN, NBC News, Yahoo Finance and more, I work to help others live their financial best life.

Leave your comment

You May Also Like