Rocket Money Review: How Rocket Money App Helps to Save Money & Cancel Subscriptions

7 min readMay 27, 2022

When it comes to personal finance, creating a successful budget is becoming the first priority, which ensures your income exceeds expenses. Thus, you would be able to save extra cash at the end of each month and contribute to your long-term plan.

Thanks to the internet, there are a lot of money-saving tips that teach people how to save money each money like using budget apps, saving money on gas for a car during a high inflationary period, etc.

And, Rocket Money is one of the great saving apps that helps members to track and manage their budgets in a good shape. In particular, the Truebill app will do its hard work to find different saving tips by managing subscriptions and monitoring your budget.

In this post, we will take a deep analysis of several key pieces of information about Truebill in order to figure out whether Truebill would be able to help us manage our personal finance and save money or not. Let’s jump to the main content to find out.

Key Takeaways

Truebill is one of the great saving apps that helps members to track and manage their budgets in a good shape.
Members can use the Truebill app for free with a basic feature, but it has a premium service/features that charge a monthly membership between $3 to $12.
Truebill so far has received an overall excellent service rating from customers from Trustpilot.

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1. About Rocket Money App

Rocket Money is a budget app that allows members to take back control of their finance and save money by finding better deals to lower their bills and helps to cancel unwanted subscriptions.

The core objective of the firm is to help every user to track and manage their budget in the correct order, which enables them to find different ways to save money on their monthly bills.

Based on the firm statement, one of its main focuses is to keep communicating and understanding clients’ expectations, which allow the board member of the firm to design better products and services and satisfy their requirements.

At the time of writing, the platform has more than 2 million members, which indicates it has a great reputation and some useful features that allow members to save money on a monthly basis.

2. How does Rocket Money work

Truebill is a personal finance and budget platform that helps many users to save millions of dollars every year by canceling unwanted subscriptions and managing their budgets better.

The platform is free to use with some basic features. Truebill also offers premium service for using the app for a fee, but it’s up to your choice whether you want to use paid service or not.

The following are The Truebill app features and services that members can take advantage of those benefits to help them save more money:

A. Budgeting:

It is one of the best budget apps that helps millions of members to track and manage their spending habits in order that they can work towards achieving their long-term financial goals.

In particular, the app will keep on monitoring members’ spending based on the transactions and provide proficient information to let them know the available fund they can spend for each month based on their monthly budget.

B. Managing your Subscriptions:

One of the best ways to save money with Rocket Money is to use the cancel subscription feature. Specifically, the Truebill app will take time to monitor your unused subscriptions as you no longer use those services. Thus, it will help you to cancel those unwanted subscriptions to save money.

In addition, members will be able to see all of their current subscriptions in the same section, which ensures they will never forget what bills they are paying for. Hence, it will help them to avoid late payment fees.

Keep in mind that members need to either connect their credit or checking accounts to the platform, the Truebill app will do a great job by reviewing all transactions and other recurring bills in order they might help to lower the bill.

By using the Truebill app, members also understand when automatic bills will be charged to their accounts. They can compare the previous bill with the current one to see whether they pay more than or less.

C. Monitoring outages and providing support to get refunds

Another useful feature that may benefit you from using Truebill is the ability to help members to get refunds on overdrafts or late payment fees.

In particular, Truebill will keep an eye on service outages, and they will work hard on your behalf to seek a refund for failed services including cable, phone, and internet issues.

The platform will guide members step by step to apply for a refund. Once the refund is approved, members will be able to see their money back in their dedicated account.

Note, there are other services and features that I will not mention all here such as credit score, truecard, etc, you may refer to the firm official website for more information.

How much do you pay for Rocket Money premium features?

Members can use the Truebill app for free with a basic feature, but it has a premium service/features that charge a monthly membership between $3 to $12. The platform has the option to pay for the annual fee, which could be different from the monthly fee.

By accessing premium services, members will be able to use some premium features like unlimited budget, cancellation concierge, etc.

In addition to the premium fee, Rocket Money will charge between 30% to 60% for successful bill negotiation services — “success fee “, which means members only pay these percentage fees if Truebill is able to negotiate successfully.

3. How to Sign up?

In order to take advantage of this money management tool, you need to create an account with Truebill and access some features to start saving money right away.

The process of opening a new account is quite simple and straightforward as you are required to have an email address and enter your full name, which allows you to get your account started within 5 minutes.

After you have successfully created an account, it’s essential to connect your billing statements to the platform that allows it to take a quick review and could lower your bill as possible.

4. Is Rocket Money legit and worth it?

According to the Trustpilot customer review, Truebill has so far received an excellent customer review based on a rating of 4.8 stars out of 5, which indicates Truebill customer service and product features have satisfied customer requirements.

At the time of writing, there are more than 2,362 customer reviews about this money management tool and 90% of them voted as excellent.

In addition, as mentioned earlier, Truebill has more than 2 million members, which indicates it has a great reputation that allows members to save money on a monthly basis.

Therefore, the answer is yes, Rocket Money is a legitimate firm in the market.

5. The Rocket Money app Pros and Cons

The followings are the pros and cons of Rocket Money, which you may consider to make an informed decision on selecting the best budget app for your expectation.

Pros

Members can use the Rocket Money app for free to manage their budgets.
Contain some useful features and services that allow users to save money like late payment fees and cancel unwanted subscriptions.
The platform has more than 2 million members, which reflects its great reputation in the market.
Easy to use and navigate around the platform, which offers both desktop and mobile app versions.

Cons

Customers can access premium services for a monthly fee or yearly fee.
The platform will charge a small fee for successful bill negotiation services — a “success fee”.

6. What are Rocket Money alternatives

Rocket Money is one of the best budget tools that help members to find different ways to save money, which including, cancel unwanted subscriptions, monitoring outages, managing your budget, and finding low bills.

For this reason, users would be able to manage and track their spending habits, which allows them to save even more money to reach their long-term financial goals.

Trim is considered another budget app that manages your daily expenses and income. The platform helps thousands of members cancel unwanted subscription fees and other overcharged fees.

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Conclusion

Truebill is one of the great money management tools that offers some useful features and services, which you may not find in other budget apps.

After successfully creating an account with Truebill, members would be able to find some easy ways to save money, Truebill will do its job by managing unwanted subscriptions and helping them to get back their finance.

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