If you’re earning so much yet wonder why you’re saving less, then Rocket Money is a great personal finance app for you that tracks your every spending. With their ultra concierge, they ensure that you get the best possible rate, so it’s safe to say this app works best for all walks of people. Rocket Money has rated 4.4 stars and has been downloaded over 5 million over the Google Play Store. Let’s explore Rocket Money!
Rocket Money Full Review
Following, I will go into more detail about the features and functionality of this app:
· Spending tracking and categorization: Rocket Money automatically tracks and categorizes your spending across all of your linked accounts, such as bank accounts and credit cards. Each month, users can view where their money is going by looking at their spending by category.
· There is a budgeting tool included in the app that allows users to create different categories of budgets, such as grocery spending, leisure time, and transportation costs. As soon as the user reaches the limit for a category, an alert will appear, and they will receive a reminder that the budget has been reached.
· One of Rocket Money’s standout features is its ability to negotiate bills on your behalf. Using Rocket Money, users can upload copies of their cable, internet, and insurance bills, and Rocket Money will negotiate a lower rate on their behalf for services such as cable, internet, and insurance. It is important to note that the app charges a percentage of the savings as a fee, although if the user is not satisfied with the rate negotiated, he or she can decline the offer.
· The Rocket Money app also allows users to identify and cancel recurring subscriptions, allowing them to manage their bills. It’s simple to cancel your subscription. All you need to do is view a list of your subscriptions, choose the ones that you want to cancel, and Rocket Money will handle everything else.
· Featured features: users of the app are also able to access a number of premium features within the app for a monthly fee, such as the Cancellation Concierge service that cancels subscriptions on behalf of users, and Bill Negotiation Pro service, which negotiates cell phone and cable bills on their behalf.
Rocket Money Pros and Cons:
Let’s have a look at the pros and cons of using the Rocket Money finance app!
Here are some pros and cons of Rocket Money from our research :
Pros:
1. With Rocket Money, you can track your spending, create a budget and create a way to organize your finances.
2. It offers a bill negotiation service that can help users save money on their bills by negotiating with credit card companies.
3. Rocket Money is capable of identifying recurring subscriptions and canceling them for users when necessary.
4. In the Apple App Store, the app is rated 4.7 out of 5 stars based on over 30,000 reviews, making it one of the most popular apps on the platform.
Cons:
1. As part of its premium service, Rocket Money charges a monthly fee, which ranges between $3 and $12 per month. Considering the latter amount, it can go somewhat unreasonable for some people, especially for those who are solely trying to save every penny.
2. There may not always be significant savings to be made by using the bill negotiation service available through the app, and you will be charged a percentage of those savings as a fee.
3. In comparison to some free budgeting tools, some of the tools in the app may not be as powerful as others.
4. There is a minimum charge of 30% of the savings generated by the service, billed upfront, for the bill negotiation service.
Rocket Money Compared to other popular apps:
There are a number of features that make Rocket Money stand out from its competitor apps when it comes to money management. With its bill negotiation and subscription cancellation features, as well as its comprehensive budgeting tool, the app provides a useful tool for managing finances and saving money with its bill negotiation and subscription cancellation services.
Comparing it with Mint, the Rocket Money app offers a number of additional features, such as bill negotiation and subscription cancellation, which aren’t available in Mint. Whereas with Trim app, it doesn’t have a budgeting tool while Rocket Money offers an extensive budgeting tools feature.
Generic People reviews about the app:
Be it an apple play, google store, or an authentic site like trust pilot, people everywhere have very positive remarks about the app. You can see them below:
Our two Cents about Rocket Money:
Overall, Rocket Money can be a useful app for managing finances and saving money, but users should carefully consider the costs and benefits of the app’s features before deciding to use it.
It is clear that Rocket Money is a useful app for anyone seeking to take control of their finances and save money on bills and subscriptions as well as take control of their finances. It provides users with automatic tracking and categorization of expenses, budgeting features, and a bill negotiation service that makes it easy for them to manage their finances and save money by using the app. Some users, however, may not find the premium features to be worth the cost, and the bill negotiation service may not always result in a significant saving for them. If you are going to use the app, you should weigh the costs and benefits of its features before deciding whether or not to use it.