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Is Rocket Money Worth It? (Quick Answer)
The honest answer in 2025: it depends on your financial habits and willingness to DIY.
Rocket Money can absolutely be worth the monthly fee if you fall into a specific category of users. If you have multiple streaming services, gym memberships, or app subscriptions you’ve forgotten about, the rocket money app can pay for itself quickly by surfacing those recurring charges. If you genuinely won’t pick up the phone to negotiate your internet or cell phone bill, paying someone to do it makes sense. And if you’ve been searching for a Mint replacement since its shutdown in March 2024, Rocket Money offers a similar all-in-one dashboard experience.
However, Rocket Money probably isn’t worth paying for if you’re already disciplined about reviewing your bank statements, comfortable calling customer service to negotiate existing bills, or if you prefer strict zero-based budgeting with granular control over every dollar. The current rocket money cost ranges from $6 to $12 per month for premium, and many of the most useful features—like concierge subscription cancellation, unlimited budgets, and advanced alerts—sit behind that paywall.
At a Glance:
Worth it if: You have forgotten subscriptions, hate negotiating bills, want an easy post-Mint dashboard
Skip it if: You already track everything, prefer DIY approaches, or want strict budgeting tools
Premium cost: $6–$12/month (sliding scale) with 7-day free trial
Key trade-off: Convenience comes at a price, and bill negotiation fees can be substantial (35–60% of first year’s savings)
What Is Rocket Money (and What Happened to Truebill)?
Rocket Money is a personal finance app that consolidates your subscriptions, bills, budgets, savings goals, credit monitoring, and net worth tracking into a single dashboard. It’s owned by Rocket Companies—the same parent company behind Rocket Mortgage, Rocket Loans, and Rocket Homes.
Here’s the quick brand history:
2015: Truebill launches as a subscription-focused tool helping users identify and cancel unwanted subscriptions
Late 2021: Rocket Companies acquires Truebill
August 2022: Full rebrand to Rocket Money, expanding beyond subscriptions into comprehensive budgeting
2024–2025: Positioned as an all-in-one money dashboard and popular Mint alternative
All former Truebill users were migrated to the new platform, and the subscription-cancellation feature that made the original app popular remains a flagship tool. The key difference now is that Rocket Money aims to be your complete financial life command center rather than just a subscription tracker.
How Does Rocket Money Work?
Getting started with Rocket Money takes under 10 minutes for most users. Here’s what the sign-up flow looks like in 2025:
Download the app from the Apple App Store or Google Play (or access via web browser)
Create an account with your email
Link your bank accounts, credit cards, loans, and investment accounts through Plaid
Wait for the app to auto-import your past transactions (typically the last 90 days or more)
Once your accounts are connected, you’ll see a home dashboard displaying your current balances, recent transactions, and upcoming bills. From there, you can navigate to separate tabs for budgets, subscriptions, savings goals, credit monitoring, and net worth tracking.
Most U.S. banks and major credit cards work seamlessly through Plaid, though some smaller credit unions may occasionally experience sync delays or require re-authentication. This isn’t unique to Rocket Money—it’s a common quirk across all Plaid-based budgeting apps.
The important distinction: the free version gives you aggregated views and basic spending insights, but most of the “hands-off help” like concierge subscription cancellation, advanced budgets, and premium support requires a paid subscription.
To learn more about how Rocket Money works, check out our Rocket Money review.
Core Features: What You Actually Get
This section breaks down each major Rocket Money feature and whether it meaningfully adds value beyond what you can do yourself. The goal is to help you determine if rocket money’s features justify the monthly fee for your specific situation.
Subscription Management
Rocket Money automatically monitors your linked accounts to identify recurring charges—streaming services, software subscriptions, gym memberships, app purchases, and more—and groups them on a dedicated subscriptions screen.
What it catches:
Free trials about to convert into paid plans
Price increases on services you forgot you had
Duplicate subscriptions (like multiple music services)
Unwanted subscriptions you’re paying for but never use
Free vs. premium:
Free users can view their subscription list and manually cancel subscriptions themselves
Premium users may access a concierge service that can cancel subscriptions on their behalf
Limitations to understand:
Some “hard-to-cancel” services (certain gyms requiring in-person visits or certified mail) may still require you to take action
Concierge processing can sometimes be slower than just doing it yourself
Not every subscription can be cancelled through the service
When this is worth it: If Rocket Money helps you cancel subscriptions and save money—say, $20 to $50 per month in forgotten charges—the premium subscription pays for itself quickly. If you already track your spending habits carefully and review statements monthly, this feature adds less value.
