Rocket Cash
Product Title: Rocket Cash
Product Description: Rocket Cash is a budgeting app with a number of cash administration options, together with subscription administration.
Abstract
Rocket Cash is an app with a number of options that will help you handle your cash. Its subscription administration options make it simple to see all of your subscriptions in a single place. The app additionally offers step-by-step directions on cancel subscriptions, or in case you have a paid plan, it can cancel them in your behalf.
Professionals
- A free plan is obtainable
- Subscription administration
- A number of cash administration options
- “Pay what’s truthful” choice on the Premium plan
Cons
- Finest options require a paid subscription
- Credit score rating monitoring solely updates month-to-month
Rocket Cash is an app that may aid you handle your funds, cancel undesirable subscriptions, and negotiate your present payments. Along with subscription administration, it means that you can monitor your credit score and web price.
The budgeting options sync along with your accounts, permitting you to categorize your transactions towards your funds simply.
There’s a free plan and a “pay-what’s-fair” plan that prices between $6 and $12 per 30 days.
At a Look
- Subscription administration and cancelation companies
- Invoice negotiation companies
- Budgeting options
- Credit score and web price monitoring
- Free and paid plan out there
Who ought to use Rocket Cash
Rocket Cash’s finest options are the subscription administration and the invoice negotiation service. For those who wrestle to beat the friction of canceling undesirable subscriptions, Rocket Cash is a should. It is going to pull all of your subscriptions into one place. On the free plan, it offers step-by-step directions on cancel and can cancel them for you on the paid plan.
The invoice negotiation service is obtainable on each plans; you’ll pay a proportion of your financial savings.
Alternate options to Rocket Cash
Desk of Contents
- At a Look
- Who ought to use Rocket Cash
- Alternate options to Rocket Cash
- What Is Rocket Cash?
- How Does Rocket Cash Work?
- Rocket Cash Options
- Account Syncing
- Handle Subscriptions
- Invoice Cancellation
- Invoice Negotiation
- Budgeting Options
- Sensible Financial savings
- Internet Value Tracker
- Credit score Rating Monitoring
- Rocket Cash Pricing
- Is Rocket Cash Protected?
- Alternate options to Rocket Cash
- FAQs
- Is Rocket Cash Value It?
What Is Rocket Cash?
Rocket Cash is a budgeting app for Android and Apple units.
There are each Free and Premium plans, every with varied perks.
Among the member perks embody:
- Account monitoring
- Subscription administration
- Steadiness alerts
- Subscription cancellation assistant
- Invoice negotiation
- Budgeting
- Credit score rating monitoring
- Internet price monitoring
You’ll get essentially the most from Rocket Cash for those who use it to watch your spending and the subscription administration instruments. Its free instruments make it a super budgeting app, however the premium subscription stays reasonably priced for those who don’t want hands-on budgeting assist.
How Does Rocket Cash Work?
You may observe these steps to be a part of Rocket Cash:
- Obtain the Android or Apple cellular app
- Hyperlink your monetary accounts
- Analyze spending habits
- Search for methods to economize
- Create budgeting and financial savings objectives
- Monitor monetary progress with common updates.
Rocket Cash Options
Account Syncing
Rocket Cash hyperlinks your banking, bank card, and funding accounts via Plaid. This third-party service has read-only entry and doesn’t retailer your delicate particulars for additional privateness.
Your account balances replace day by day the primary time you log into your account. The app will ship spending insights and alerts when direct deposits hit your account. Linking as many accounts as potential makes it simple to see how a lot you spend and earn precisely.
After linking your accounts, you’ll be able to start categorizing your transactions. Rocket Cash auto-categorizes most transactions, so the continued upkeep necessities are minimal.
Handle Subscriptions
This function is one in all Rocket Cash’s most helpful options.
It’s possible you’ll intuitively have a ballpark estimate about your fastened dwelling bills, resembling utility payments, meals, and childcare. What about your subscriptions? Particularly subscriptions that invoice yearly. It’s very simple to overlook about these payments till it’s too late, and also you’ve by accident paid for one more yr.
After linking your accounts, Rocket Cash seems via your transaction historical past for recurring subscriptions and lists them in a single place so you’ll be able to simply see them.
This function is an efficient train in figuring out which companies you frequently use and the others you’ll be able to stay with out.
Invoice Cancellation
Premium subscribers can have the app cancel subscriptions on their behalf. Free customers will obtain step-by-step instructions to cease service, which might prevent time regardless of doing the onerous work your self.
