Hi Guys,
I’m Javy, the founder of Money6xx, and I have a deep passion for earning and saving money through online platforms. Over the years, I’ve explored countless apps and tools designed to help people manage their finances, save money, and even generate passive income. One app that has caught my attention and the curiosity of many around me is Rocket Money. Friends and readers often ask me: Is Rocket Money safe? Is Rocket Money free? How much does Rocket Money cost? How much is Rocket Money?
These are important questions, and I know that understanding the financial tools you use is crucial. That’s why I decided to break down everything you need to know about Rocket Money in this article. I’ll cover its features, costs, safety measures, and real benefits so you can determine whether it’s a smart choice for you. Personally, I’ve saved over $600 a year just by using Rocket Money to cut out unused subscriptions and lower my internet and phone bills. Some users complain about the 40% bill negotiation fee, but considering the savings, I find it well worth it. If you’re looking for a smart way to reduce expenses, avoid overdraft fees, and increase savings, Rocket Money is an excellent financial tool.
Plus, I’ll share my own experiences, including how I save money and even make money using this app. Let’s dive in!
What is Rocket Money?
Rocket Money is a personal finance app designed to help users track their expenses, manage subscriptions, and save money. Originally launched as Truebill, the app was rebranded to Rocket Money and has since grown significantly.
Rocket Money works by connecting to your bank account and automatically analyzing your spending habits. It identifies recurring subscriptions, unnecessary charges, and potential savings opportunities. If you’ve ever subscribed to a streaming service, gym membership, or software subscription and forgotten about it, Rocket Money helps you cancel it instantly.
Additionally, Rocket Money has features like bill negotiation, which means it will try to lower your internet, cable, or phone bill on your behalf. If it succeeds, you keep most of the savings while Rocket Money takes a small cut. This feature alone can save you hundreds of dollars per year.
Overall, Rocket Money acts as a personal finance assistant, helping you stay on top of your money and avoid overspending. It’s a great tool for anyone looking to improve their financial health, whether you’re saving for a big purchase or just trying to cut unnecessary costs.
Is Rocket Money Safe?
One of the biggest concerns people have before using financial apps is security. So, is Rocket Money safe? The short answer is yes, Rocket Money is safe to use.
Here’s why Rocket Money is considered a secure platform:
- Bank-Level Security: Rocket Money uses 256-bit encryption, the same level of security used by banks and financial institutions, to keep your data protected.
- Read-Only Access: Rocket Money does not have access to withdraw or transfer money from your bank account. It only reads your transactions to help you analyze your spending.
- Millions of Users Trust It: Rocket Money has been used by millions of people and has thousands of positive reviews across platforms like Trustpilot, the Apple App Store, and Google Play.
- No Selling of Personal Data: Unlike some apps that sell user data to third parties, Rocket Money states in its privacy policy that it does not sell your personal information.
When I started using Rocket Money, I was hesitant about linking my bank account. But after researching and seeing that the app has a strong reputation and doesn’t have direct access to my money, I felt comfortable using it. So far, I’ve had no security issues, and my experience has been 100% safe.
Is Rocket Money Free?
A lot of people ask, Is Rocket Money free? The answer is both yes and no.
Rocket Money offers a free version, but it comes with limited features. If you want access to premium tools like subscription cancellation, automated savings, and credit score monitoring, you will need to upgrade to Rocket Money Premium.
Free Version vs. Premium Version
- Free Plan: Allows you to track expenses, see your subscriptions, and get basic financial insights.
- Premium Plan: Costs between $3 to $12 per month (you choose how much you want to pay). It includes features like bill negotiation, smart savings accounts, and premium customer support.
- Subscription Negotiation Fee: If Rocket Money successfully negotiates a lower bill for you, it takes 40% of the savings as a service fee.
For basic financial tracking, the free plan is good enough. However, if you want advanced features like bill negotiation and automatic savings, you might find the premium plan worth the cost.
Rocket Money Login: Step-by-Step Guide to Access Account Securely
Logging into Rocket Money is simple and secure. Follow these steps to access your account and start managing your finances effortlessly.
Step 1: Visit the Rocket Money Website or Open the App
- If you are using a desktop, go to the Rocket Money official website.
