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It will categorize them (you may need to check the accuracy) and identify subscriptions or recurring charges you may want to cancel.
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Recently, they’ve rolled out cash advances as well. To compete with apps such as Acorns and Digit, Rocket Money also offers “smart savings” that automatically sock away money. They negotiate on your behalf, then collect a portion of your savings. Rocket Money also offers a program called “TrueProtect” in which they attempt to lower your recurring bills (cable, auto insurance, etc.). Set spending limits and create a budget.Rocket Money promises to help you do three things to “take back control of your financial life”: Let’s dive into the features of both platforms and the pros and cons of Rocket Money vs Mint. Mint is a bit more full-featured than Rocket Money, but both platforms offer a free version for budgeting and transaction monitoring. As with Mint, you can categorize your transactions and set budgets, then compare your spending to those. To help you save money, it offers to negotiate lower bills on your behalf. Rocket Money (formerly Truebill) promises to show you the true shape of your spending habits. Since then, it has evolved into a full money management app, complete with goal-setting, budgeting, credit score monitoring, and more. It was one of the first platforms that would automatically scan and categorize your transactions, so that you could see where your money was going. Mint to find out which is best for your personal situation is key before downloading either application. Bottom line: Which is the best free budgeting app between Rocket Money vs Mint?Ĭomparing Rocket Money vs.
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Can Rocket Money actually help lower your bills?.How your budgets are set up and categorized.
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4 important differences between Rocket Money and Mint.
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