Rocket Money Review for 2026

If you are looking for a comprehensive finance tool, Rocket Money (formerly Truebill) may be the right choice. This all-in-one platform allows you to manage your finances with ease.

You can use Rocket Money to track your expenses, find discounts on bills, and even cancel unwanted subscriptions.

Rocket Money Overview

Rocket Money is a financial management app that helps users track their spending, monitor their bank accounts, and cancel unwanted subscriptions. The app is free to download and available for iOS and Android devices. 

The company was founded in 2015 as Truebill. Rocket Companies acquired the business in December 2021, and the product was rebranded to Rocket Money in 2022.

Today, Rocket Money has over 10 million members and says it has helped users save more than $2.5 billion. The app is available on mobile and web.

How Rocket Money Works

When you first sign up for the app, you need to link your bank account or credit card. Once your account is linked, Rocket Money will begin tracking your spending and providing insights into your finances. 

Rocket Money then analyzes your spending patterns and provides customized recommendations on how to save money. The app is free to use, but some features, including the bill negotiation service, are locked behind a paywall. 

The Premium version is where the platform truly shines, unlocking real-time syncing, budgeting tools, Financial Goals, net worth tracking, credit score tracking, and subscription cancellations handled on your behalf.

Users can also set up recurring payments and track spending across multiple accounts. Overall, Rocket Money is a helpful tool for anyone looking to take control of their finances.

Main Features 

The service will review your spending habits and work to save money in several ways. Here’s a look at some of the key features that make this app stand out:

• Managing subscriptions: Rocket Money keeps track of your subscriptions and even cancels unwanted ones. This is a great way to save extra money every month and stop paying for things you no longer need. While the free version helps you track subscriptions, only Premium users can use the auto-cancel feature.
• Bill negotiation: One of the best ways to save money is by negotiating lower bills. The app will review your bills and look for opportunities to save money. Then, it will negotiate on your behalf to get a lower amount. Rocket Money then helps you find better rates for car insurance and other services. However, the platform charges a success fee of 35%-60% of the total first-year savings, which may significantly reduce the benefit for some users.
• Spending insights: The app reviews your spending habits and provides valuable insights. Seeing where you spend the most can push you to make changes and save money each month easily. Some users have noted that while the spending insights are helpful, they lack in-depth reporting or customization compared to other budgeting tools.

Rocket Money connects to your bank accounts to identify your spending patterns and top spending categories. It also sends notifications about upcoming bills so you can pay them on time and avoid late payment fees.

• Budgeting: Rocket Money can help you create a budget and stick to it. The app tracks your income and expenses to see where your money goes each month. You can also set alerts to tell you when you are close to reaching your budget limits.
• Autopilot Savings: Rocket Money helps you save money without thinking about it. Rocket Money’s Autopilot Savings is a neat feature that automatically transfers money into your savings account at your desired savings frequency. This is a great way to start building up your savings without thinking about it. Also, all Rocket Money deposits are FDIC insured, meaning your money is always safe.
• Credit scores: ne of the great things about Rocket Money is that it can help you improve your credit score. It provides access to your complete credit report and tracks any changes. Rocket Money says it pulls your credit report and score from Experian and uses the FICO 2 model.

In addition, Rocket Money will notify you of any changes to your credit report. The app monitors your account for any suspicious activity and alerts you if there’s anything to worry about.

Whether you’re looking to save money or simply stay organized, Rocket Money is a great option. With its easy-to-use interface and helpful features, it’s no wonder many people use it to manage their finances.

Pricing Details

Rocket Money is a free app, but there are some premium features you can get with a subscription.

What’s great about this platform is that it allows users to choose how much they want to pay monthly.

Rocket Money describes Premium as a “pay what you think is fair” membership.

Pricing can vary by platform, but Premium is typically offered in the $7 to $14 per month range, and new Premium members get a 7-day free trial.

Premium features are only accessible if you pay for Premium. With a Rocket Money Premium plan, users get all of the features that come with the free app, plus a few extras. These include things like:

• Real-time balance syncing
• Concierge services
• Premium chat
• Unlimited budgets
• Custom categories
• Financial Goals
• Net worth tracking
• Credit reports

If you’re looking for the most comprehensive financial tool possible, the premium plan is worth considering.

Remember that premium subscriptions renew automatically, so you’ll need to cancel if you decide you no longer want the service.

The cancellation process is pretty straightforward, and you can cancel your subscription anytime without incurring fees. Depending on where you live, sales tax may be added to the Premium membership cost.

If you’re interested in bill negotiation, you should know that this service is charged separately, even if you opt for the Premium plan.

When submitting your request for this service, choose any percentage ranging from 35% to 60% of the amount you’ll save during the first year of your subscription, provided that the bill negotiation is successful.

This amount will be charged as a success fee. The fee may offset your total savings, and many users have noted that the same negotiation results can sometimes be achieved manually without the success fee.

Safety and Security

Anytime you give your financial information to an online service, you’re taking a risk. That's why it's crucial to do your research before signing up for anything.

Rocket Money uses bank-level security measures to protect your data. All of your personal information is encrypted and stored on secure servers.

The app uses bank-level 256-bit encryption. Additionally, Rocket Money will never sell your information to third parties. So, you can rest assured that your data is safe.

The company also uses Plaid, one of the most popular and trusted financial data providers, to connect to your bank accounts.

This means your credentials are never stored on the company's servers, and Rocket Money has no access to them.

For some connections, such as Fidelity, Rocket Money also says it works with Akoya. For credit score monitoring, it says it works with Experian.

Customer Support & User Satisfaction

If you ever have questions or need help with the app, Rocket Money has a customer support team that won’t disappoint you. You can reach them via the online contact form.

The support hours are from Monday to Friday, 9 a.m. to 8 p.m. EST.

If you have a premium subscription, you can use the Premium Chat feature from your app or request assistance from a concierge.

When it comes to customer testimonials, Rocket Money has a solid reputation, holding a 3.2/5 rating on Truspilot, with the majority of positive reviews praising its budgeting usefuleness, while negative ones mostly have to do with billing disputes.

Final Verdict

All in all, Rocket Money is a fantastic tool for those looking to save money and stay on top of their finances.

The platform offers multiple features that make it an excellent choice for managing your budget, including the ability to track your spending, set up goals, and find ways to save money. 

While there is a fee for some of the features, the free version offers enough options to make it a valuable app. So, if you need a little help getting your finances in order, Rocket Money is definitely worth checking out.