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The bottom line: Rocket Money is featured in our best budgeting apps guide. While the Rocket Money app is free, there is a subscription fee if you want to use Premium features, like concierge services or premium chat.
Rocket Money Get started On Rocket Money's websiteFree to create a budget. Subscription fee applies to premium services.
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Connect all your bank accounts, credit cards, and investment accounts to track spending
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Create a budget
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Bill negotiation feature
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free plan available
- con icon Two crossed lines that form an 'X'. Limited features available with free plan
- con icon Two crossed lines that form an 'X'. Limited customer support availability
Rocket Money is featured in our best budgeting apps guide. While the Rocket Money app is free, there is a subscription fee if you want to use Premium features, like concierge services or premium chat.
Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.Pros and Cons
| Pros | Cons |
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Why it stands out: Rocket Money is a great option if you prioritize a budgeting app that helps reduce your spending. Rocket Money has features that let you track your spending on the bank account and create a budget.
The app's standout feature is Bill Negotiation. You'll upload a copy of your bill, and Rocket Money will determine whether you can get the same service with the company for a lower price. If you select the Premium plan, Rocket Money may also help you get refunds on bank fees.
Pricing: Rocket Money has two plans. When you download the app, you'll have free access to track accounts or create a budget. If you would like to utilize Premium features, you'll have to pay a subscription fee. The Premium plan subscription is $47.99/annually, $59.99 annually, or $4 to $12 per month. You'll pay what you think is fair by moving your finger through a sliding scale.
When comparing the prices of other budgeting apps, Rocket Money serves as a middle-of-the-road option. Some budgeting apps, like Simplifi, do not offer a free plan. However, Rocket Money's free plan features might not be as robust as other free budgeting apps.
Look out for: Rocket Money's Bill Negotiation feature requires you to pay a percentage (you may choose any amount from 30% to 60%) of whatever it will save you for the year. If you plan to change your internet, cable, phone, or wireless provider in the next year, you could end up losing money.
Rocket Money Get started On Rocket Money's websiteFree to create a budget. Subscription fee applies to premium services.
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Connect all your bank accounts, credit cards, and investment accounts to track spending
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Create a budget
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Bill negotiation feature
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free plan available
- con icon Two crossed lines that form an 'X'. Limited features available with free plan
- con icon Two crossed lines that form an 'X'. Limited customer support availability
Rocket Money is featured in our best budgeting apps guide. While the Rocket Money app is free, there is a subscription fee if you want to use Premium features, like concierge services or premium chat.
Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.What is Rocket Money?
Rocket Money is a budgeting app by Rocket Companies that analyzes your bills and spending habits. While Rocket Money is a free mobile app, access to certain features will depend on which plan you have. Here's an overview of the two plans:
| Free plan | Premium plan |
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If you have questions about the mobile app, there's an FAQ section on the Rocket Money website. You may also send questions through email or the app's chat feature. Requests will be answered between 9 a.m. to 5 p.m. ET on weekdays.
The mobile app is rated 4.3 out of 5 stars in the Google Play store and 4.4 out of 5 stars in the Apple store.
Is Rocket Money Trustworthy?
We include ratings from the Better Business Bureau to evaluate how companies address customer issues and handle transparency.
Rocket Money has a B rating due to a high volume of customer complaints. Rocket Money hasn't been involved in any recent public controversies.
How Rocket Money comparesRocket Money
Quicken Simplifi
Rocket Money vs. Quicken Simplifli
If you're searching for a free budgeting tool, you'll likely prefer Rocket Money over Quicken Simplifi. Rocket Money has a free plan that lets you track spending and create a budget. With Quicken Simplifi, there's only a 30-day free trial. If you decide you want to keep using Quicken Simplifi after the first 30 days, you'll have to pay a subscription fee.
Your decision may also come down to which features you prioritize most in a budgeting app.
Quicken Simplifi might be a more appealing option if you're looking for a budgeting app that provides a comprehensive overview of your finances through charts and data. You'll get monthly reports that examine your spending, income, net income, savings, and shopping refunds.
You may favor Rocket Money if you want to reduce your spending or utilize a service that helps negotiate bills. Simplifi is more focused on budgeting.
Rocket Money Get started On Rocket Money's websiteFree to create a budget. Subscription fee applies to premium services.
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Connect all your bank accounts, credit cards, and investment accounts to track spending
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Create a budget
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Bill negotiation feature
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free plan available
- con icon Two crossed lines that form an 'X'. Limited features available with free plan
- con icon Two crossed lines that form an 'X'. Limited customer support availability
Rocket Money is featured in our best budgeting apps guide. While the Rocket Money app is free, there is a subscription fee if you want to use Premium features, like concierge services or premium chat.
Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.Frequently Asked Questions
Is the Rocket Money app legit? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Yes, Rock Money is a legitimate budgeting app by Rocket Companies. The mobile app is available on the Google Play store and Apple store.
Is the Rocket Money app safe? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Yes, Rocket Money is safe. It has 256-bit encryption to store data and is partnered with Plaid to securely link your accounts. Rocket Money won't be able to make changes to your accounts, and you have the option to unlink accounts.
Is TrueBill now Rocket Money? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Yes, Rocket Money was previously known as TrueBill. In June 2022, TrueBill announced it would be changing its name to Rocket Money to better represent the app and its services. It should also be noted that Truebill had become a part of Rocket Companies in December 2021.
Does the Rocket Money App cost money? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Rocket Money is a free app. However, if you decide to get the Premium plan, you'll have to pay a fee once your 7-day free trial ends. You'll get to choose how much you pay per month through a sliding scale. Pay what you think is fair (anywhere from about $4 per month to $12 per month).
Sophia Acevedo, CEPF Banking Reporter Sophia Acevedo is a banking reporter at Business Insider. Sophia joined Business Insider in July 2021. She writes bank reviews, banking guides, and banking and savings articles for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).Sophia is an alumna of California State University Fullerton where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email .Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>Below are links to some of her most popular stories:Read more Read less Top Offers From Our PartnersncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonyxsdGspqeZnGKzqrrAp5qeZ6KksKyx02akqKaVrnqivM9mqZ6umZrE
