Rocket Money review

When it comes to selecting best budgeting apps and personal finance software, most of us are looking for something quick and easy to use. Time is money, so having something like Rocket Money close at hand makes total sense. As its creator’s state on the website, Rocket Money is an app that has been designed to help you save more and spend less. What’s more, there’s a free version although the real value comes from the Rocket Money Premium edition.

Either way, Rocket Money is a great tool that is available for both iOS and Android, along with a very good desktop incarnation for good measure, that is one of the best-looking creations out there. It’s easy to use and chock full of features with the bonus of credit reporting that adds additional value to an already impressive package. On top of that, there are everyday tools for tracking spend, monitoring expenses and also managing subscriptions.

• Want to try Rocket Money? Check out the website here

Admittedly, some might find the paid-for incarnation of Rocket Money a little more than they wanted to lay out. However, there are enough features and functions that make Rocket Money feel like good value, although it faces competition from the likes of perennial favourite Quicken and also Simplifi.

Rocket Money: Pricing

The good news is that Rocket Money is initially free to use, with a straightforward download and setup procedure that introduces you to its core features. However, in order to access the more useful Premium features, there’s a suggested monthly fee of $10 and you can actually choose whether or not to pay more or less between $3 and £$12, presumably depending on what you think of it. Whatever route is taken, the billing cycle is an annual one, which might not appeal if you prefer more of a pay-as-you-go approach to personal finance apps.

Rocket Money: Features

Once the Premium edition has been accessed, there are plenty of features that make Rocket Money feel like the outlay has been justified. First up, the app or desktop edition both offer a view of personal finances in simple but very vivid colour, with a comprehensive breakdown of personal finances being the main appeal. There are useful nudges to help with future spending and it’s also possible to setup alerts to ensure that spending never gets too wayward.

Another useful tool is the negotiator option, which can pick through your ongoing bills and scour the deals out there in order to find a way of shaving costs. Meanwhile, the Net Worth tool brings everything together and allows for much better planning when it comes to future finances. Similarly, there’s a credit scoring tool that can assist with seeing how you’ll fare in terms of securing loans and the like.

One of the novel features that lots of people don’t really think about is having the ability to find and cancel any unwanted subscriptions. This is a neat tool that can help curb spending, especially on things that might have slipped under the radar. Add on financial goal tools, budgeting assistants and some funky widgets within the interface and it’s a solid enough package.

Rocket Money: Performance

There’s plenty of appeal when it comes to the performance characteristics of Rocket Money. This is a lean and mean app, with a desktop edition to match, and it speeds along very nicely in either scenario. Naturally, as you’d expect from software that is dealing 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, crucially, secure too.

Rocket Money: Ease of use

Rocket Money is certainly an easy thing to use, whether you head for the app option or prefer a desktop variant. There’s some of the usual signing up to be done first, as well as connecting to your financial accounts, but once this is done and plugged in, progress is wonderfully straightforward. A lot of this is down the layout of the interface, which is good on the eyes for app and desktop alike. The graphics are clear and concise while there’s a clever use of colour where it’s needed most, especially when it comes to breaking down spending habits.

Rocket Money: Support

The ease of use mentioned above is a good thing as support is a little on the thin side. However, there is an email or chat facility if needed, but the great thing about Rocket Money is its simplicity. Spend some time checking out the demo or free version, which will give a good grounding in the basics, and it seems unlikely that you’ll come unstuck after advancing to the Premium edition.

Rocket Money: Final verdict

Rocket Money is a good option for anyone who needs to manage their personal finance situation more effectively. The free version is worth bypassing to get the full benefit of this app though, with either the mobile or desktop Premium editions really offering the best potential. Expect a sumptuous graphical interface, with lots of power tools that will enable you to stay on top of every aspect of your finances. Some of the reporting could be a tad better and ditto for the investment tracking potential, but Rocket Money is otherwise very solid indeed.

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