Managing finances can feel overwhelming, especially when juggling multiple subscriptions, fluctuating bills, and unexpected expenses. That’s where Rocket Money comes in. Formerly known as Truebill, Rocket Money is a personal finance app designed to help users take control of their spending, track subscriptions, and even lower recurring bills. But does it actually work? In this review, we’ll take an in-depth look at Rocket Money’s features, pricing, and overall effectiveness to determine if it’s worth using in 2025.
What Is Rocket Money?
Rocket Money is a financial management app that provides users with tools to track expenses, cancel unused subscriptions, negotiate bills, and monitor credit scores. Acquired by Rocket Companies in 2021, the app has evolved into an all-in-one money management platform.
Key Features of Rocket Money
1. Subscription Management
One of Rocket Money’s standout features is its ability to track and manage subscriptions. It automatically detects recurring charges and allows users to cancel unwanted subscriptions with a single tap, potentially saving hundreds of dollars annually.
2. Bill Negotiation
Rocket Money offers a unique bill negotiation service where the app’s team attempts to lower users’ bills for services like cable, internet, and phone plans. If successful, the app takes a percentage of the savings as a fee.
3. Budgeting Tools
Users can set up personalized budgets and track spending across different categories. Rocket Money provides insights into spending habits, helping users cut unnecessary expenses and stick to financial goals.
4. Smart Savings
Rocket Money offers an automated savings feature that transfers small amounts of money into a savings account based on spending habits. Users can adjust the frequency and amount to align with their financial goals.
5. Credit Score Monitoring
The app includes free credit score tracking, helping users stay on top of their credit health with real-time updates and recommendations for improvement.
How Much Does Rocket Money Cost?
Rocket Money offers both a free and a premium version.
- Free Plan: Includes basic expense tracking, subscription management, and spending insights.
- Premium Plan: Priced between $3 to $12 per month (user-chosen), it includes advanced features like bill negotiation, custom budgeting, smart savings, and premium support.
Does Rocket Money Actually Save You Money?
Rocket Money’s effectiveness depends on individual financial habits. Users who frequently forget about subscriptions or need help negotiating lower bills may find significant savings. However, those who actively track finances manually might not see as much value in the app’s automation.
User Experience & Feedback
Rocket Money has received mostly positive reviews, with users praising its ability to uncover hidden subscriptions and save money on bills. However, some users have reported frustration with the bill negotiation fees and occasional difficulty canceling services.
How Does Rocket Money Compare to Other Budgeting Apps?
Rocket Money stands out among budgeting apps due to its combination of bill negotiation and subscription tracking, features that many competitors lack. While apps like YNAB focus more on zero-based budgeting, and others like Empower offer investment tracking, Rocket Money’s core strength lies in its ability to reduce unnecessary spending through automation and insights.
Unlike some competitors that require manual input for budgeting, Rocket Money automates much of the process, making it a strong choice for users who prefer a hands-off approach to managing their finances.
Rocket Money stands out due to its bill negotiation and subscription tracking features, which many competitors do not offer.
Pros & Cons
✅ Pros:
- Easy-to-use interface with automatic subscription tracking.
- Bill negotiation service can result in real savings.
- Smart savings feature helps users build an emergency fund effortlessly.
- Customizable budgeting tools for better financial planning.
- Free credit score monitoring included.
❌ Cons:
- Bill negotiation fees can take a percentage of savings.
- Premium pricing is higher than some alternatives.
- Some users report issues with subscription cancellations.
- No investment tracking feature.
Final Verdict: Is Rocket Money Worth It in 2025?
Rocket Money is a solid choice for users looking to optimize their spending, cut down on unnecessary expenses, and automate their savings. While the free version is useful for tracking subscriptions and expenses, the premium version is ideal for those who want bill negotiation services and deeper financial insights.
If you often forget about subscriptions or struggle with managing bills, Rocket Money can save you money and simplify financial management. However, if you prefer manually tracking expenses, you might not find as much value in the paid version.
Who Should Use Rocket Money?
- People with multiple subscriptions looking to cut unnecessary costs.
- Those who want help negotiating lower bills.
- Users who prefer automated budgeting and savings tools.
For anyone looking for a hands-off approach to financial management, Rocket Money is one of the best tools available in 2025.