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

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Rocket Money and Trim are free services that track your expenses, help you cancel unwanted subscriptions, and negotiate your inflated bills. Both help you spend less and get your finances in order, but each has some key unique features.

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I recently had to send a fax.

Instead of getting in my car to find a store where I could print and fax my forms, I signed up for a free month of a service that would let me send faxes online.

One month later I checked my transactions and saw I had a $10 charge from that faxing service because I forgot to cancel it. Worse, there was no way to cancel online. I had to call and beg for my money back.

We’ve all been there. You sign up for a free trial, promising yourself you’ll cancel it before you get charged, and even set a reminder on your phone to cancel on time.

Then six months later, you’re looking at your credit card statement and realize you’ve been paying for that “free trial” for the last five months. You might get the same feeling when you notice your cable bill doubled and the reason is that your “introductory offer” expired.

Fortunately, there’s a way you can easily see your subscriptions and bills so you can avoid these types of surprises. There are two personal finance assistants that can do just that.

Rocket Money and Trim are free services that track your expenses and help you cancel unwanted subscriptions and negotiate inflated bills.

What is Rocket Money?

Rocket Money is an app that can cancel unwanted subscriptions and lower your bills. It tracks your transactions and compiles a list of recurring bills, how much you pay, and when they’re debited from your account, giving you a complete snapshot of your monthly expenses.

Free Price Premium features offered at $3 to $12/month.
DollarSprout Rating Saves money with minimal effort

Rocket Money is a personal finance app that monitors and cancels subscriptions, negotiates bills on your behalf, tracks and categorizes your spending, and automates saving to help reach your goals. Once you download the app, connect your bank accounts and credit cards and Rocket Money will go to work analyzing your finances. The app is free to download and use, but premium features come with a price.

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  • Free to download and use
  • Intuitive, easy-to-use interface
  • Tracks and automates savings goals
  • Saves money with little to no effort
  • Uses bank-level security and 256-bit encryption


  • Have to connect to your bank accounts
  • Takes a 40% cut of your savings
  • Free version comes with in-app advertisements

From there, you have the option to cancel unwanted subscriptions yourself, have Rocket Money cancel them for you, or negotiate lower payments on phone, cable, and internet bills.

The app can also help you make a budget, automate your savings, and negotiate the lowest rate on cable, phone, security, and other bills. It even claims it can get you refunds when your internet is down.

With over 8,000 Rocket Money reviews in the iOS App Store, reviewers praise the app for its user-friendly interface. They say it’s helped them organize their finances, and they actually save money using it.

Critical reviews have mostly been about Rocket Money’s negotiation service. Multiple reviewers reported Rocket Money negotiators downgraded their service to lower their bill which the app’s terms of service strictly forbid.

Related: How to Cancel Subscriptions and Save Money on Autopilot with Rocket Money

What is Trim?

Trim is similar in that you connect your accounts and it analyzes your spending to find recurring subscriptions. But Trim isn’t an app. It’s a free financial “assistant” that communicates with you via Facebook Messenger or text.

Free Price Fees vary for premium features
DollarSprout Rating 4.5 out of 5 stars

Trim is a financial service that helps you negotiate bills, find and cancel subscriptions, and look for better deals on things you already pay for. The free plan also comes with monthly spending reports and some budgeting capabilities. Premium services such as bill negotiation and automated savings come with fees.

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  • Free to sign up
  • Negotiates bills on your behalf
  • Helps cancel unwanted subscriptions
  • Can get credits for cable and internet during power outages
  • Cash back offers help you save money when shopping
  • Convenient communication through Facebook Messenger


  • No mobile app
  • Must link your financial accounts
  • Bill negotiation takes 33% of your yearly savings

The service can help you cancel subscriptions, negotiate your cable, internet, and phone bills up to 30%, find better car insurance, lower interest on credit cards, and get you refunds for cable and internet outages.

Since Trim doesn’t have an app, there are no ratings. However, several Reddit users reported Trim was able to save them money on their bills.[1] Others reported negotiators signing them up for a bundle or longer contract to lower their bill.

Rocket Money vs. Trim

These financial management services both help you spend less and get your finances in order, but they do have some key differences.


Rocket Money and Trim are both free to sign up for and link your accounts. Bill negotiation is also free, but both charge a percentage of your first 12 months of savings. Rocket Money charges 40% while Trim charges 33%. These services continually monitor and negotiate linked service provider accounts, and you must manually opt-out.

