Can It Actually Save You Cash Every Yr?


Are you on the lookout for an easy option to observe spending and decrease your payments?

Rocket Cash can scale back or cancel your month-to-month payments and ship spending alerts.  For instance, the typical financial savings is $180 a yr for decrease payments, in accordance with Rocket Cash.

You solely pay a payment once they efficiently decrease a recurring expense. Or in the event you enroll of their non-compulsory premium plan for additional financial savings instruments. I take advantage of the private finance app to trace my spending and search for methods to lowe my bills.

This evaluation will present how one can attain your aim of saving cash right now.

rocket money logo


Rocket Cash will observe your spending and attempt to scale back your month-to-month payments free of charge. In the event that they negotiate a reduction, they preserve 40% of the financial savings. Their premium plan ($3/month) affords different instruments that can assist you get monetary savings effortlessly.


  • Free funds instruments
  • Simple cell App 
  • Reasonably priced


  • 40% success payment
  • Free App advertisements

What’s Rocket Cash?

Rocket Money app image

Rocket Money has a cell app for Android and Apple gadgets. You should use the app to trace spending and probably decrease your month-to-month payments.

Rocket Cash helps you get monetary savings with these instruments:

  • Observe spending
  • Cancel subscriptions
  • Decrease payments
  • Web outage refunds

It’s additionally attainable to improve to a premium plan with additional money-saving instruments. Choose advantages embody overdraft payment refunds, invoice pay and an FDIC-insured financial savings account. 

I feel the cell app supplies a various number of monetary instruments and fast updates. Because of this, you’ll be able to really feel extra assured about managing your cash and be much less more likely to overspend.

How Rocket Cash Works

After becoming a member of Rocket Cash, you can begin linking your financial institution accounts and month-to-month subscriptions. Your accounts sync every day. The app analyzes your spending historical past for recurring payments. 

Maybe you don’t have any recurring payments that should be decreased or canceled. However you’ll be able to nonetheless use the service to trace spending and make a easy spending plan. That’s what I do at this level as I’ve used the invoice negotiation providers to scale back my recurring subscription prices as a lot as attainable.

Rocket Cash sends weekly spending studies and quarterly critiques. I discover these studies helpful as I don’t log into my checking account usually and now I can rapidly confirm what’s processed plus any unplanned spending. Different alerts you’ll be able to request embody low steadiness alerts and invoice will increase.  

An non-compulsory service that Rocket Cash affords is invoice negotiation. You possibly can see if the app can scale back your recurring payments like TV, Web or telephone service.

When you’re a premium member, you can even have Rocket Cash cancel your subscriptions for you.   

What Does Rocket Cash Value?

Rocket Cash affords a free plan and a premium plan. With the free plan, you solely pay a payment when the app efficiently lowers your month-to-month invoice. Their premium plan is non-compulsory and prices at the least $3 month-to-month.

Clients with a house mortgage that Rocket Mortgage providers get to get pleasure from a free premium subscription.

Free Plan

It’s free to hitch Rocket Cash and use their primary plan. The free plan helps you to observe spending, make a funds and request invoice negotiations to spend much less cash. I discover the free membership tier to have extra performance than many free budgeting apps.

You pay a 40% success payment of the annual financial savings solely when Rocket Cash reduces your month-to-month invoice.

For example, a $60 financial savings has a one-time $24 payment.

If Rocket Cash can’t negotiate a reduction, you don’t pay a payment. You by no means must pay a payment to make use of the funds instruments.

The free budgeting options could make this one of many best Mint alternatives whenever you primarily wish to observe spending and desire a cell app as a substitute of pc software program.

Premium Plan

The Premium Plan has a minimal $3 cost, though you’ll be able to set your individual worth. For example, Rocket Cash says the typical premium member pays $7 a month. There’s a seven-day free trial.

All premium members get pleasure from the identical additional advantages no matter how a lot they pay every month. Two causes to improve will be the free subscription cancellations and overdraft payment credit.

Additionally, you will pay the 40% success payment on any invoice reductions that Rocket Cash negotiates. 

Though you could pay a payment for some instruments, Rocket Cash will be an easy way to get free money.

You may as well get pleasure from limitless budgets and real-time account updates. Nevertheless, I discover the app higher for primary spending plans and different premium budgeting apps are higher whenever you need an in-depth funds. 

Is Rocket Cash Secure?

Rocket Cash makes use of 256-bit SSL which is bank-level security to entry your accounts. As well as, the service solely has read-only entry, so your delicate info isn’t saved on Rocket Cash’s servers. This reduces the danger of identification theft.

It’s nonetheless a good suggestion to monitor your credit as you by no means know when a knowledge breach might happen. 

How Rocket Cash Saves You Cash

There are a number of instruments at your disposal to save cash. Beneath is a short overview to allow you to predict how a lot it can save you.

Decrease Month-to-month Payments

Probably probably the most compelling cause to make use of this app is to decrease your payments and live frugally

Rocket Cash states the typical member saves $180 per yr due to this software. In response to Rocket Cash, they’ll decrease payments 85% of the time.

