During college, you probably signed up for a free trial, got distracted before canceling, and still pay for it every month—without knowing.
In fact, you may even have multiple subscriptions you'd forgotten you pay for. Rocket Money finds all of your unwanted (and forgotten) subscriptions, and it can cancel them on your behalf without you having to track down each company's cancellation page.
For a new grad ready to leave dorm life behind, Rocket Money is a great tool to get your independence in order.
Download Rocket Money now:
Subscription management isn't the only thing Rocket does. Rocket Money also helps you budget by connecting to your bank accounts, tracking your transactions, and giving you a monthly overview of your spending.
But subscription management is where Rocket really shines.
Finding your forgotten subscriptions
Rocket Money connects to your bank and credit card accounts, scans your transaction history, and pulls every recurring charge onto a single screen. Streaming services, app memberships, gym memberships you forgot to cancel, and free trials that converted to paid plans all appear in one list, labeled and categorized, usually within a few minutes of connecting your accounts.
Image: Jessica Santero | WhistleOut
For a recent grad who's had the same bank account since freshman orientation, that list can be genuinely surprising. Rocket Money also tracks your credit score and net worth, making it multifunctional.
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The cancellation feature
Once you've identified the subscriptions you want gone, you can cancel them directly through Rocket Money without visiting each company's website individually. Most subscription services bury their cancellation process behind multiple confirmation screens specifically designed to make you give up and stay subscribed. Rocket Money handles that on your behalf.
The bill negotiation feature goes a step further: Rocket Money will contact your internet or cable provider and attempt to negotiate a lower rate on your behalf. When it works, it works well. There is a cost attached to that service, and it's worth reading carefully before you enable it.
One subscription worth keeping: A better phone plan
Once you've cleared out the subscriptions you don't use, it's worth checking whether your phone plan is still competitive. Verizon-network MVNOs offer the same reliable coverage at a significantly lower monthly cost.
Here are some of the most popular options right now:
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Visible
$25 Visible Plan
$25.00/mo
Taxes & Fees included
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XFINITY Mobile
Mobile Select Plan
$0.00/mo
(for the first year of service) <br>Regular rate of $30/mo. thereafter
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US Mobile
Unlimited Premium Plan
$39.00/mo
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The fine print to using Rocket Money
Rocket Money charges between $6–$12/month, depending on what features you want to use. The price is set on a sliding scale at signup. The basic subscription includes tracking and budgeting features. But if you want bill negotiation, just make sure you know what's at stake.
Rocket Money takes a percentage of the first year's savings as its fee when it successfully negotiates a lower rate.
Reddit users have been pretty vocal about this caveat. In r/personalfinance, u/ralphinator316 summed it up clearly: The app cancels subscriptions and does save you money, but the negotiation fee can take a significant cut of what you saved. Before enabling bill negotiation, decide whether you'd rather handle that call yourself and keep the full savings.
Still unsure if Rocket Money is right for you? Compare all five top budgeting apps for new earners in our full guide to the best budgeting apps for new grads.
How WhistleOut reviews apps
Our mobile experts scour the app stores looking for the best new apps for Android and iPhone. Before recommending an app, we put it to the test.
- Easy to use
Great apps simplify your phone. We select tools that don't require a complicated instructional manual. - Affordability
We lean into quality apps that don't cost a fortune. Extra points if they're free. - Hands-on testing
We tested Rocket Money by connecting real bank accounts and reviewing the subscription detection and cancellation features directly.
Rocket Money: FAQ
Is Rocket Money free?
No, Rocket Money doesn't have a free version. The most useful tools, including subscription cancellation and budgeting, require a premium subscription that costs between $6–$12/month, depending on what you choose to pay at signup.
How does Rocket Money's bill negotiation work?
Rocket Money contacts your service providers directly and attempts to negotiate a lower monthly rate. If successful, it charges a percentage of the first year's savings as its fee, so the actual cost depends on how much it saves you.
Is Rocket Money safe to link your bank account to?
Yes, Rocket Money connects through Plaid, which is a secure read-only service that cannot move funds from your account.
What is the difference between Rocket Money and Monarch Money?
Rocket Money focuses on subscription management, cancellation, and bill negotiation. Monarch Money is a broader household financial management tool with investment tracking and an AI assistant, aimed at users who are past the subscription-cleanup stage.
Jessica Santero
Staff Writer
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