When it comes to selecting the best budgeting apps and personal finance software, most of us look for something quick and easy to use. Time is money, so having something like Rocket Money on hand makes a lot of sense. As its creator states on the website, Rocket Money is an app that has been designed to help you save more and spend less. Additionally, there is a free version although the real value comes from the Rocket Money Premium edition.
Either way, Rocket Money is a great tool that's available for both iOS and Android, along with a very nice desktop incarnation for good measure, which is one of the best-looking creations out there. It's easy to use and packed with features with the bonus of credit reporting adding extra value to an already impressive package. On top of that, there are everyday tools to track expenses, monitor expenses, and also manage subscriptions.
Admittedly, some might find the paid incarnation of Rocket Money a little more than they wanted to present. However, there are enough features and functions that make Rocket Money seem like a good option, although it faces competition from the likes of perennial favorite Quicken and also Simplifi.
Rocket money: prices
The good news is that Rocket Money is initially free to use, with a simple download and setup procedure that introduces you to its main features. However, to access the most useful Premium features, there's a suggested monthly fee of $10 and you can actually choose whether or not to pay roughly between $3 and £$12, presumably depending on what you think about it. Whichever route you take, the billing cycle is annual, which may not be appealing if you prefer a pay-as-you-go approach to personal finance apps.
Rocket money: features
Once you have accessed the Premium edition, there are many features that make Rocket Money feel like the outlay is justified. Firstly, both the app and the desktop edition offer a view of personal finances in simple but very vivid colors, with the main attraction being a complete breakdown of personal finances. There are helpful nudges to help with future spending and it's also possible to set up alerts to ensure spending never gets too wayward.
Another useful tool is the negotiator option, which can review your ongoing invoices and explore available offers to find a way to reduce costs. Meanwhile, the Net Worth tool brings everything together and allows for much better planning when it comes to future finances. Similarly, there is a credit scoring tool that can help you see how you will fare in terms of getting loans and the like.
One of the new features that many people don't really think about is having the ability to find and cancel unwanted subscriptions. This is a good tool that can help curb spending, especially on things that might have gone unnoticed. Add financial goal tools, budget wizards, and some funky widgets within the interface and you've got a pretty solid package.
Rocket money: performance
There is a lot of appeal when it comes to Rocket Money's performance features. This is a simple and effective application, with a desktop edition to match, and it works very well in any scenario. Naturally, as you'd expect from software that deals with personal finances, there's also 256-bit encryption, which is standard fare for bank-level processes. That means connecting to bank accounts is simple, straightforward and, above all, secure too.
Rocket Money: Ease of Use
Rocket Money is certainly easy to use, whether you opt for the app option or prefer a desktop variant. There's some of the usual registration to do first, as well as connecting to your financial accounts, but once that's done and you're connected, progress is wonderfully easy. Much of this is due to the interface design, which is good for both apps and the desktop. The graphics are clear and concise, while there is clever use of color where it is needed most, especially when it comes to breaking spending habits.
Rocket money: support
The ease of use mentioned above is a good thing as the stand is a bit thin. However, there is an email or chat feature if needed, but the best thing about Rocket Money is its simplicity. Spend some time checking out the demo or free version, which will give you a good grounding in the basics, and it seems unlikely that you'll be stuck after upgrading to the Premium edition.
Rocket money: final verdict
Rocket Money is a good option for anyone who needs to manage their personal financial situation more effectively. However, it's worth skipping the free version to get the full benefit of this app, as the Premium mobile or desktop editions really offer the best potential. Expect a sumptuous graphical interface, with many powerful tools that will allow you to stay on top of all aspects of your finances. Some of the reporting could be a little better and the same goes for the investment tracking potential, but otherwise Rocket Money is very solid.