Rocket Money Review (2026): Can It Actually Save You Money?

If you’ve ever been overcharged or signed up for a subscription you forgot to cancel, you’re not alone.

Those small charges can add up quickly, especially when they go unnoticed month after month. In some cases, these forgotten charges can add up to hundreds of dollars a year.

Keeping track of your spending isn’t always easy, and many people don’t realize how much they’re actually paying for recurring bills and subscriptions.

That’s exactly why we decided to start using Rocket Money ourselves to see if it can actually help us take control of our finances.

In this review, we’ll break down how Rocket Money works, what features stood out during our testing, and whether it’s actually worth using to save money.

Disclosure: This post may contain affiliate links. We (Kelan and Brittany) have tested Rocket Money and only recommend tools we believe provide value.

Key Takeaways: Rocket Money Review

Before you dive in, here’s a quick overview:

• Formerly Truebill
• Free & premium plans
• Tracks spending & subscriptions
• Includes budgeting tools
• Bill negotiation feature
• Bank-level security
• Free 7-day trial

How We Tested Rocket Money

We tested Rocket Money by connecting our accounts, tracking subscriptions, and using features like bill negotiation and budgeting tools over time.

To test how well it works, we focused on a few key areas:

• Core features:
  How well the app tracks spending, subscriptions, and gives a clear overview of your finances.
• Account setup & syncing:
  How easy it was to connect accounts and keep everything updated automatically.
• Subscription tracking & savings tools:
  Whether it accurately identified recurring charges and helped reduce monthly expenses.
• Pricing & value:
  What you get with the free version vs Premium, and whether the paid features are worth it.
• Security:
  The level of protection used when connecting financial accounts, including encryption and secure connections.
• Ease of use: How simple the app is to navigate and use on a day-to-day basis.

What Does Rocket Money Do?

Rocket Money helps you manage your finances by giving you a clearer picture of where your money is going each month.

One of its core features is the budgeting tool, which allows you to track your spending and stay within your limits—making it easier to avoid lifestyle inflation over time.

Beyond budgeting, Rocket Money also focuses on helping you reduce expenses. It can identify recurring subscriptions, highlight unnecessary charges, and even negotiate certain bills on your behalf.

For users who want a more hands-off approach to live a frugal lifestyle and manage finances, these features can make it easier to take control of your finances and save money without constantly managing every detail.

Get Refunds On Fees & Outages

Rocket Money scans your transactions for charges like overdraft fees or late fees and may help you request refunds.

It can also track outages from providers like internet or cable services and attempt to get compensation when your service is disrupted.

For example, if your internet goes down for a full day, Rocket Money can contact the provider and request a partial refund on your behalf.

Manage & Cancel Subscriptions

Many people don’t realize how much they’re actually spending on subscriptions each month.

According to recent data, the average American spends around $219/month on subscriptions—but estimates only $86, a significant gap between perception and reality.

Rocket Money can help you keep track of your subscriptions and even cancel subscriptions on your behalf.

In our test, Rocket Money identified 6 subscriptions totaling $89/month—including one we hadn’t used in over 3 months.

It’s a simple way to see exactly where your money is going and cut out anything you don’t need. You can decide which subscriptions you want to keep and which ones to cancel.

Bill Negotiation Section 

For subscriptions or bills you want to keep, Rocket Money may be able to negotiate a lower rate on your behalf. This includes services like cable, internet, or phone bills.

Recently, we used Rocket Money’s negotiation feature on our internet bill and were able to lower it by $15/month.

If successful, Rocket Money takes a percentage of the savings but only if they actually reduce your bill.

Rocket Money Plans

Rocket Money has a free version and a premium upgrade, but not all features are included in both.

The Rocket Money Premium costs anywhere between $7 – $14 per month- it’s a pay-what-you-can model, which I love.

Feature	Free	Premium
Cost	$0	$7–$14/month (choose your price)
Subscription Tracking	✔️ View	✔️ View + cancel for you
Budgeting	Basic	Unlimited + more control
Account Syncing	Standard	Real-time
Bill Negotiation	✔️ (fee if you save)	✔️
Credit Score Access	Basic score	Full report
Net Worth Tracking	❌	✔️
Savings Tools	❌	✔️ Automated
Account Sharing	❌	✔️

3 Steps To Lower Your Bills

Rocket Money is a free service at first.

You have to sign up for the Rocket Money premium membership and pay a monthly fee to get more significant savings.

Rocket Money charges a “savings fee” of 40% for every dollar from the subscription services Rocket Money can lower. You aren’t charged if Rocket Money’s bill negotiation is unable to save you money.

So, for example- saving $100 for you, the Rocket Money cost is $40.

Here’s how premium users can quickly get Rocket Money to save on bills:

1. Select Your Provider

Start by choosing the bill you want Rocket Money to negotiate, such as your internet, cable, or phone provider.