- If you are using a mobile device, open the Rocket Money app (available on iOS and Android).
2: Click on “Log In”
- On the homepage of the website, find the “Log In” button, usually located in the upper right corner.
- In the mobile app, launch the app, and you will see the login screen.
3: Enter Your Email and Password
- Type in the email address associated with your Rocket Money account.
- Enter your password correctly.
- Double-check for typos, especially in case-sensitive passwords.
4: Click on “Sign In”
- Once you have entered your details, click the “Sign In” button to proceed.
- If your details are correct, you will be redirected to your dashboard.
5: Enable Two-Factor Authentication (Optional but Recommended)
- For additional security, enable two-factor authentication (2FA).
- This will require an extra verification step using an SMS code or email confirmation when logging in.
Step 6: Access Your Dashboard
- After a successful login, you will be taken to your Rocket Money dashboard, where you can:
- Track your spending and transactions
- Manage and cancel unwanted subscriptions
- Set up budgeting and savings goals
- Use bill negotiation to lower your expenses
Troubleshooting Login Issues
If you have trouble logging in, try these solutions:
- Forgot Password? Click on “Forgot Password” and follow the instructions to reset your password.
- Incorrect Email or Password? Double-check your credentials for typos.
- App Not Opening? Ensure the app is updated to the latest version.
- Still Facing Issues? Contact Rocket Money Customer Support for further assistance.
By following these steps, you can securely access your Rocket Money account and take full control of your finances!
How Much Does Rocket Money Cost?
Many people wonder, how much does Rocket Money cost? It depends on the plan you choose.
Rocket Money Premium operates on a pay-what-you-want model. You can choose to pay as little as $3 per month or as much as $12 per month. The features remain the same regardless of what you pay.
The only additional charge is if you use bill negotiation services. If Rocket Money helps you lower your internet, phone, or cable bill, it takes 40% of the savings. For example, if Rocket Money lowers your monthly bill by $100, they will take $40, and you keep the remaining $60.
How to Earn Money Using Rocket Money
As someone who loves making money online, I always look for ways to monetize finance apps. While Rocket Money doesn’t directly pay you, it helps you save money, which is just as important as making money. Here’s how I use Rocket Money to increase my savings and financial freedom:
1. Cancel Unused Subscriptions
Before using Rocket Money, I was paying for several unused subscriptions. The app found five subscriptions I forgot about, including a gym membership I hadn’t used in months. By canceling those, I saved over $300 per year.
2. Lower Monthly Bills
Rocket Money negotiated my internet and phone bills, lowering them by $25 per month. That’s an extra $300 per year in savings without doing anything!
3. Automated Savings
The app has a smart savings feature that moves small amounts of money into a savings account without me noticing. I set it to save $10 per week, and in six months, I had over $250 saved effortlessly.
4. Avoid Overdraft Fees
The Rocket Money alerts me when my bank balance is low, helping me avoid expensive overdraft fees.
Rocket Money Reviews: I Earned $600 From Rocket Money?
Rocket Money has received thousands of reviews from users who appreciate its ability to track expenses, manage subscriptions, and save money effortlessly. Many people praise it for helping them cancel unwanted services and negotiate lower bills, saving them hundreds of dollars annually. Personally, I’ve saved over $600 a year just by using Rocket Money to cut out unused subscriptions and lower my internet and phone bills. Some users complain about the 40% bill negotiation fee, but considering the savings, I find it well worth it. If you’re looking for a smart way to reduce expenses, avoid overdraft fees, and increase savings, Rocket Money is an excellent financial tool. Based on my experience, I highly recommend it for anyone serious about optimizing their finances and keeping more money in their pocket.
Final Thoughts: Should You Use Rocket Money?
If you’ve been wondering Is Rocket Money safe? Is Rocket Money free? How much does Rocket Money cost? You now have all the answers!
Rocket Money is a safe, legitimate app that helps users save money, cancel unwanted subscriptions, and lower their bills. Whether you choose the free version or upgrade to premium, it’s a valuable tool for anyone looking to improve their financial habits.
Have you used Rocket Money? Let me know in the comments below!
For more money-saving tips and ways to earn online, stay tuned to Money6xx!