Take full control of your subscriptions with Rocket Money (2024)

FAQs

Take full control of your subscriptions with Rocket Money? ›

Open Rocket Money and go to the Recurring tab. At the top of the page, tap on the '+' symbol and select 'Add a Bill/Subscription' You'll be prompted to enter the name of the bill/subscription. You can either select from your list of services or create a custom name.

Open Rocket Money and go to the Recurring tab. At the top of the page, tap on the '+' symbol and select 'Add a Bill/Subscription' You'll be prompted to enter the name of the bill/subscription. You can either select from your list of services or create a custom name.

Rocket Money instantly finds and tracks your subscriptions. It will even cancel unwanted subscriptions for you at the push of a button.

Is Rocket Money safe? Rocket Money utilizes the same security technology as banks do including 256-bit encryption. Its partner, Plaid, is trusted by many prominent fintech companies including Venmo. In short, Rocket Money is about as safe as any online financial service can be.

Select the Recurring tab 🗓️ on the bottom left on mobile and upper left on web. Next, tap All, near the top of the screen to see your complete list of subscriptions. After that, tap on three dots “•••” the right of the subscription. Select Cancel Service option!

Rocket Money uses advanced algorithms to analyze your transactions and automatically identify your subscriptions and bills. If you are missing subscriptions, first make sure that you have linked the account that you pay the subscription with to Rocket Money.

First, divide and conquer. Identify all your subscriptions. Check your credit card statements for recurring payments. One easy way to do this is use a subscription tracking tool, such as Rocket Money or OneMain Trim, which finds and then helps you cancel subscriptions you no longer want.

🧑 Great for budget-conscious users, Rocket Money provides tools to monitor spending and optimize savings with minimal effort. It's also a helpful app for people who want some help negotiating their bills, as Rocket Money works with several popular companies to lower things like phone or internet bills.

While there are some cancellations that can be processed and completed the same day you submit your request, we do say that cancellations can take up to 10 days to account for the time it can take us to contact other services' support teams and process the cancellation request with them.

What is the Rocket Money controversy? ›

The complaint alleges that the manipulative design of Rocket Money's interface and its misleading representations to consumers are unfair, deceptive, and abusive practices under the Dodd-Frank Act.

This means Mint is more comprehensive for creating custom budgets and managing your spending, but Rocket Money has more features overall. Our Rocket Money vs. Mint breakdown is going to examine what features these apps have in common as well their unique features.

There are three credit bureaus holding your credit score information: Experian, Equifax, and Transunion. To access your credit score in the app, tap on the More tab at the bottom of the Dashboard in the mobile app > Credit Score > Unlock my Full Report and provide your information. It will not impact your Credit Score.

I checked out Monarch Money, NerdWallet, Rocket Money, Quicken Simplifi, and YNAB, and Monarch Money, at $99 a year, is my top pick. Pros: Easy to set up, with powerful tools for analyzing your finances and building a budget.

While Rocket Money is a free app, there are several optional paid services and features that could result in a charge or transfer appearing on your bank or credit card statement: Smart Savings Deposits: These are not charges, but deposits into a Smart Savings account that's tied to your Rocket Money account.

If Rocket Money thinks a certain bill is too expensive, they may offer to negotiate that bill on your behalf. But they'll also take a cut of the savings—which kind of defeats the purpose. Rocket Money charges 30–60% of the amount they help you save for the year.

One of the most comprehensive ways to see what you're paying for is to look at your bank and credit card transactions, performing a search for every transaction in the previous full month. It may be a lot to scroll through, but each monthly subscription will appear at least once in that time frame.

Contact the company that runs the subscription you want to cancel. If the company has instructions on how to cancel, follow those. Keep a copy of your cancellation request, along with notes about any conversations you had and how and when you canceled. Watch your bank or credit card statements.

Check your credit card statements from the last year for recurring payments, says Tiffany Aliche, a financial educator and author. One easy way to do this is to use a subscription tracking tool, such as Rocket Money or OneMain Trim, which finds and then helps you cancel subscriptions you no longer want.

The easiest and best way to find recurring charges on your credit card is to carefully review your credit card statements. "Check your credit card statement every single month, but don't just look at the balance," says Erik Skjodt, co-founder and CEO of personal finance app Budge Money.