Our Rocekt Cash Evaluation gives you a really feel for a way Rocket Cash works and why you’d profit from utilizing it!
Rocket Cash is a private finance device that helps you take management of your funds by providing you with the flexibility to see the place your cash is going- and should you’re being overcharged.
Like most individuals, you’ve in all probability been overcharged by your service suppliers not less than as soon as (and sure greater than that!).
These conditions are irritating, however Rocket Cash can assist get monetary savings every month and clean out your monetary life.
Key Takeaways: Rocket Cash Evaluation
Earlier than I get into all the small print, right here’s a fast overview of Rocket Cash:
- It’s possible you’ll acknowledge the title Truebill, however it’s no extra, and now you’ll use the Rocket Cash web site.
- Rocket Cash affords a free and premium model of their app.
- The free app consists of monetary monitoring, budgeting, and credit score rating options.
- The premium account consists of extra options, equivalent to stability alerts, a Good Financial savings account, and so on.
- This private finance app is primarily a invoice negotiation service: a premium function is invoice negotiation.
- They supply bank-level encryption to make sure the privateness and safety of your information.
- Additionally they supply a free 7-day trial of the Rocket Cash Premium subscription.
What Does Rocket Cash Do?
Rocket Cash is a superb device for serving to customers to stay a frugal life-style and handle funds.
One of many app’s important options is its budgeting device, which helps customers monitor their spending and keep inside their funds to assist keep away from life-style inflation.
The Rocket Cash app additionally offers premium customers tips about saving cash and providers equivalent to negotiating decrease costs on payments and subscriptions.
Get Refunds On Charges & Outages
The Rocket Cash app will scan your financial institution transactions and month-to-month payments for charges, like an overdraft charge or late charge.
They’ll work to get you a refund for these charges that will help you decrease your payments every month.
One in every of Rocket Cash’s most respected features is reporting service outages and making an attempt to get again cash for these disrupted providers.
The service could hold monitor of cable, telephone, and web supplier service failures after which ask for a refund in your behalf.
Handle & Cancel Subscriptions
Are you aware how a lot you might be spending on subscriptions and recurring payments? No? You’re not alone! It’s straightforward to lose monitor of how a lot you spend on month-to-month subscriptions.
Rocket Cash can assist you retain monitor of your subscriptions and even cancel subscriptions in your behalf. It’s a good way to save lots of on belongings you is probably not utilizing anymore.
You’ll be able to determine which subscriptions you wish to hold and which of them you wish to cancel.
For instance, when you have a fitness center membership that you simply by no means use, Rocket Cash can cancel it and prevent a month-to-month charge.
The app may also work to barter higher charges for the subscriptions you wish to hold, like a decrease charge in your cable invoice, for instance.
Rocket Cash Plans
Rocket Cash has a free model and a paid choice for customers who need extra options.
The Rocket Cash Premium prices wherever between $3 – $12 per month- it’s a pay-what-you-can mannequin, which I really like.
Additionally they supply a free 7-day trial of their premium options.
Right here’s extra on Rocket Cash’s options:
Free Options
- Month-to-month Budgeting
- Monetary monitoring
- Steadiness alerts
- Credit score rating
Premium Options
- Invoice Negotiation
- Syncing your stability
- Premium Chat
- Cancellations Concierge
- Customized Classes
- Limitless Budgets
- Good Financial savings
- $120 Pay Advance
- Actual-Time Account Sync
3 Steps To Decrease Your Payments
Rocket Cash is a free service at first.
You’ve got to enroll in the Rocket Cash premium membership and pay a month-to-month charge to get extra important financial savings.
Rocket Cash fees a “financial savings charge” of 40% for each greenback from the subscription providers Rocket Cash can decrease. You aren’t charged if Rocket Cash’s invoice negotiation is unable to save lots of you cash.
So, for example- saving $100 for you, the Rocket Cash price is $40.
Right here’s how premium customers can rapidly get Rocket Cash to save lots of on payments:
1. Choose Your Supplier
The checklist of invoice suppliers on Rocket Cash is fairly complete. A number of the corporations on the checklist embrace AT&T, Comcast, and Time Warner Cable – all massive names that supply varied providers.