Use Rocket Money to find and cancel forgotten subscriptions you didn’t even know you were paying for.
Bill Negotiation
The bill negotiation service works by contacting your service providers (internet, cable, mobile, sometimes utilities) to negotiate lower rates or promotional pricing on your behalf.
How the fee structure works:
Rocket Money charges 35% to 60% of the first year’s savings
Example: If they negotiate $200 in annual savings, you might pay $70 to $120
Fees are typically charged upfront or in installments
The trade-off reality:
Convenient for people who absolutely won’t call providers themselves
You can often call yourself and keep 100% of the savings
Some negotiated deals may downgrade your service tier or add 1-year promo pricing that expires
Before accepting a negotiation result: Check exactly what was changed on your account. Sometimes “savings” come from service downgrades you didn’t want.
When bill negotiation is worth it:
Beneficial for busy users who genuinely never negotiate bills and have let rates creep up for years
Not ideal for those comfortable making a 15-minute phone call, or anyone on tight cash flow who doesn’t want large one-time fee charges
Budgeting Tools
Rocket Money builds a starter budget by analyzing your financial data:
Averages your recent income from detected paychecks
Auto-categorizes past transactions into spending categories (groceries, rent, dining, transportation, etc.)
Suggests category-level spending limits based on your spending patterns
Free plan limitations:
Basic budgets with standard budget categories
Limited customization options
Premium unlocks:
Create unlimited budgets
Custom categories and transaction rules
Advanced overspending alerts
The categorization reality: Automatic categorization is imperfect. You’ll find restaurant meals labeled as “groceries,” gas stations categorized as “shopping,” or Venmo payments in random categories. Users should routinely review and correct mis-labeled transactions to keep their budget accurate.
You can create manual rules (premium feature) so future transactions from specific merchants always land in the right category—but this requires upfront effort.
Budgeting style comparison: Rocket Money is more “monitor and adjust” than strict zero-based budgeting. If you want to assign every dollar a job before the month starts, tools like YNAB may suit you better. Rocket Money works well for casual budgeters who want visibility into their spending patterns without intense manual tracking.
Spending Insights and Alerts
The spending insights dashboard provides visual charts showing:
Total monthly spend vs. previous months
Top spending categories (where most of your money goes)
Top merchants (which stores and services get the most spend)
Income vs. expenses over various time periods (weekly, monthly, quarterly, yearly)
Alerts you can set up:
Large transaction notifications
Upcoming bill reminders
Low balance warnings
Category limit alerts (premium feature)
Practical benefits:
Catch potentially fraudulent activity quickly
Avoid overdrafts with low balance warnings
Identify spending “leaks” like repeated takeout orders or impulse purchases
These tools highlight issues but don’t automatically change your behavior. You still need to act on the information—the app just makes problems visible.
Automatic Savings and Financial Goals
The Financial Goals feature lets you set up automated saving toward specific targets:
Set a target amount (e.g., $1,000 emergency fund, $2,500 vacation)
Choose a deadline and contribution frequency (weekly or monthly)
Rocket Money automates transfers to a linked savings account
Many users connect to Rocket Money’s smart savings account, which may offer competitive APY rates through partner banks.
What you get vs. doing it yourself:
Visual progress bars toward each goal
Consolidated view with your budget and spending insights
Motivation from seeing multiple money goals in one place
You can achieve the same outcome by setting up automatic transfers directly with your bank. Rocket Money’s value here is convenience and visualization, not unique functionality.
Important checks:
Verify which institution holds your savings (should be FDIC-insured, often shown as member FDIC through a partner bank)
Confirm current APY rates, which can change
Understand transfer timing to avoid overdrafts
When automatic savings features are worth it: For users who never get around to setting up recurring transfers, this removes friction. Less valuable if you already automate saving through your checking account or employer.
Credit Score Monitoring
Rocket Money provides your credit score and credit report details (often via Experian data) with:
Historical score trends over time
Factor breakdowns (payment history, credit utilization, account age, etc.)
