There are tons of budgeting apps to choose from, and many offer similar features. The best one for you depends on your money management style and preferences, but Rocket Money is a great place to start. Buy at Rocket Money Don’t like
free version is limited
no debt playoff planning features
no investment tools
fees for bill negotiation
Formerly known as Truebill, Rocket Money won CNET’s 2024 Editors’ Choice award for best budgeting app because it’s easy to use, affordable and has all the features the average budgeter could need (plus additional perks like subscription cancellation and bill negotiation). It has a free and a premium version, and the premium version’s price tag of $6 to $12 per month puts it on the low end of the price spectrum for top budgeting apps. Is Rocket Money right for you? Read on to find out. How does Rocket Money work? The Rocket Money budgeting app links to your bank accounts to track your income and spending. It can automatically sort your transactions into specific categories, such as groceries or housing, to take some of the legwork out of budgeting. You can also edit individual transactions and create rules for sorting future transactions. Rocket Money allows you to set spending goals and shows you how much you’ve spent to date in each category. You can adjust your budget at any time to account for unexpected expenses. The free version of Rocket Money is limited but provides basic budgeting functions like expense tracking that may be sufficient for some users. The paid version, which costs $6 to $12 per month, offers advanced features like custom budget categories, automated savings and credit reports and net worth tracking. What we likeAffordable price: Rocket Money Premium costs $6 to $12 per month. How much you pay is up to you, and you’ll enjoy the same features regardless of the amount you choose. Easy to use: Rocket Money’s mobile app and online platform are both intuitive to use. Information is presented in a clean, easy-to-understand way that tells you what you need to know without overwhelming you.Lots of notifications: You can choose to receive a wide variety of notifications to stay on top of your finances, from bill increase and bank fee alerts to identity theft and credit score alerts.Savings goals: Rocket Money Premium offers a Smart Savings account to make setting money aside easier. You can set savings goals and schedule regular automatic transfers to this account. Smart Savings accounts are held by an FDIC-insured partner bank, so your money is safe up to $250,000 per account holder.Credit score and net worth tracking: Rocket Money Premium offers credit score viewing and credit report and net worth trackers. (The free version offers credit score viewing only.)Bill negotiation: Rocket Money also offers a bill negotiation service that’s available to both free and paid users. Rocket contacts your service pr