In case your supplier isn’t listed, you’ll be able to submit a request for them to be added.
2. Join Your Invoice(s)
On this step, you’ll give Rocket Cash entry to your month-to-month billing statements by utilizing TrueProtect.
Connecting the 2 accounts may be finished by coming into your invoice supplier login info or importing a picture of the invoice on the Rocket Cash portal.
However to not fear, Rocket Cash makes use of Plaid to supply bank-level safety and encryption when connecting to your financial institution accounts.
TrueProtect permits Rocket Cash to attempt to decrease your recurring payments (like your cellphone invoice) by negotiating in your behalf.
If Rocket Cash saves you cash, they cost a one-time success charge to your bank card, aka the 40% cost from the subscriptions it efficiently negotiated that I discussed earlier.
3. Begin Saving!
After you’ve accomplished all of the steps, sit again and chill out. Rocket Cash will analyze your payments and work to start out saving.
The corporate has a reasonably success charge, reportedly saving customers a median of $180 per 12 months.
Finances & Monitoring
Rocket Cash’s Finances and Monitoring function is straightforward. It permits customers to see their spending habits and simply monitor their month-to-month funds.
Free model customers can create two budgets, however with Rocket Cash Premium, customers can create a number of budgets.
The budgeting function may be discovered underneath “Begin a funds” in your Rocket Cash dashboard.
The monitoring function of Rocket Cash is among the most straightforward I’ve seen. You’ll be able to immediately see your money circulation and the way a lot you’ve spent this month whenever you open the app.
Underneath the spending tab, you’ll be able to see all of your transactions. There’s a filter to seek for particular transactions made on any linked accounts.
There are additionally month-to-month reviews that you could generate to point out the place your cash goes
Rocket Cash Premium Companies
Whereas the free model affords some nice options, the premium account options on Rocket Cash price simply $3 – $12 monthly (billed yearly)
At that value, you get entry to:
Syncing Balances
One of many Premium options I like is syncing your checking account stability. It makes it straightforward to maintain monitor of your cash in a single place.
You’ll be able to hyperlink all of your financial institution accounts and transactions to see how a lot cash you will have left in your account.
To get began, join your checking account and bank card accounts to Rocket Cash. Then, go to the settings tab and choose “Allow Steadiness Sync.”
Premium Chat
You will have questions occasionally. With the chat, you’ll be able to join with Rocket Cash’s wonderful customer support to reply your questions rapidly.
Should you don’t wish to chat with help, yow will discover the solutions within the Rocket Cash information library, or you’ll be able to e-mail help for assist.
Cancellations Concierge
Rocket Cash saves you cash with its premium providers function invoice known as cancellations concierge. This function is great when you have a variety of payments and don’t have the time to cancel subscriptions.
Rocket Cash displays and works that will help you cancel your providers – out of your cellphone plan to your cable subscription.
You need to present the concierge along with your account info, they usually’ll handle the remainder and cancel subscriptions for you.
The free model offers you with directions on canceling subscriptions and getting financial institution charge refunds, however you don’t must raise a finger with the paid model!
Limitless Budgets With Customized Classes
This function permits you to monitor as many budgets as attainable with none extra charges from Rocket Cash. You’ll be able to create budgets for something, together with meals, leisure, and journey.
For instance, you would possibly wish to create a funds in your weekly meals bills. You’ll be able to restrict how a lot you wish to spend on groceries, and Rocket Cash tracks spending habits and alerts you should you go over funds.
Rocket Cash additionally helps you to create customized classes in budgets that will help you manage your funds. Customized classes are useful when you have a variety of bills and wish to monitor them by class.
Pay Advance
You need to use Rocket Cash to get money early- merely apply in your pay advance as much as 15 days earlier than your payday.
As soon as your test arrives, Rocket Cash deducts the cash you owe out of your checking account. This service comes with no curiosity, so you’ll be able to focus in your funds with out worrying about extra charges.