Alerts for score changes
What this helps with:
Tracking how your financial health evolves
Seeing how credit card balances and new accounts impact your score
Spotting potential errors that may need dispute
The reality check: Similar credit monitoring is available for free from Credit Karma, Experian’s own app, and many bank apps. This feature alone does not justify paying for Rocket Money premium.
One note: The app may surface offers for personal loans, credit cards, or other products from Rocket Companies. Evaluate any such offers separately and cautiously—they’re presented for business reasons, not necessarily because they’re the best option for your personal finances.
Credit score monitoring is a “nice-to-have” within one dashboard, not a core reason to subscribe.
Net Worth Tracker
Net worth tracking combines all your assets and liabilities into a single running graph:
Assets tracked:
Cash in checking and savings accounts
Investment and retirement accounts
Real estate (can be added manually or monitored automatically)
Other assets like vehicles or collectibles (manual entry)
Liabilities tracked:
Credit card balances
Student loans
Auto loans
Mortgages and personal loans
You can track all your assets and all your financial information in one place, watching your net worth trend over months and years.
Benefits:
Simple visual of long-term financial progress
Motivating to see debt fall and investments rise
Consolidated view of your complete financial picture
The DIY alternative: Computing net worth is straightforward in a spreadsheet. Rocket Money’s value is automation and convenience, not unique insight. If you update a simple spreadsheet quarterly anyway, this feature adds less.
Recommendation: Update manual asset values periodically (home values annually, vehicle values when relevant) to keep the picture realistic.
Account Linking and All-in-One View
Rocket Money uses Plaid to connect multiple accounts:
Checking and savings from various banks
Credit cards across issuers
Loans (auto, student, personal, mortgage)
Investment and retirement accounts
The main benefit: A single dashboard instead of logging into multiple bank accounts, brokerage apps, and loan servicers. You see all your finances in one consolidated view.
Setting expectations: Many competitors now offer similar linking capabilities, so this is table stakes for budgeting apps in 2025, not a unique differentiator. Occasional sync delays or re-authorization requirements happen across all Plaid-based apps.
This unified view is often what makes the app feel “worth it” to visual, big-picture budgeters who want to see their complete financial life without jumping between apps.
Check out Rocket Money to discover where your money is really going and start saving automatically.
How Much Does Rocket Money Cost in 2025?
The rocket money app is free to download on iOS, Android, and web. Here’s how the pricing breaks down:
Free Plan Includes:
Basic account linking and balance views
Limited budgets with standard categories
Simple subscription list (view only, no concierge cancellation)
Basic alerts and spending insights
Basic budgeting capabilities
Premium Membership Includes:
Unlimited budgets and custom categories
Advanced notifications and granular spending insights
Subscription cancellation concierge (where available)
Full Financial Goals automation with smart savings features
Complete credit and net worth tracking tools
Priority customer support
Additional features like transaction rules and same features across web and mobile
Premium Pricing:
Sliding scale: $6 to $12 per month (you choose what you pay)
Annual billing options available (starting around $7/month when paid yearly)
7-day free trial before commitment
Important: Set a reminder to cancel before the trial ends if you’re unsure about continuing.
Bill Negotiation Fees (Separate from Monthly Pricing):
35% to 60% of the first year’s savings
Charged upfront or in installments
Can result in substantial one-time charges
Read the bill negotiation agreement carefully before authorizing. Much does rocket money charge? For negotiation, it’s that percentage of savings—which can be significant if they negotiate large reductions.
Is Rocket Money Safe?
A common question: is rocket money safe to use with your banking credentials and financial information?
Security practices:
Uses Plaid for account connections—Rocket Money never sees or stores your actual bank login credentials
Employs bank-level AES-256-bit encryption for data at rest and in transit
Uses secure HTTPS connections with industry-standard security controls
Ongoing security monitoring and updates
Savings account protection:
Rocket Money’s smart savings account is held at partner banks that are FDIC-insured
Protection up to $250,000 per depositor, per institution, per ownership category
Verify the current partner bank name in-app for your records
What users should still do:
Use strong, unique passwords for your Rocket Money account
Enable device-level security (Face ID, fingerprint, PIN)
Know how to remotely wipe your phone if lost or stolen
Be cautious of phishing emails pretending to be from Rocket Money or Plaid
Perspective on complaints: Most negative feedback online involves bill negotiation fees, unexpected charges, or cancellation confusion—not security breaches or hacking. This is an important distinction between “safety” concerns and “satisfaction” issues. The app’s security infrastructure aligns with 2024–2025 industry standards.
