Rocket Money
Rocket Money Pricing
Rocket Money offers flexible financial management solutions with both free and premium options to cater to different user needs.
The free version provides essential tools like account linking, subscription tracking, and spend management, ideal for users seeking basic financial oversight. For those looking for more advanced features, Rocket Money Premium offers additional services such as concierge-level subscription cancellations, bill negotiation, and net worth tracking.
With a customizable monthly fee ranging from $6 to $12, Premium users can also enjoy a 7-day free trial to explore the enhanced features.
This review dives into the pricing plans and features available to help you choose the best option for your financial goals.
Rocket Money Deals
Rocket Money Free Deals
Table of Contents
Rocket Money Pricing Review: Managing Your Finances with Flexibility
Rocket Money is a versatile financial management app designed to help users track their spending, manage subscriptions, and make smarter financial decisions. With its free and premium service options, Rocket Money caters to a wide range of users—from those just looking for a basic budgeting tool to those who need full-featured financial support. This pricing review will explore Rocket Money’s pricing structure, highlighting its free and premium plans, what’s included in each, and whether the premium features justify the additional cost.
Free Version of Rocket Money
Rocket Money offers a completely free version of its app, which is sufficient for users looking for basic financial tools. The free version focuses on providing key features that help you manage your finances effectively without the need for a paid subscription.
Key Features of Rocket Money Free:
- Account Linking: You can link multiple bank accounts, credit cards, savings, and investment accounts to Rocket Money. This feature allows you to view all your financial activities in one place, giving you a comprehensive snapshot of your finances.
- Balance Alerts: Rocket Money will notify you when your checking account falls below a certain threshold or when your credit card spending is high. These alerts help users stay on top of their spending and avoid overdraft fees or exceeding credit limits.
- Subscription Management: The app automatically identifies recurring subscriptions from your linked accounts, such as streaming services or gym memberships. This feature allows you to track what you’re paying for each month and monitor your subscription habits.
- Spend Tracking: By linking your accounts, Rocket Money offers insights into your spending trends. It tracks where your money is going each month, helping you identify areas where you can save or adjust your spending.
These core features of Rocket Money’s free version are ideal for users who need a simple way to manage their finances without diving into deeper tools or paying for advanced services. However, users looking for more control over their finances might find the premium version more appealing.
Rocket Money Premium: Is It Worth the Cost?
Rocket Money’s Premium Membership offers a range of additional features designed to streamline your financial management and provide more detailed insights into your financial health. Users can opt for Premium at a monthly price ranging from $6 to $12, depending on the platform and user preferences. What sets Rocket Money apart from other apps is the ability to choose your own price for Premium services, making it accessible to more users.
Rocket Money Premium comes with a 7-day free trial, allowing users to explore the premium features before committing to a paid plan. Here’s a closer look at what you get with Rocket Money Premium:
Key Features of Rocket Money Premium:
Concierge Services::
- Subscription Cancellation Assistant: Unlike the free version, where users manually manage subscriptions, Premium offers a concierge service to cancel unwanted subscriptions for you. With just a few taps, Rocket Money can automatically handle cancellations.
- Chat With an Expert: Rocket Money Premium provides access to financial experts who can assist with questions about your finances, the app, or financial strategy. This level of human support is a key difference between the free and premium versions.
Financial Tools::
- Smart Savings Account: Rocket Money allows you to open an FDIC-insured savings account. This account can be used to easily transfer funds from your checking account and help you meet your savings goals.
- Net Worth Tracking: Track your assets and liabilities in real-time to gain a comprehensive view of your overall financial health. This feature allows you to monitor the growth of your net worth over time.
Budgeting Features::
- Unlimited Budgets: Premium users can create unlimited budgets for personal, family, or business needs. This feature is particularly helpful for users who need to manage multiple categories, such as household expenses, travel, and entertainment.
- Transaction Management: Premium users can split transactions between different categories and leave notes on transactions. This is useful for detailed budgeting or when tracking large purchases.
