A Detailed Rocket Money App Review: The Best Finance Manager
There’s a common problem faced by most millennials these days; it’s the bills and their online subscription. Most of us don’t even realize that we are paying for so many unnecessary online subscriptions, magazines, and streaming services (Ex=
Amazon Digital Charges) that we barely use, and then we complain about the amount we spend on these bills.
This is why there are apps like
Rocket Money that help us with our bill management and monthly expenses as well. It can even help you to track your monthly spending. But before you take any step further it is also crucial that we read a few Rocket Money reviews and make sure if it’s safe or not and that’s what we are going to discuss today. What is Rocket Money?
Rocket Money is a budget management app that helps you save money and monitor where your money is going. There’s a free as well as a premium version of the app, you can start with the free version only and track everything with its most interactive interface and useful budget tracker. It has a lot of incredible and exceptional features for its users but its primary and most in-demand attribute is its bill negation feature.
Well, there’s actually a lot to learn about the app and you will get it all in this rocket money app review, starting with some pros and cons of the same.
What are the Pros and Cons of Rocket Money?
Well, now you know what Rocket Money serves you and what baggage it comes with. It can
help you come out of your bad credit, and also take 30% of what you saved, so the decision will be up to you.
Let’s now move ahead and learn some of its top features and learn what it serves us with.
Rocket Money Review: Its Major Features
The answer to your query, “What is rocket money” can be understood by learning some major features of Rocket Money. Here’s what you should know:
In simple and straightforward terms, Rocket Money is a personal financing tool that can help you
minimize investment risk and offers many other related features, some of them are free and some of them are paid.
The app is available for both Android and iOS users, you can simply download the app from your respective Play Store, login or sign up for it to get started, you can either start with its free version or opt for the paid version and you are all set for your budgeting.
Talking about its primary features, here in this rocket money review you will get to encounter them all:
Financial Tracking- Here you can track your balance, monitor your bank account transactions, breakdown down all of your monthly and even yearly expenses, upcoming bills, online subscriptions, and whatnot. Credit score- You know how important it is to maintain a good credit score, don’t you? Here you can get all-time access time to your credit score with no hassle. Budgeting- You can create up to two budgeting categories and track them both. Regular alerts- You will get regular alerts whenever your bank account hits a certain balance.
Well, that’s what you get when you opt for the free version, let’s also take a look at what’s there in the premium version as well:
Credit score and credit reports- With premium, you can get access to your credit score as well as your credit report. Pay in advance- It also offers you up to $120 in advance for your next paycheck. Shared accounts- You can also share your account with someone else; spouse, parents, or other family member. Premium chat- Since you’re a premium user, you get instant chat support during business hours.
And that’s what you get when you decide to manage your accounts with Rocket Money, let’s now find out how to do that.
Financial Tracking with Rocket Money
The unique part about Rocket Money is that it has the most exceptional budgeting software. Plus, as compared to the other budgeting tools available in the market, it is quite better of them all. If you are a business owner, Rocket Money can be a game changer as it can help you make the
ledger accounting sheet for your business.
The best part is, its interactive software is actually the simplest, it’s too complex, so users can view their spending and savings in no time. One can easily view everything right on the home screen and find out if they’re spending more than they’re saving or bringing in.
Budgeting is quite different from tracking your spending, on Rocket Money, you get a budgeting feature that you will find right on your dashboard, and get started with a single tap.
You can use the dollar slider to manage how much you are planning to spend on every category, you can create as many categories as you want, like dinner, day out, bills, etc. and the app will keep track of each of your spending. The app even pulls off past transactions to help you set a realistic budget.
And that is how you can start budgeting with Rocket Money in no time, but there’s also something you should know about Rocket Money, I know you are looking for answers to is rocket money safe or is rocket money legit? But don’t worry, we’ll get on to that, but before that, there are a few things you should know and keep in your mind before signing up for Rocket Money.
Things You Should Know About Rocket Money
It is quite obvious that you should be aware of the device or software you’re investing your time and money in. Well, the same goes for Rocket Money, you should definitely know is rocketmoney safe, what it offers, how it works, and everything else about it. So far, I have made you familiar with its pros and cons, and its prominent features. Let’s now take a look at some more of its features and dig a little deeper into it:
Since you know that it comes with a free and a paid version, its free version is so far the best of all. Most users won’t even require a paid subscription of it since the free one comes with most of it. There’s a free seven days trial of the premium version, so you can try it for yourself before opting for it. You may get a free trial period for its premium package, but its pricing can be a bit too complex. The monthly subscription to Rocket Money is between $3 and $12. The fee unlocks various interesting features. In addition to that, Rocket Money charges a 30%-60% success fee from the total negotiated bill after the end of the year. Well, the fee it charges from the negotiated bill is paid upfront. For example, if you have saved around $20 on your bill this month, that makes your total savings $240 so if you are suggested to pay 40% of the bill, you will have to pay $94 upfront. This negotiation bill fee can be way too much sometimes, users have often complained about it being too much. Is Rocket Money Safe?
Well, after all this, there must be one thing in your mind that you’re looking for quite desperately; is Rocket Money legit or is it safe to use Rocket Money? So the answer to this is yes, it’s safe. It uses various security practices to keep all of your data safe and secure. In fact, it works with Plaid, a leading financial data connection service that many other tech giants like FinTech use. Not just that, all the information that you share or provide to the Rocket Money app is end-to-end encrypted. Hence, all in all, the app is totally safe and secure to use.
Is Rocket Money Worth It?
And finally, it all comes down to if the app is even worth it or not. Well, to be very honest, this depends on every individual, as everyone has their own way of spending and saving.
Talking about Rocket Money, well, there’s a free version of the app, so why not give it a try? You can get access to all of its major features for free and see if it works out or not.
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