Rocket Money 2025 review: CNET’s pick for best budgeting app

I wonder who Budget app Should you use? Rocket Money should be at the top of your list.

It was Rocket Money (formerly Truebil). CNET Editors’ Choice for 2024 Choose the best budgeting app. It’s affordable, easy to use, and has a lot of valuable features. It also offers some unique perks, such as Unsubscribe and Negotiate the invoice. There is a free version and a premium version, with the premium version costing $6 per month.

Here’s what you need to know to decide if Rocket Money is right for you.

How does Rocket Money work?

Budgeting app Rocket Money links to your bank accounts to track your income and spending. It can automatically sort your transactions into specific categories, like groceries or housing, to eliminate some of the legwork Budget. You can also edit individual transactions and create rules to sort future transactions.

Rocket Money lets you set spending goals and shows you how much you’ve spent so far in each category. You can Adjust your budget At any time to account for unexpected expenses.

The free version of Rocket Money is limited but provides basic budgeting functions such as expense tracking which may be enough for some users. The paid version, which costs $6 to $12 per month, offers advanced features like custom budget categories, Automated savings and Credit reports And track net worth.

What we like

• Reasonable price: Rocket Money Premium costs $6-$12 per month. How much you pay is up to you, and you will enjoy the same features no matter what amount you choose.
• Easy to use: Rocket Money’s mobile app and online platform are easy to use. The information is presented in a clean, easy-to-understand way that tells you what you need to know without overwhelming you.
• Lots of notifications: You can choose to receive a wide range of notifications to stay on top of your finances, from bill increase alerts and bank fees to identity theft alerts and credit score alerts.
• Savings goals: Rocket Money Premium offers a smart savings account Put money aside Easier. You can set savings goals and schedule regular automatic transfers to this account. Smart Savings accounts are held by a partner bank that is FDIC insured, so your money is safe up to $250,000 per account holder.
• Credit score and net worth tracking: Rocket Money Premium offers the ability to view your credit score, credit report, and track net worth. (The free version offers a credit score view only.)
• Invoice negotiation: Rocket Money also offers a Invoice negotiation service This is available for both free and paid users. Rocket contacts your service providers — such as your cell phone or Internet provider — to try to lower your bill. You’ll pay a fee if they’re successful, but it may be worth it to you if you hate haggling with customer service representatives.

What we didn’t like

• The free version is limited: You may be able to get away with using the free version of Rocket Money, but it’s just that. If you want features like custom budget categories, you’ll need to pay for a premium membership.
• No debt repayment planning: Some budgeting apps, like PocketGuard, provide debt repayment planning to help you Reduce your debt burden. Rocket no. You can link your credit card accounts to monitor your balances, but that’s about it.
• No investment tools: You can link your investment accounts to Rocket Money and view your balances, but if you want help with investment planning, you’re better off using an app like Empower, which provides tools to evaluate and adjust your strategy.
• The traditional approach to budgeting: Rocket Money uses a basic approach to budgeting: you set your budget categories and spending goals up front, and you can adjust them from month to month. This strategy may not work for everyone. If you want to take a more detailed approach to your budget or need help getting a handle on your spending, you may be better served by zero-based budgeting apps like Every dollar and YNAB Or via Goodbudget’s envelope method.
• Invoice Negotiation Fee: If Rocket Money’s bill negotiation service is successful, you’ll pay them between 30% and 60% of your savings in the first year (you choose the percentage). You can contact the service providers yourself and save this cost.

Is Rocket Money safe?

Yes, Rocket Money is generally safe. It uses 256-bit encryption — the same encryption used by many banks — and partners with payment network Plaid to link to your accounts instead of storing your login information. However, your financial data may still be at risk if your phone is lost or stolen, so you should know how to remotely wipe your phone in that event.

Who is Rocket Money best suited for?

Rocket Money offers all the basics you need to create and maintain a budget. It’s available to a wide range of budget people, is easy to use, and the premium subscription is affordable.

That’s why we found Rocket Money A powerful alternative to mintthe popular budgeting app that disappeared in March 2024.

Alternatives to Rocket Money

Rocket Money offers something for everyone, but it’s not the only budgeting app on the market. You can explore your options by checking out our website Best budget apps.

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