- Account Sharing: Rocket Money Premium allows you to share your account with family members or financial advisors, offering more visibility into joint finances or when collaborating on financial planning.
- Real-time Syncing: Get updates on your account balances in real-time. This feature ensures that you always have an accurate view of your finances as Rocket Money syncs with your banking institution.
- Data Export: You can export transaction data for specific time periods. This is useful for tax preparation or in-depth financial analysis.
For users seeking more robust financial management tools, Rocket Money Premium provides significant value. The subscription cancellation service alone could save you time and money, and the concierge-level features offer personalized support that many free financial apps don’t provide.
Pricing for Rocket Money Premium
Rocket Money Premium gives users the flexibility to set their own price within a range of $6 to $12 per month. This pricing model is unique because it allows users to determine what they feel the service is worth based on their financial situation. You can adjust the price directly in the app, offering greater control over how much you spend on financial management.
Here’s how to adjust your Premium Membership price:
- Tap the Settings (⚙️) icon in the app.
- Select the Premium Membership tab.
- Use the slider to choose your preferred price point between $6 and $12.
- Confirm the change by tapping Update Subscription.
This pricing flexibility ensures that Rocket Money Premium remains accessible to a wide range of users, making it a compelling choice for those who want to avoid fixed monthly costs.
Free Trial and Subscription Cancellation
New users of Rocket Money Premium can enjoy a 7-day free trial to explore all the premium features. If, at the end of the trial, you decide the premium features are not for you, Rocket Money makes it easy to cancel.
To cancel your subscription:
- Tap the Settings (⚙️) icon in the app.
- Navigate to Premium Membership.
- Scroll down and select Manage Membership.
- Move the slider to $0/month and confirm by tapping Cancel Subscription.
The cancellation will take effect at the end of the current billing cycle, meaning you can continue using the Premium features until your subscription officially ends.
Bill Negotiation Service
In addition to its Premium Membership, Rocket Money also offers a Bill Negotiation Service, where specialists negotiate with service providers (such as internet or phone companies) to lower your bills. If they succeed, Rocket Money charges a fee of 35% to 60% of your first year’s savings.
You get to choose the percentage within this range. This service can be a huge time-saver for users who want to reduce monthly expenses without making phone calls or haggling with service providers.
Conclusion: Is Rocket Money Premium Right for You?
Rocket Money offers flexible and affordable pricing options for managing your personal finances. With its free version, users can enjoy basic budgeting and subscription management tools, making it a good option for anyone who wants to track their finances without spending money.
For those who need more advanced features, Rocket Money Premium offers powerful tools at a flexible price, giving you control over how much you pay.
The premium version’s concierge services, including the ability to cancel subscriptions with ease and negotiate bills, make it a standout choice for users who want to simplify financial tasks. Combined with real-time syncing, unlimited budgets, and data export features, Rocket Money Premium is a valuable tool for anyone looking to take full control of their finances.
Rocket Money’s basic service is free. Premium Membership ranges from $6 to $12 per month, depending on what price you set. Rocket Money also offers a 7-day free trial for new Premium users.
The basic version of Rocket Money is free to use, but the app also offers optional paid services, such as the Premium Membership and Bill Negotiation Service, which come at a cost.
For users who want a comprehensive financial management tool with features like concierge subscription cancellation, net worth tracking, and unlimited budgets, Rocket Money Premium offers excellent value for its flexible price point. The app’s ability to streamline your finances, save you money on subscriptions, and negotiate bills makes it worth considering.
Yes, Rocket Money has a free version that includes account linking, subscription management, and spend tracking. However, to access more advanced features like expert chat, cancellation services, and net worth tracking, you will need to subscribe to the Premium Membership.
You can cancel your Premium Membership directly in the app or on the website. Navigate to the Premium Membership tab in the settings, adjust your price slider to $0/month, and confirm the cancellation.