Some payments more than likely to discover a low cost on embody:

You have to to offer your account info and a current invoice assertion. Then the Rocket Cash employees will contact the supplier and attempt to negotiate a decrease fee. 

This low cost may solely be for one month. For instance, it may very well be a one-time loyalty low cost in your telephone invoice. Or it is perhaps ongoing financial savings if you’re paying an excessive amount of to your present plan, akin to your cable invoice. 

You solely pay if Rocket Cash succeeds in reducing your invoice. If profitable, Rocket Cash collects a 40% success payment of the financial savings. This payment is greater than Trim which solely retains 15% of invoice financial savings.

It’s attainable to barter comparable financial savings by your self. You gained’t pay a hit payment. Though, you have to to resolve if the additional effort is value the additional money.

I can confirm that you just gained’t pay a payment on unsuccesfful negotiations. I loved a small low cost on my cellular phone plan throughout the first spherical of negotiation. Nevertheless, the app was unable to get a greater worth the second time round or on the primary time for my dwelling web.

After an unsuccesful negotiation, I obtain a message stating no financial savings have been obtainable however I gained’t pay a payment. This service is much like different invoice negotiation providers and you could select this one whenever you need the opposite private finance advantages. 

Common Member Financial savings: $180 per yr

Monitor Web Outages

If there may be an web outage in your space, Rocket Cash may file a credit score request. There’s a 40% success payment in the event you get a credit score.

The app will monitor your web service for an outage and might submit a month-to-month declare. 

Common Member Financial savings: $96 per yr


The free budgeting app compares your common month-to-month earnings to your typical bills. This funds helps you to rapidly see if you’re spending greater than you earn. 

Rocket Cash calculates a “protected to spend” quantity. This characteristic helps you to rapidly know the way a lot you’ll be able to spend on non-recurring purchases with out overspending.

One draw back of the free plan is that you may solely create month-to-month funds targets for 2 buy sorts. All different spending is put within the “all the things else” class. However, in the event you solely wish to ensure you don’t overspend, this software generally is a good match.

Having a premium plan offers you limitless funds classes. This plan is a greater possibility if you wish to ensure you don’t overspend on sure bills.

Upgrading can be cheaper and extra handy to make use of than shopping for one other funds app. 

I just like the Rocket Cash budgeting instruments for a primary spending plan. Nevertheless, in the event you’re a critical budgeter or want hands-on assist, a service like YNAB is extra more likely to be a greater match. In reality, YNAB was very useful once I was dwelling paycheck-to-paycheck after a significant profession change and wage discount.

Observe Spending

during this month you have spent on app

You possibly can hyperlink your financial institution accounts and bank cards to see your exercise in a single dashboard. Assigning spending classes to every buy lets you know the way you spend every greenback.

While you do that, it’s a straightforward option to discover out what your most frequent purchases are every month.

Rocket Cash lists your recurring payments like Hulu, Spotify and insurance coverage in a single feed. You might discover providers you not use and nonetheless pay for. You’ll find the cancellation directions for every service provider. 

The app makes use of colourful charts and graphs that can assist you analyze your spending habits. You possibly can observe your spending historical past by expense kind or particular retailers.

Even when Rocket Cash can’t decrease your payments in the intervening time, the app can nonetheless be value utilizing to trace your purchases. The app might push a notification when it identifies a attainable invoice negotiation with the attainable financial savings. This visible instance makes the app simpler to make use of and might encourage you to save money.

Nevertheless, some banks gained’t be capable to sync with Rocket Cash. Possibly you’ve additionally had bother syncing your accounts with comparable apps.

This facet can forestall you from seeing your entire spending in a single app.

Keep away from Overdraft and Late Charges

You possibly can request low account steadiness alerts. These alerts are a free option to keep away from overdraft charges. Invoice fee reminders is one other method Rocket Cash can assist you keep away from late charges.  

When you overdraft, Rocket Cash requests a refund for premium members. A paid membership additionally affords invoice pay so you’ll be able to automate your month-to-month funds and not overlook invoice due dates or face late charges.   

Cancel Subscriptions

Rocket Cash additionally makes it simple to cancel your subscriptions. As you realize, some corporations don’t make it simple to cancel your plans. 

I’ve spent lengthy intervals on maintain and in addition mailed in cancellation requests. For sure, I’m glad to let another person cancel providers on my behalf so I can spend the time working or be with the household.

The free model of Rocket Cash solely offers you directions to cancel your subscription. The directions can let you know the best way to cancel by telephone or electronic mail. You have to to contact the corporate to cancel your subscription. You place in additional effort but can save time.

However if you’re a premium member, Rocket Cash will cancel your subscriptions in your behalf.

Earlier than you cancel, attempt to discover the cancellation coverage if you’re underneath contract. That is particularly a good suggestion if you wish to cancel cable television to keep away from hidden charges. 

Rocket Cash Premium

Premium plans begin at $3 a month, however you’ll be able to select your individual worth. You possibly can improve plans within the Rocket Cash app. This month-to-month membership could make it simpler to save cash with the next advantages:

Automated Cancellations

Rocket Cash will cancel your undesirable subscriptions for you. This feature is a helpful one in the event you don’t have time to cancel. Or possibly you’ve gotten tried canceling and haven’t been profitable. 