Rocket Money supports many major providers, and if yours isn’t listed, you can request to have it added.

2. Connect Your Bill(s)

Next, you’ll securely connect your billing account so Rocket Money can review your current rates and charges.

This can usually be done by logging into your provider or uploading a recent bill.

Connecting our account took around 3 minutes. We logged in through our provider, and while it worked on the first try, it did require entering our credentials manually.

If Rocket Money saves you money, they charge a one-time success fee to your credit card, aka the 40% charge from the subscriptions it successfully negotiated that I mentioned earlier.

3. Let Rocket Money Start Negotiating

Once connected, Rocket Money will analyze your bill and attempt to negotiate a lower rate on your behalf.

If they’re successful, Rocket Money charges a one-time fee based on a percentage of your savings. You won’t pay anything if they don’t reduce your bill.

We uploaded our internet bill and let Rocket Money handle the negotiation. A few days later, they came back with a lower rate—saving us about $15/month without changing our plan. 

Budget & Tracking

 

Rocket Money’s budgeting and tracking tools give you a clear view of your spending in one place.

When we connected our accounts, the dashboard showed our total monthly spending along with a simple category breakdown. 

This made it easy to quickly spot where most of our money was going without digging through individual transactions.

The app automatically organizes your purchases, so you can scroll through and review everything in one feed. 

We noticed a few recurring charges we hadn’t been paying attention to, which made it easier to cut back right away.

You can also create custom budgets if you want more control.

• Free users can create up to two budgets
• Premium users can create multiple budgets

Rocket Money also includes monthly reports, which help you see spending trends over time rather than just a single snapshot.

Rocket Money Premium Services

Rocket Money Premium includes several features designed to help you save money and automate your finances.

While the free version covers basic tracking, Premium unlocks tools that can actively reduce your monthly expenses.

Here are the most valuable premium features:

Bill Negotiation

Rocket Money can negotiate certain bills—like internet or cable—on your behalf to try and get you a lower rate.

Instead of calling providers yourself, you can submit your bill through the app and let Rocket Money handle the process.

In our experience, this is one of the most valuable features since even small reductions in monthly bills can add up over time.

Cancellation Concierge

With Premium, Rocket Money can cancel subscriptions for you.

Rather than contacting companies individually, you can request cancellations directly through the app, which is especially helpful for services that make it difficult to cancel.

This can save time and remove the friction that often keeps people from canceling subscriptions in the first place. 

It also makes it easier to stay on top of recurring charges and avoid paying for services you no longer use.

Unlimited Budgets With Custom Categories

This feature allows you to track as many budgets as possible without any additional fees from Rocket Money. You can create budgets for anything, including food, entertainment, and travel.

For example, you might want to create a budget for your weekly food expenses. You can limit how much you want to spend on groceries, and Rocket Money tracks spending habits and alerts you if you go over budget.

Rocket Money also lets you create custom categories in budgets to help you organize your finances. Custom categories are beneficial if you have a lot of expenses and want to track them by category.

Premium Alerts

Premium users also get access to alerts for things like low balances, upcoming bills, and unusual spending.

These notifications can help you avoid overdraft fees and stay on top of your finances.

Most users will get the most value from Rocket Money Premium if they plan to use the bill negotiation or subscription cancellation features—since these can directly lower your monthly expenses.

If you’re mainly looking to track spending, the free version may be enough. But if you want a more hands-off way to cut costs, Premium is where Rocket Money really stands out.

Smart Savings Feature

Rocket Money’s Financial Goals feature—previously known as Smart Savings—is designed to help you save money more consistently by automating the process.

Within this feature, you can choose between two options: Smart Savings or Custom Savings, depending on how hands-on you want to be.

👉 Try Rocket Money and set up your first savings goal!

Smart Savings

Smart Savings automatically transfers small amounts of money into savings based on your checking account balance.

Instead of moving a fixed amount, Rocket Money adjusts transfers every few days, making it a more flexible way to save without impacting your day-to-day spending.

You can also choose how aggressive you want your savings to be, with options like Comfy, Moderate, or Aggressive, depending on your goals.

Custom Savings

If you prefer more control, Custom Savings allows you to set a target amount you want to save each month.

Rocket Money will then make smaller, frequent transfers that add up to roughly your monthly goal, helping you stay consistent without needing to manually move money.

This can be useful for things like saving for holidays, travel, or other planned expenses.

Rocket Money Reviews

Want another point of view on using Rocket Money? Never hesitate to look up other Rocket Money reviews and how it ranks with others.

Trustpilot is my go-to review site to check out what people are saying- and so far, over 4,000 users have great things to say about Rocket Money.

It has a 4.6 out of 5 star rating, with 89% of Rocket Money reviews having 5 stars. That’s solid!