Who Is Rocket Money Best For (and Who Should Probably Skip It)?
Rocket Money isn’t one-size-fits-all. It works exceptionally well for certain types of budgeters while adding minimal value for others.
Ideal users:
People transitioning from Mint (shutdown March 2024) who want a familiar, automated dashboard experience
Busy professionals with multiple cards, bank accounts, and subscriptions who rarely review statements
Users who avoid making customer service calls and would rather pay for bill negotiations or concierge cancellations
Beginners who want a simple, visual overview of their personal finances rather than complex spreadsheets
Anyone who wants to see all your finances in one place without logging into multiple apps
Who might not find it worth paying:
Advanced budgeters who love zero-based budgeting and detailed rule systems (YNAB or manual methods may work better)
Frugal users who don’t want to share account data with third-party apps
People disciplined enough to cancel subscriptions and negotiate bills themselves
Users already getting free credit monitoring from their bank or dedicated apps
Anyone who already tracks spending closely through their checking account app
Questions to ask yourself:
Do you routinely discover recurring charges you forgot about?
Have you procrastinated calling your cable, internet, or cell phone company for months or years?
Do you open your banking app daily already, or do statements go unreviewed?
Does the idea of managing money in a spreadsheet appeal to you or stress you out?
Would you benefit from seeing your financial health visualized in one dashboard?
Your answers determine whether the premium version delivers enough value to justify the monthly fee.
Join millions of users who’ve used Rocket Money to reduce bills and cut wasteful spending.
Is Rocket Money Worth It? Final Verdict
For many casual budgeters with subscription clutter, multiple accounts, and no existing system, Rocket Money premium at the lower end of the scale (around $6/month) can quickly pay for itself. The combination of subscription management, consolidated account views, and spending alerts surfaces problems you’d otherwise miss. If the app helps you cancel subscriptions even one or two $10+ subscriptions in your first month, you’ve already covered the cost.
For detail-oriented, DIY-inclined users who already track spending, negotiate their own bills, and maintain their own budgets, the free plan—or entirely different tools—may be a better fit. The premium features solve problems these users don’t have.
Key upsides worth remembering:
Easy consolidated view across all bank accounts, cards, loans, and investments
Strong subscription management that catches forgotten recurring charges
Hands-off convenience for users who won’t manage money manually
Solid security through Plaid integration and encryption
Competitive with other budgeting apps as a best budgeting app contender for visual learners
Key downsides to weigh:
Premium paywall locks the most useful features
Bill negotiation success fees (35–60% of first year’s savings) can be substantial
Auto-categorization still requires user review and correction
Not ideal for strict, zero-based budgeting enthusiasts
Recommended approach:
Try the 7-day free trial
Intentionally test subscription tools, alerts, and budgets for a full month
Track whether you actually save time and money
Decide if the value justifies your specific monthly fee
In the 2025 environment—post-Mint, with more competition among budgeting apps than ever—Rocket Money offers a compelling package for the right user. Whether it’s worth it ultimately depends on one thing: how actively you’ll engage with whichever tool you choose. The app can surface every problem, but you still have to act on what it finds.
FAQs
Rocket Money offers a free plan that lets you link accounts, view balances, track spending, and see a list of subscriptions. However, most hands-off features—like concierge subscription cancellation, advanced budgeting tools, and enhanced alerts—require a paid premium plan.
Premium users can request subscription cancellations through Rocket Money’s concierge service. Rocket Money contacts the provider on your behalf and attempts to cancel the service, saving you from calling or navigating cancellation policies yourself. Some subscriptions still require user action, especially those with in-person or written cancellation requirements.
It can—but results vary. Rocket Money is most effective for users with forgotten subscriptions or long-neglected bills. If you cancel even one or two unused subscriptions, the app can quickly pay for itself. Users who already track spending closely may see less benefit.
Rocket Money premium uses a sliding-scale pricing model ranging from $6 to $12 per month, depending on what you choose to pay. There is also a 7-day free trial, after which billing begins unless you cancel.
For many users, yes. Rocket Money offers account aggregation, spending insights, subscription tracking, and net worth monitoring similar to Mint. However, it is less focused on strict budgeting and more geared toward convenience and automation.
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