Thursday, December 5th
2024 Personal Finance Software Reviews
Rocket Money
- Free option available
- Costs from $3 to $12 per month depending on your needs
- Includes budgeting, bills, and payments
- 7-day free trial
- Mobile app and desktop option
- Designed for multiple operating systems
- Bill negotiation feature
Rocket Money is an older company in the personal finance industry, having originally been known as Truebill before its acquisition and rebranding by Rocket Companies. But its age is only a bonus.
Impressive capabilities
Rocket Money delivers impressive capabilities to assist you with your finances by consolidating financial transactions from various sources and by offering a range of money management features comparable to those found in some of the most popular applications on the market. Rocket Money distinguishes itself with its top-notch user interface and navigation system, which allows it to offer you quick solutions to your finances with zero hassle. You can use Rocket Money on any platform, desktop and mobile, so it's highly accessible to any user.
Focuses on user-friendliness
The buzz is that most customers have found Rocket Money to be more user-friendly than the majority of personal finance applications. Rocket Money stands out with its uncomplicated and intuitive navigation tools, coupled with an aesthetically pleasing interface featuring clear icons, buttons, links, and a straightforward menu for easy browsing through what is normally a dense topic with lots of confusing numbers. The company serves 5 million+ current members, and offers a free "learning center” to help break down what could be frustrating aspects of your financial membership into easy-to-do tasks with zero stress.
Simplify financial management
Rocket Money offers an array of features to simplify your financial management, from tracking subscriptions and spending to helping you save automatically and monitor your credit score. It also offers a unique service of negotiating bills on your behalf, saving you time and potentially reducing your expenses. With features like Net Worth and Budgeting, you can gain a comprehensive understanding of your financial situation and work towards your financial goals with confidence.
Features built to simplify your life
Some of these user-friendly features include:
- Subscription Management: Rocket Money helps you manage your subscriptions effortlessly by automatically identifying and tracking them
- Spending Insights: Easily keep an eye on your spending across all your accounts in one convenient place
- Bill Negotiation: Say goodbye to long wait times; Rocket Money can negotiate your bills for you
- Net Worth: Get a comprehensive financial overview by linking all your assets and debts
- Autopilot Savings: Start saving without the hassle of actively thinking about it
- Credit Scores: Take charge of your credit health and access your free credit score
- Budgeting: Keep your spending in check and set financial goals for your top spending categories
Free and premium options
Rocket Money is a free app with optional paid services, and here's how it all works. For premium, you can "choose your own price” for Premium, ranging from $3 to $12 per month, with the lower-cost options billed annually. Basically, you choose which price you want to pay (on the sliding scale) and you'll see which features are unlocked at that price point. Premium features offered include balance syncing, Premium Chat, Cancellations Concierge, Custom Categories, Unlimited Budgets, Smart Savings, and more.
Cancel anytime
Premium subscriptions renew automatically but can be canceled anytime within the app by going to Settings, selecting Premium, and following the steps to cancel. You can also choose to add bill negotiation for an extra fee. However, you're only charged if the negotiation is successful. The fee is a percentage of the first-year savings, and you can choose between 30% to 60% when submitting a negotiation request.
7-day free trial and cancel any time
While Rocket Money doesn't offer a money-back guarantee, they do promise that you can cancel your subscription anytime with no hassle. On top of that, you do get access to a 7-day free trial, so you can test out the premium features before you have to start paying.
Popular on desktop and the app
Rocket Money has a solid reputation. The company has earned a "B” rating and accreditation from the Better Business Bureau. On top of that, third-party review sites like Trustpilot show that Rocket Money has an impressive 4.6-star rating out of 5. Plus, Rocket Money's app is just as competitive with a 4.4-star average rating across the Google Play and Apple stores. In general, customers praise how easy the platform is to use, and how much they've learned about finances just from using the app for a short time. With comments that call Rocket Money "amazing” and "life-changing,” it's clear to see that this service offers a lot of benefits to customers looking to improve their finances across the board.
Rocket Money is out of this world
The bottom line is Rocket Money is a comprehensive personal finance management app with enough free features to get you started and competitive prices for their premium membership. With all the benefits including free trials, budgeting assistance, and help managing your subscriptions, this is a modern finance app for all your modern money concerns. Given the wide praise from reviewers, Rocket Money has soared to the top of the pack, earning a 5-star rating and the #1 spot on our list for personal finance software.
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The 10 Best Personal Finance Software
What is the Best Personal Finance Software Out There Today?
Are you eager to explore the world of personal finance software to get more control over you cash and spending? Are you feeling frustrated with your current financial management tools? Whether you're a seasoned investor looking for advanced features or a financial novice ready to embark on the path to financial security, selecting the right personal finance software is a crucial decision for your financial well-being.
One of the most significant advantages of personal finance software is its ability to help you grow your assets. But in a world filled with software options, picking out the best program to help you with budgeting, investment, and financial planning can seem like an overwhelming task.
Personal Finance Software FAQ
Continued from above...
Let's take a look at the basics. Personal finance software is a powerful tool designed to help individuals effectively manage their financial well-being. This software allows you to take more direct control of your finances, helping you chart a course towards your monetary goals. Unlike a simple spreadsheet or manual bookkeeping, personal finance software provides an automated solution for tracking your income, expenses, investments, and financial progress. This way, you don't need to stress about your different accounts and rest easy knowing you have control over every aspect of your financial portfolio.
As you consistently manage your money and investments using this software, you'll learn tips and tricks for making more money with less work, and the software will help you maintain your current accounts and investments so that you can increase your gains safely. Personal finance software not only assists in tracking your financial transactions but also offers insights, tools, and projections to optimize your budget, minimize debt, and maximize your savings.
There are a ton of personal finance software options available, but with so many possibilities it's important to find one that actually meets your financial needs. From basic budgeting tools to comprehensive financial suites, these software solutions offer a range of features and capabilities.
Budgeting software focuses on tracking daily expenses and income, helping you create a balanced budget. Investment tracking software allows you to monitor your investment portfolios and make informed decisions. Comprehensive financial suites often combine budgeting, investment tracking, and financial planning tools for a holistic financial management experience. Depending on what you're looking for, the personal finance software you choose might be very different from what another customer needs.
So, how do you go about choosing the right personal finance software? The decision can seem complicated, but we're here to make it simpler for you. Here are several essential factors that can help you narrow down your options:
- Pricing. Consider the cost of personal finance software. Many software options offer free or basic versions, while others require a subscription or a one-time purchase. Evaluating the pricing structures helps you determine which software aligns with your budget and provides value for your investment.
- Features and tools. Understand the features and tools available within the software. Does it offer budgeting, investment tracking, or financial planning features? The breadth of tools helps you be sure that your software choice adequately covers your financial objectives.
- User experience. Check out the user-friendliness and intuitiveness of the software's interface. An easy-to-use interface can keep you engaged, motivated, and in control of your finances.
- Customer support. And, if you're still not sure, check out the user ratings and reputation of the company and its customer support. Reliable customer service is essential when you're entrusting your financial management to the software.
To make your quest for the ideal personal finance software simple, Top Consumer Reviews has reviewed and ranked the top services out there today. Our goal is to get you started on your financial journey with confidence and ease. So, with the stress taken out of deciding, you can turn your focus to what's really important: managing your finances, and your future, and maybe finally setting aside that fun money you deserve!
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