While the reviews are generally positive, our experience matched this—especially when it came to identifying subscriptions and simplifying spending.

Who Rocket Money Might Not Be the Best Fit

Rocket Money isn’t the best fit for everyone. Here are a few situations where it may not be the right choice: 

People Who Prefer Highly Detailed Budgeting Tools

If you like to track every expense in detail or prefer a more hands-on budgeting approach, Rocket Money’s simplified system may feel more streamlined than what you’re used to.

It’s designed to give you a quick overview of your finances rather than a highly customized, line-by-line budgeting experience.

Users Who Don’t Want to Pay a Fee

Rocket Money’s bill negotiation feature comes with a success fee, which can be up to 35% to 60% of your first year of savings.

If you’d rather negotiate bills yourself and keep 100% of the savings, this may not be worth it.

Anyone With Few Subscriptions or Bills

If you only have a couple of recurring expenses, you may not get much value from Rocket Money’s subscription tracking or cancellation features.

In that case, the free version—or no app at all—might be enough.

People Who Prefer Not to Link Financial Accounts

Rocket Money works by connecting to your bank accounts and billing providers so it can track spending and identify opportunities to save.

While the platform uses secure, bank-level encryption, some users may prefer not to link their financial accounts and instead manage everything manually.

Compare Rocket Money vs YNAB vs Empower

Here’s a quick side-by-side comparison to help you decide which tool is the best fit for your needs:

Feature	Rocket Money	YNAB	Empower
Best for	Lowering monthly expenses	Budgeting	Investing
Ease of use	Easy	Moderate	Easy
Budgeting style	Simple	Detailed	Basic
Subscription tracking	Yes	Limited	Limited
Bill negotiation	Yes	No	No
Investment tracking	No	No	Yes

Rocket Money vs Empower

Rocket Money and Empower (formerly Personal Capital) are both designed to help you manage your finances, but they focus on very different areas.

Rocket Money is built to help you reduce everyday expenses. It focuses on tracking subscriptions, monitoring spending, and lowering bills through features like bill negotiation and subscription cancellation.

Empower, on the other hand, is more focused on long-term financial planning. It’s designed to track your net worth, investments, and retirement accounts, making it a better fit for users who want a complete picture of their overall financial health.

If your goal is to cut monthly costs and simplify your finances, Rocket Money is the better fit. If you’re more focused on tracking investments and planning for the future, Empower may be a better option.

Overall, Rocket Money is better for managing day-to-day spending, while Empower is better for tracking investments and long-term finances.

Rocket Money vs YNAB

Rocket Money and YNAB (You Need a Budget) are both designed to help you manage your money, but they take very different approaches.

Rocket Money focuses on simplicity and automation. It helps you track spending, monitor subscriptions, and lower your bills with minimal effort.

Features like bill negotiation and subscription cancellation make it a good option if your goal is to reduce monthly expenses without spending a lot of time managing your finances.

YNAB, on the other hand, is built around a hands-on budgeting system. It requires you to assign every dollar a job and actively manage your spending. While it offers more control and customization, it also comes with a steeper learning curve and requires more ongoing effort.

If you’re looking for a simple, low-maintenance way to track your finances and cut costs, Rocket Money is likely the better fit.

If you prefer a more structured, detailed approach to budgeting and don’t mind being more involved, YNAB may be a better choice.

FAQs

Is Rocket Money safe to use?

Yes, Rocket Money is a safe and secure way to manage your finances.

This personal finance app uses the Plaid service to connect with different financial institutions and encrypt your data with bank-level security to ensure that your information is safe.

Who would benefit from Rocket Money?

Rocket Money is an excellent tool for anyone who wants to lower their monthly bills.

If you’re looking for a simple way to keep track of your budget, detect potential savings, and lower bills, Rocket Money is a great option.

How much can I save with Rocket Money?

You may be wondering, “Can Rocket Money save me money?”

Rocket Money says they can save you an average of $180 per year. However, your savings will depend on your specific financial situation.

Is Rocket Money Worth It?

Rocket Money is worth it if you want a simple way to track spending and reduce monthly expenses.

The free version works well for basic tracking, but the premium features—like bill negotiation and subscription cancellation—offer the most value for saving money.

Is Rocket Money Worth It?

Rocket Money is a solid option for anyone looking to simplify their finances and cut back on unnecessary expenses each month on their road to financial freedom!

It’s especially useful if you have multiple subscriptions or recurring bills and want an easier way to track spending and find opportunities to save.

The premium features—like bill negotiation and subscription cancellation—are where the app really stands out, offering a more hands-off approach to lowering your monthly costs and help manage your finances.

While it may not be the best fit for users who prefer detailed, hands-on budgeting, it works well for those who want a straightforward way to stay on top of their finances without a lot of effort.

👉 See how much you could save with Rocket Money TODAY!