{"id":5779,"date":"2023-02-13T16:34:20","date_gmt":"2023-02-13T16:34:20","guid":{"rendered":"https:\/\/www.wallstreetzen.com\/blog\/?p=5779"},"modified":"2024-09-10T17:02:30","modified_gmt":"2024-09-10T17:02:30","slug":"rocket-money-review","status":"publish","type":"post","link":"https:\/\/www.wallstreetzen.com\/blog\/rocket-money-review\/","title":{"rendered":"Rocket Money Review (Formerly Truebill) – Scam Saving App or Legit?"},"content":{"rendered":"\n

Rocket Money<\/a> is a money-saving app originally designed to help you monitor and cancel unused subscriptions. Originally known as Truebill, the app was redesigned and rebranded after being acquired by Rocket Companies in December 2021.<\/p>\n\n\n\n

Since then, the app has evolved into a holistic financial sidekick that can help you \u201csave more, spend less, see everything, and take back control of your financial life.\u201d<\/p>\n\n\n\n

Rocket Money\u00a0claims that it will eliminate unnecessary subscription charges, negotiate and reduce your bills, automatically save for you, educate you on sound money management and your credit score, and teach you budgeting skills. Its basic features are free, and you can add on premium tools if you think you need them.<\/p>\n\n\n\n

But is Rocket Money worth it? As this review finds, while the app has some standout features, its premium tools are lacking. Below, we’ll explain all of our findings \u2014 and why Empower’s free dashboard<\/a> might be a smarter choice for more advanced features.<\/p>\n\n\n\n

Rocket Money Review: Is Rocket Money Safe and Legit?<\/strong><\/h2>\n\n\n\n

The Bottom Line: <\/strong>Yes, Rocket Money is safe and legit.<\/p>\n\n\n\n

It has the same bank-grade encryption software used by companies like Venmo, and the app has thousands of positive reviews from real people on sites like Reddit, TrustPilot, and more. While we can\u2019t promise it will be right for you, it\u2019s definitely not a scam.<\/p>\n\n\n\n

The Rocket Money app<\/a> finds and eliminates costly and unused subscriptions, negotiates with service providers to reduce your monthly expenses, and helps you budget and manage your finances.<\/p>\n\n\n\n

It\u2019s like having an accountant in your back pocket working 24 hours per day to lower your expenses and save you money. If you don\u2019t have the time or inclination to go over your bank statement with a fine-tooth comb, the Rocket Money app could plug some holes in your budget you didn\u2019t even know were there.<\/p>\n\n\n\n

But once you’ve cleaned up your unused subscriptions, Rocket Money’s utility may be limited. <\/p>\n\n\n\n

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Get started on Rocket Money<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

Who is Rocket Money Best For?<\/strong><\/h2>\n\n\n\n

If you\u2019re a busy person or suspect you\u2019re paying for things you shouldn\u2019t, try Rocket Money<\/a> (you can try it for free).<\/p>\n\n\n\n

\"rocket<\/a><\/figure>\n\n\n\n

Like thousands of other people, I signed up for Apple Streaming to watch the comedy series Ted Lasso during COVID. 3 months later I realized I had been paying for Apple TV+ without even realizing it.<\/p>\n\n\n\n

In a few minutes, I had canceled the subscription right from my phone.<\/p>\n\n\n\n

While a $6.99\/month subscription may not make or break the bank, a recent survey<\/a> showed that Americans are paying $133 more per month on recurring subscriptions than they assumed. Those $6.99 subscriptions can really add up, especially over a year or two.<\/p>\n\n\n\n

The app does more than just whittle down your monthly expenses, though. It can also give you a snapshot of your financial health (and offer suggestions on how to improve it), help you budget responsibly, and show you places you might be able to easily reduce spending.<\/p>\n\n\n\n

Rocket Money<\/a> is best for:<\/p>\n\n\n\n