Good Financial savings Function
What I really like greatest about Rocket Cash is the way it has computerized options to save lots of you cash, and Good Financial savings is one other excellent instance of that.
Rocket Cash offers sub-savings accounts with a Premium service known as Good Financial savings, which you should use to simplify saving for small and short-term financial savings targets.
With this function, you’ll be able to transfer cash out of your checking account to an FDIC-insured checking account to achieve your monetary targets with out interested by it.
It’s possible you’ll decide to have computerized transfers run, set up limits to keep away from overdrafting, and withdraw funds out of your financial savings accounts at any time.
For instance, you possibly can use your Good Financial savings account to withdraw $50 a month out of your checking account earlier than Christmas to pay for items.
The Rocket Cash app makes it straightforward to maintain setting apart cash for common financial savings or particular items, and it’s all within the palm of your hand!
Rocket Cash Evaluations
Need one other viewpoint on utilizing Rocket Cash? By no means hesitate to lookup different Rocket Cash opinions and the way it ranks with others.
Trustpilot is my go-to overview web site to take a look at what individuals are saying- and thus far, over 4,000 customers have nice issues to say about Rocket Cash.
It has a 4.6 out of 5 star ranking, with 89% of Rocket Cash opinions having 5 stars. That’s strong!
Rocket Cash Vs. Trim
Rocket Cash and Trim are corporations that supply related providers.
Each corporations supply invoice negotiation providers that can assist you decrease payments just like the cable firm invoice every month.
I like that Rocket Cash additionally affords credit score rating reviews, and tracks modifications in your rating.
However customers are additionally proud of utilizing Trim!
Right here’s some information on Trim to see why folks use it as a substitute of (or with!) Rocket Cash:
Trim has a philosophy that they need “to assist all hardworking People be financially wholesome!”
Trim is straightforward to make use of and affords a wide range of options that may assist you handle your funds.
Right here’s an inventory of what Trim affords at no cost:
- Subscription Cancellation
- Monitor every day financial institution transactions
- Negotiate Medical Payments
- Financial institution Negotiation – Decrease bank card APRs and get financial institution charges refunded
- Easy Financial savings (automate your financial savings)
- Automobile Insurance coverage Comparision
- Liabilities Calculator
Trim and Rocket Cash each supply invoice negotiations with over 15,000 monetary establishments. The large distinction between Rocket Cash and Trim is the quantity Trim fees for invoice negotiation.
Trim just lately lowered their charge to fifteen% of the whole first 12 months of financial savings. Keep in mind, Rocket Cash’s success charge is 40%.
However like Rocket Cash, if they can not negotiate financial savings and decrease payments for you, there isn’t a cost.
FAQs
Is Rocket Cash protected to make use of?
Sure, Rocket Cash is a protected and safe approach to handle your funds.
This private finance app makes use of the Plaid service to attach with totally different monetary establishments and encrypt your information with bank-level safety to make sure that your info is protected.
Who would profit from Rocket Cash?
Rocket Cash is a superb device for anybody who needs to decrease their month-to-month payments.
Should you’re searching for a easy approach to hold monitor of your funds, detect potential financial savings, and decrease payments, Rocket Cash is a good choice.
How a lot can I save with Rocket Cash?
It’s possible you’ll be questioning, “Can Rocket Cash save me cash?”
Rocket Cash says they will prevent a median of $180 per 12 months. Nonetheless, your financial savings will rely in your particular monetary scenario.
My Ideas
Rocket Cash is a superb device for anybody who needs to higher deal with their spending and get monetary savings every month on their highway to monetary freedom!
Protecting monitor of your spending is feasible with a free budgeting app, however Rocket Cash goes a step additional and makes it straightforward to see the place it can save you and will get the ball rolling for you.
Rocket Cash affords an easy-to-use app with a wide range of options that assist handle your funds. The paid model is even higher, providing extra options and advantages that may assist you save extra cash.
If you’re searching for an app that will help you hold monitor of your funds, I like to recommend Rocket Cash.