Rocket Money vs. Trim Free Plans
  Rocket Money Trim
Finds subscriptions and recurring bills x x
Monthly spending reports x  
Limited budgeting capabilities x  
Bill cancellation   x
Spending analysis and budgeting tools   x
Personalized text alerts and reminders   x

Rocket Money has a suite of premium services starting at $4.99 per month or $35.99 for an annual subscription ($2.99 per month). It includes a premium chat service, bank account balance syncing, subscription cancellations, custom categories for organizing expenses, unlimited budgets, and its Smart Savings automated savings fund.

While bill cancellation is included only in Rocket Money’s paid service, Trim offers it for free. Both charge a $2 per month maintenance fee on their savings accounts, unless you’re a Rocket Money Premium member; then it waives the fee.

Trim’s Debt Payoff Program is $10 per month. It partners you with a Financial Coach that can negotiate lower interest rates for your credit cards, advise on your individual financial plan, and help you build a budget.

Rocket Money vs. Trim Paid Plans
  Rocket Money  Trim
Negotiates bills x x
Savings account feature x x
Cancel subscriptions x x
Full budgeting capabilities x  
Refunds on overdrafts and late fees x  
Debt payoff program   x


The Rocket Money app is available on iOS and Android. Trim’s personal finance dashboard is available online, and its financial assistant communicates with you via text or Facebook Messenger.


Both Rocket Money and Trim use Plaid to connect to over 15,000 financial institutions nationwide.

You can pay your bills in Rocket Money using its online bill pay feature, and premium users can submit requests for overdraft and late fee refunds on your behalf. Trim users can get credits from their cable and internet providers for outages.

Trim’s automated savings account, Simple Savings, has a 1.5% annual interest rate. Rocket Money’s Smart Savings fund is non-interest bearing.

Rocket Money vs. Trim Unique Features
Rocket Money Trim
Free iOS and Android app No need to download an app
Alerts via app notifications Alerts via text or Facebook Messenger
Offers bill pay services Interest-bearing savings account
Can get refunds for bank fees Can get cable outage credits

Rocket Money and Trim Alternatives

Looking for something a little simpler or with more features? There are several alternatives to meet your needs.


Billshark is an app similar to Rocket Money. It tracks your bills and can negotiate them down for you. If it’s successful, Billshark charges 40% of your annualized savings. If you choose to break up those payments, Billshark will take 50% of your savings.

Billshark can also cancel unwanted subscriptions. Unlike Rocket Money and Trim, Billshark charges no additional fee for paid personal finance features.

Clarity Money

Clarity Money tracks your spending, uncovers unwanted subscriptions, and organizes your financial life. It’s completely free to use, and there are no paid services. Clarity Money actually uses Billshark to cancel subscriptions.

The app is owned by Goldman Sachs, so you can open and maintain a high-yield Marcus Online Savings Account through the app at no extra cost.


The Hiatus app tracks your bills and other financial information to make sure the rates you’re paying are competitive. It’ll negotiate bills for 50% of the annualized savings and has a premium service similar to Rocket Money’s.

Related: 16 Best Money-Saving Apps to Help You Reach Your Savings Goals

Rocket Money vs. Trim FAQs

Still hesitant about signing for Trim or Rocket Money? Both services go to great lengths to be transparent about security.

Are Trim and Rocket Money safe?

Both passive income apps use industry-standard safety precautions. They feature bank-level 256-bit encryption and host their servers using Amazon Web Services (AWS), the same hosting service used by NASA and the Department of Defense.

Both use Plaid to access your banking information so they never see or store your banking credentials. Trim also uses two-factor authentication.

Does Trim or Rocket Money sell my information?

Neither Trim nor Rocket Money sell your information or use it without your permission.

Can I negotiate bills by myself instead of using Trim or Rocket Money?

You can absolutely negotiate your own bills, and it’s not that hard. It just takes time to call and stay on hold while you wait for a customer service rep.

If you’re not sure what to say, Ramit Sethi, author of I Will Teach You to be Rich, has a script you can use when negotiating with a variety of service providers.

Related: Advice from 3 People Who Use Trim to Save Hundreds

Using Trim or Rocket Money Could Save You Money

Trim and Rocket Money can both help you save money, especially if you’re uncomfortable talking to service providers on the phone.

Trim is best suited for someone who doesn’t want to download another app or prefers to use their computer to manage their finances. It can also be better if you tend to have frequent cable or internet outages.

Rocket Money is great if you want the same thing in an app and combines the features of multiple personal finance apps into one.

Jen Smith

Hi, I'm Jen! As a best-selling Amazon author writing about minimalism, spending less, and making more money, my work has been featured in U.S. News and World Report, Yahoo Finance, Money Magazine, and The Wall Street Journal. In 2017 my husband and I finished paying off $78,000 of debt and that's what I help others do here.

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