This function is useful for those who’re the sort to maintain laying aside canceling as a result of it takes too lengthy or — for those who’re like me — you aren’t precisely positive do it, so that you simply don’t.
Invoice Negotiation
All subscribers can see if Rocket Cash will negotiate your present payments for a decrease price. This is a superb train to observe at the least every year for companies you’ll be able to’t stay with out to make sure you’re paying one of the best worth.
Among the finest financial savings alternatives embody:
- Cable or satellite tv for pc TV
- Dwelling Web
- Postpaid cellphone plans (i.e., Verizon Wi-fi, AT&T, and T-Cell)
- Satellite tv for pc Radio
- Newspapers
Cable payments and contract cellular phone plans have essentially the most potential for reductions. The invoice negotiator might even see if they will change you to a more recent plan that has the identical options as your present plan however is cheaper. There may be loyalty bonuses or limited-time promotions that may cut back your invoice for the next yr.
The service claims to have an 85% success price in reducing your payments. You pay a one-time success charge and get to determine how a lot of the primary yr of financial savings to contribute as cost.
Rocket Cash can even attempt to economize on these bills:
- Automotive insurance coverage
- Financial institution overdraft charges
- Invoice cost late charges
Budgeting Options
Along with real-time spending alerts and direct deposit notifications, Rocket Cash allows you to create a easy spending plan. The budgeting instruments usually are not as highly effective as some free budgeting instruments, however they might help you rapidly see for those who’re dwelling inside your means for the month.
This budgeting app generates a month-to-month report summarizing your spending and earnings patterns. It’s additionally potential to investigate these subjects all through the month:
- Payments paid
- Present spending
- The earnings left for financial savings.
- Cash left for spending
- Month-to-month earnings thus far
Most experiences can be found on a weekly, month-to-month, quarterly, or yearly interval.
Premium members can create limitless budgets and use account sharing so you’ll be able to funds with one other premium member.
Sensible Financial savings
Premium subscribers can use the Sensible Financial savings function to contribute to their financial savings objectives robotically. You may determine how a lot to avoid wasting and the way incessantly to withdraw out of your linked checking account.
To forestall account overdrafts, the service skips withdrawals when you could have inadequate funds in your account.
Your money goes into an FDIC-insured account till you’re able to spend it. Sadly, it’s possible you’ll not earn curiosity on these deposits. As an alternative, contemplate a high-yield financial savings account to generate income in your short-term financial savings.
Internet Value Tracker
Premium members can even monitor your web price via your linked accounts. This function is probably not as important as budgeting or monitoring spending, nevertheless it’s one other solution to monitor your monetary progress.
There are extra highly effective web price monitoring instruments, however Rocket Cash does an sufficient job.
Credit score Rating Monitoring
Free customers can view their Experian VantageScore 3.0 credit score rating without spending a dime. The app refreshes your rating month-to-month. Though this isn’t the identical rating that almost all lenders use to make credit score choices (that might be the FICO Rating from the Truthful Isaac Company), it will provide you with a superb estimate of your creditworthiness.
You may also see areas of enchancment that may aid you obtain a superb credit score rating. Nonetheless, free subscribers received’t be capable of entry their credit score report.
Premium members can view their full Experian credit score report. This report updates month-to-month, so remember to entry it frequently to keep away from lacking an replace.
This can be a good function, and it helps assess your full monetary image. Bear in mind there are a number of methods to verify your credit score rating without spending a dime with extra fixed updates. Different credit score monitoring companies might retrieve your rating from extra credit score bureaus and probably provide your FICO Rating.
Rocket Cash Pricing
Two completely different membership plan choices can be found: Lite and Premium. Pricing for Lite is free, and Premium is $3 – $12 however contains a “Pay What’s Truthful” choice, which I’ll clarify in additional element under.
A 7-day free trial is obtainable on the Premium plan.
Free
The Lite plan is the usual choice and is free for all times.
Its advantages can get the job achieved and embody the next:
- Account linking
- Steadiness alerts
- Subscription administration
- Spend monitoring
- Each day account syncing
The free plan is finest if you wish to monitor your spending and account balances however don’t want hands-on assist canceling or negotiating a cheaper price for recurring payments.
The budgeting instruments are restricted to 2 classes, which will be adequate to keep away from overspending in your most vital month-to-month bills.
Premium: $6-12 / month
The Premium plan presents a 7-day free trial, and then you definately select to pay between $6 and $12 per 30 days. This app follows a “Pay What’s Truthful” technique, so you’ll be able to determine how a lot to spend.
Based on Rocket Cash, the typical paid consumer pledges $6.99 month-to-month.
