Rocket Money

Rocket Money, formerly known as Truebill, was acquired by Rocket Companies (makers of Rocket Mortgage) in 2021 for $1.28 billion. It has since grown into one of the most popular subscription management and bill reduction services available.

## Core Features

**Subscription Detection:** Rocket Money scans your connected accounts and automatically identifies recurring charges — streaming services, gym memberships, software subscriptions, and charges you may have forgotten about. Users find an average of $720/year in unwanted subscriptions.

**Bill Negotiation:** Rocket Money's negotiators will call your service providers (cable, internet, phone, insurance) to negotiate lower rates on your behalf. The service takes a percentage of first-year savings as its fee — typically 30-60%.

**Smart Savings:** The app lets you set savings goals and automatically moves money from checking to savings at intervals you define. The AI calculates how much you can safely save based on upcoming bills and spending patterns.

**Budgeting and Spending Insights:** Rocket Money categorizes transactions and surfaces spending trends, giving you a clear picture of where money goes each month.

## Premium Features

The free version includes subscription detection and basic budgeting. The Premium plan ($6-12/month) adds bill negotiation, credit score monitoring, net worth tracking, and priority customer support.

## Track Record

Rocket Money has helped users cancel over 5 million subscriptions and save over $500 million collectively. The bill negotiation team has a high success rate on cable, internet, and insurance bills.