FAQs
Does Rocket Money really work? ›
Yes, Rock Money is a legitimate budgeting app by Rocket Companies. The mobile app is available on the Google Play store and Apple store.
Can Rocket Money actually lower bills? ›Another premium Rocket Money feature is its bill negotiation service. Rocket Money works with most major cell phone, cable, and home security providers, and it can contact these providers to negotiate lower rates on your behalf.
Is there something better than Rocket Money? ›PocketGuard. PocketGuard is straightforward to use. Its free version offers basic budgeting features, and its paid version provides additional features like unlimited savings goals, longer transaction histories and debt payoff planning (a feature that sets it apart from Rocket Money).
What is the Rocket Money controversy? ›The complaint alleges that the manipulative design of Rocket Money's interface and its misleading representations to consumers are unfair, deceptive, and abusive practices under the Dodd-Frank Act.
Does Rocket Money affect your credit score? ›Checking your credit score within the Rocket Money app is a soft inquiry. This type of inquiry has no impact on your credit score and is not reported to any of the credit bureaus.
Is Rocket dollar worth it? ›While it isn't free, it makes sense for a wide variety of use casJB - no affes and investment goals. Rocket Dollar lets you invest in alternative assets with a self-directed IRA and solo 401(k). It's incredibly flexible and even lets you bring your own deal. However, fees can be higher than some competitors.
Is monarch better than rocket money? ›Bottom line: If you're willing to pay for a budgeting app, Monarch Money could be great -- but if you need something free (and want credit score monitoring and bill negotiation), Rocket Money might be the better fit.
How does Rocket Money know what subscriptions I have? ›Rocket Money uses advanced algorithms to analyze your transactions and automatically identify your subscriptions and bills. If you are missing subscriptions, first make sure that you have linked the account that you pay the subscription with to Rocket Money.
Does Rocket Money cancel subscriptions for free? ›Does Rocket Money cancel subscriptions for free? Rocket Money's free version only shows you your subscriptions -- it won't cancel them for you. To access this service, you'll need to pay $4 to $12 per month for the paid version. You choose your amount, and you'll enjoy the same features however much you pay.
What is better, Mint or rocket money? ›After several weeks of trying out these apps, my choice to replace Mint is Rocket Money. Both PocketGuard and Rocket Money felt like comparable substitutions for Mint, but I found Rocket's interface cleaner and easier to use, and I'm a fan of its sliding pricing scale.
What is the number one budget app? ›
App | Cost | Best for |
---|---|---|
Empower | Free | A complete view of finances |
Simplifi | $47.88 billed annually | Quicken users |
Goodbudget | $10 monthly or $80 annually | The digital envelope system |
EveryDollar | $12.99 monthly or $79.99 annually | First-time budgeters |
Deciding the better app for you depends on what you want out of a budgeting app. Quicken Simplifi is a great budgeting app that is easy to use to manage your spending. But if you need a little more help saving money and cutting your expenses, Rocket Money's premium plan may be the better choice.
Is Rocket Money worth paying for? ›The Bottom Line
Rocket Money is an all-purpose app for budgeting and managing your personal finances. It's only worth using if you opt for the oddly-priced Premium version, however.
Learn about them here! At Rocket Money, we're committed to fostering your financial prosperity. We're a free service to use and/or download, but our users are able to opt into optional features that we provide at a cost.
Why is Rocket Money taking my Money? ›While Rocket Money is a free app, there are several optional paid services and features that could result in a charge or transfer appearing on your bank or credit card statement: Smart Savings Deposits: These are not charges, but deposits into a Smart Savings account that's tied to your Rocket Money account.
What is the monthly fee for Rocket Money? ›At Rocket Money, we offer flexible pricing options for our Premium Membership to ensure it fits within your budget. The membership is available from $4 to $5 per month when billed annually ($48 or $60 in total) or $6 to $12 per month when billed monthly.
Does Rocket Money take Money out of your account? ›By agreeing to this Agreement, you authorize Rocket Money to electronically debit your Bank Account via ACH as follows: Amount of Debits: As determined by Rocket Money, subscription fees for services provided as part of our Bill Negotiation, Premium Services, or as specified as part of your savings plans.
How safe are apps like Rocket Money? ›Rocket Money allows users to create a budget that monitors spending automatically, separates transactions into spending categories, sends notifications about upcoming charges or a low balance, and more. The app also offers bank-level security with 256-bit encryption to keep your personal data safe.
Is it hard to cancel Rocket Money? ›You'll see how much you'll save per year by canceling the subscription, which you can do by selecting “Cancel for me.” Enter that subscription's login information and click cancel. Rocket Money will end your subscription, even communicating by email, phone call, or snail mail on your behalf. It's that simple.