That can assist you determine if Rocket Cash Premium is price it, these are the out there perks:
- Limitless budgets
- Credit score rating and full credit score report (vs. credit score rating solely)
- Automated subscription cancellations
- Invoice cancellation concierge
- Internet price monitoring
- Actual-time account syncing (vs. day by day syncing)
- Shared accounts
- Premium chat
- Export information
You would possibly wish to improve to the premium plan if you’d like limitless budgets, shared accounts, or automated subscription administration instruments.
Is Rocket Cash Protected?
Sure, Rocket Cash is a protected solution to monitor your banking account transactions, search for methods to scale back spending, and monitor your credit score rating.
Most private finance software program apps use the identical third-party service (Plaid) to hook up with your accounts. This software program doesn’t retailer private data on its servers and makes use of bank-level safety to guard your account. As well as, when you should share your information with others, you’ll be able to scramble it for added privateness.
Alternate options to Rocket Cash
Rocket Cash might help enhance your funds, however these different companies will be higher for those who want hands-on assist with a selected want. If none of those sound good, additionally try our checklist of the finest budgeting apps for {couples}.
You Want A Price range (YNAB)
If you would like a severe funds and to cease dwelling paycheck to paycheck, You Want A Price range (YNAB) is a superb choice. YNAB isn’t free, although; it prices $14.99 month-to-month or $109 yearly, however there’s a 34-day free trial to see if it’s a superb match.
The YNAB funds follows a zero-based funds method, assigning every greenback to a selected activity. So, you must plan to spend or save each greenback you make, which is a well-tested and efficient budgeting methodology.
The app walks you thru the budgeting course of and critiques many month-to-month bills which might be simply ignored with fundamental budgeting instruments like Rocket Cash or Mint.
The spending and web price experiences are additionally strong. There are additionally a number of monetary calculators that will help you plan upcoming objectives.
For extra data, try our full YNAB assessment.
Empower Private Dashboard
Empower Private Dashboard is arguably one of the best free web price tracker out there as we speak, as you’ll be able to hyperlink all your banking and brokerage accounts and add guide accounts. The service consists of fundamental spend monitoring instruments to categorize transactions and make sure you stay inside your means.
Creating financial savings objectives and reviewing your funding portfolio’s asset allocation and fund charges can also be potential. It has a collection of planning instruments which might be helpful for retirement planning, however they may attempt to promote you on their wealth administration companies.
Learn our Empower Private Dashboard assessment for extra data.
BillCutterz
BillCutterz can negotiate your present payments in your behalf, and also you solely pay if it saves you cash. BillCutterz can prevent on payments resembling, cellular phone, cable, web, satellite tv for pc radio, and extra. It takes about 48 hours after you submit the invoice to seek out out for those who’ve obtained any financial savings.
BillCutterz costs 50% of the annual financial savings it negotiates for you. For instance, in the event that they prevent $20 a month in your cellular phone invoice, they may cost $10 per 30 days for 12 months or $120. You may pay month-to-month or get a ten% low cost by paying in full immediately.
FAQs
You may ship a chat message throughout the app; the everyday response time is inside sooner or later. Moreover, premium members obtain precedence assist. An in depth on-line FAQ part additionally gives tutorials for the free and paid options.
It’s potential to watch your banking accounts, credit score scores, and subscriptions without spending a dime. Nonetheless, you could pay at the least $4.99 month-to-month (or $35.99 yearly) for limitless budgeting guidelines, subscription cancellation, and different in-depth entry.
Rocket Cash received’t promote your private data and protects your privateness. Nonetheless, it’s possible you’ll obtain presents from different Rocket firms and third-party associates.
Till mid-2022, Rocket Cash was generally known as Truebill. Rocket Firms, which additionally runs Rocket Loans, Rocket Mortgage, and LowerMyBills.com, acquired the cash administration app and renamed it Rocket Cash. Shortly thereafter, the Truebill model was sundown.
Is Rocket Cash Value It?
Rocket Cash will be an efficient solution to make a free funds if you wish to monitor spending simply and don’t want hands-on assist. The paid subscription will be price it for those who want limitless budgeting entry and different money-saving instruments. The “Pay What’s Truthful” choice makes it an excellent higher worth.
However whereas the app has a number of extra options, not everybody will discover all of them helpful. For those who’re searching for extra in-depth instruments for budgeting or monitoring your spending, contemplate different choices, resembling YNAB or Private Capital, along with Rocket Cash.
Since it’s free, it doesn’t harm to attempt it out. You may also take a look at drive the premium companies to see for those who discover worth in them.