About
Rocket Money, formerly known as Truebill, is a comprehensive personal finance management app designed to give users complete control over their financial lives. The platform automatically scans your accounts to detect and track all active subscriptions, alerting you to charges you may have forgotten about and offering to cancel services on your behalf — no hold music required. Beyond subscription management, Rocket Money provides detailed spending breakdowns and custom budgeting tools that show exactly where your money is going each month. Smart notifications keep you informed of important financial events so you're never caught off guard by unexpected charges or low balances. One of its standout features is the automated savings tool, which learns your spending habits and moves the right amount of money into savings at the right time — all while helping you avoid overdraft fees. The Premium tier unlocks additional features including access to human financial specialists who can negotiate bills on your behalf. With more than 10 million members and over $2.5 billion saved collectively, Rocket Money is trusted by individuals and families looking to reduce unnecessary expenses, build better spending habits, and automate their path to financial wellness. The app is available on iOS and Android, making it easy to manage finances on the go.
Key Features
- Automatic Subscription Tracking: Instantly finds and tracks all your active subscriptions by scanning linked accounts, so you always know what you're paying for.
- Subscription Cancellation Service: Cancels unwanted subscriptions on your behalf, saving you the hassle of navigating customer service calls and hold times.
- Custom Budget & Spending Breakdown: Provides an effortless breakdown of your finances with categorized spending insights and smart notifications for important financial events.
- Automated Smart Savings: Learns your spending habits to automatically move the right amount to savings at the right time, helping you reach financial goals without overdrafting.
- Bill Negotiation (Premium): Premium members get access to human specialists who negotiate bills on their behalf to lower recurring expenses like internet and insurance.
Use Cases
- Identifying and canceling forgotten or unused subscription services to reduce monthly expenses.
- Building and maintaining a custom monthly budget to track where your money is going.
- Automating personal savings goals without manually transferring money each month.
- Getting bills like internet, phone, or insurance negotiated down by financial specialists.
- Monitoring all financial accounts in one place to stay aware of spending trends and unusual charges.
Pros
- Saves Real Money: With over $2.5 billion saved across 10 million+ members, the platform has a proven track record of reducing unnecessary expenses.
- Hands-Off Subscription Management: Automatically detects subscriptions and handles cancellations for you, removing friction from managing recurring charges.
- Holistic Financial Overview: Combines budgeting, spending tracking, and savings automation in one app for a complete picture of your personal finances.
Cons
- Premium Required for Best Features: Key features like bill negotiation and certain cancellation services are locked behind the paid Premium tier.
- Requires Account Linking: Full functionality depends on connecting your bank accounts and credit cards, which some users may have privacy concerns about.
Frequently Asked Questions
What is Truebill / Rocket Money?
Truebill was rebranded as Rocket Money. It is a personal finance app that tracks subscriptions, helps you cancel unwanted services, builds custom budgets, and automates savings to help you take control of your financial life.
Is Rocket Money free to use?
Rocket Money offers a free tier with core features. A Premium subscription unlocks advanced features such as bill negotiation, premium cancellation support, and more detailed financial insights.
How does Rocket Money find my subscriptions?
After you link your bank accounts and credit cards, Rocket Money automatically scans your transaction history to identify recurring charges and subscriptions.
Can Rocket Money cancel subscriptions for me?
Yes. Rocket Money offers a cancellation service where their team handles the cancellation process on your behalf, so you don't have to contact the service provider yourself.
How does the automated savings feature work?
Rocket Money's smart savings tool analyzes your spending patterns and income to determine the optimal amount and timing to transfer money into your savings account, helping you save consistently without risking overdrafts.