Common Member Financial savings: $180 per yr

Limitless Budgets and Classes

You possibly can create an in-depth spending plan for a number of spending classes. The free plan solely helps you to observe month-to-month spending for 2 funds classes.

Now you’ll be able to see precisely how a lot you spend on your common monthly expenses

I personally like extra in-depth budgeting instruments, however that is good in the event you merely wish to spend lower than you make. Limitless classes offers you extra management over managing your spending and will be simpler to implement than superior budgeting methods or apps that require numerous ongoing work. 

Actual-Time Account Syncs

Premium members additionally see real-time account balances. Primary members solely see their account balances replace as soon as each 24 hours.

Immediate updates will be useful as you make a big buy or switch money to a different account. You might also prefer it whenever you use you debit card a number of occasions a day and have a low account steadiness. On-demand syncs make it simple to keep away from overdraft charges and overspending.   

Good Financial savings

put your savings on autopilot

Rocket Cash additionally tries to make it simple so that you can build your savings account. You resolve how a lot cash you wish to deposit every month.

Your money transfers routinely from a linked checking account right into a Good Financial savings account.

These financial savings accounts are FDIC-insured. For safety purchases, you’ll be able to solely withdraw money again into the linked checking account. Withdrawals are free and take as much as 4 days to finish.

This characteristic is non-compulsory, however it helps you get extra worth from Rocket Cash. When you presently use a micro-savings app like Digit, it’s an easy option to cancel one other recurring value. 

I like this automated financial savings software because it helps make Rocket Cash an all-in-one answer to save cash by spending much less and setting apart your disposable earnings for future bills. It’s a win-win scenario.

Overdraft and Late Price Refunds

Rocket Cash can request an overdraft or late payment refund in your behalf. Not all refund requests are assured, however it doesn’t damage to ask.

You usually tend to get a refund if you’re a loyal financial institution member.

Plus, your financial institution may restrict what number of refunds you get annually.

Common Member Financial savings: $70 per yr 

On-line Billpay

You possibly can join your payments, pay them and get PDF statements with Rocket Cash. Linking your payments lets the app ship you fee reminders for upcoming due dates. 

Premium Assist

The Rocket Cash app is straightforward to navigate, however you should still need assistance. Premium help helps you to chat with brokers in real-time.

This help is useful in the event you can’t discover the reply of their assist articles. Reside chat help helps you keep away from delay as you strive to save cash.

Is Rocket Cash Price It?

The 2 most important causes to make use of Rocket Cash are to scale back subscriptions or observe spending. The app is a legit method to save cash by chopping bills. 

Nevertheless, you need to think about different budget software tools whenever you need in-depth classes, studies and hands-on assist. This software program might supply completely different options that you could be discover priceless to your spending and financial savings habits.

Rocket Cash Opinions

Rocket Cash has a 4.4 out of 5 score on the Google Play Store and a 4.3 out of 5 within the Apple App Store.

Beneath is the suggestions from a number of members about what they like most about Rocket Cash.

“Strong app. Helps you observe subscriptions however has a number of points discovering a few of the extra underground subscriptions like a neighborhood newspaper or one thing. These require guide enter.” – Christopher M.

“(Rocket Cash) canceled two of my providers inside three days that I wasn’t capable of get ahold of customer support to do.”  – Kirsten C.

“When you really feel overwhelmed by payments, subscriptions and all the things else, this app has all of it organized so you’ll be able to see the place your cash goes.” -Nick A.

Most unfavorable Rocket Cash critiques point out the app has programming bugs. This app might not work correctly on some telephone fashions.

In different circumstances, some banks having syncing issues even with a profitable login. General, these issues don’t have an effect on most customers.

Different customers have been annoyed with the invoice negotiation course of. Timothy M. states his supplier had issues the Rocket Cash agent was making a false impersonation.

Different customers don’t recognize the 40% success payment that Rocket Cash retains on invoice financial savings.

How A lot Can Rocket Cash Save You?

Each member will save a distinct quantity as a result of all of us have completely different spending habits.

Beneath are the typical annual financial savings, in accordance with Rocket Cash:

  • Invoice negotiation: $180
  • Canceled subscriptions: $180
  • Web outage refunds: $96
  • Overdraft and late payment refunds: $70

Rocket Cash is among the best methods to see in the event you qualify for these refunds. The funds instruments also can provide help to establish areas the place you overspend. 

Though side hustles are one way to get more cash, Rocket Cash requires minimal effort.   

Positives and Negatives


  • Free funds instruments to trace spending
  • Can scale back or cancel recurring payments
  • Has a cell app and desktop platform


  • 40% success payment on invoice financial savings is comparatively excessive
  • Premium plan is probably not value it for some folks
  • Lacks in-depth funds spreadsheets


Rocket Cash is an easy option to see in the event you can scale back your spending. It can be a straightforward option to observe spending in your telephone. I prefer it for routinely monitoring spending and negotiating decrease payments. It’s primary budgeting options excel at keeping track of spending with minimal effort.

Except you already live as frugal as possible, Rocket Cash can probably provide help to get monetary savings.

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