I’m sure you’ve heard of Rocket Money (formerly as Truebill) by now since you are using the app. It promises to make managing subscriptions a breeze, track your spending, and help you save. Sounds perfect, right?
But what happens when that “perfect” solution starts to feel a little too expensive, or when its features aren’t as useful as you expected?
As a retired financial planner who’s worked with families and business owners for nearly three decades, I’ve seen it all—clients who’ve signed up for apps with the best intentions, only to end up paying for things they never use. And I get it. With everything going on in life, subscriptions can easily slip through the cracks.
The problem is, those little charges add up—and Rocket Money, like any service, isn’t for everyone.
So, why might you want to cancel Rocket Money, and how do you go about it? Let’s dive in.
Why You Might Want to Cancel Rocket Money
Before we get into the “how,” let’s talk about why you might consider canceling Rocket Money.
From my years working with clients, I’ve learned that one-size-fits-all solutions often don’t work for everyone. Rocket Money can be a great tool for tracking subscriptions, but not everyone will find it worthwhile.
1. Price Tag:
A lot of my clients have pointed out the cost of Rocket Money as a key reason for canceling. While the app starts with a free plan, the paid version can run you up to $348 per year.
For some, that’s a steep price for a tool that tracks subscriptions they can easily manage themselves. Plus, with so many free alternatives out there, it’s worth considering whether Rocket Money’s features justify the expense.
2. Limited Features:
I had a client, Amy, who used Rocket Money for about six months. She wanted to streamline her budget, but she found that the app’s features didn’t provide the level of detail she was looking for.
She ended up switching to a more comprehensive budgeting app, and in the process, saved herself some cash.
3. Privacy Concerns:
Another concern I’ve heard from clients is about data privacy. Rocket Money connects to your bank accounts to track your spending, and some people just aren’t comfortable with that level of access.
If that’s a dealbreaker for you, it may be worth reconsidering the service.
Rocket Money Review: Is Rocket Money Safe, Free and Trustworthy? Or a Scam?
How to Cancel Rocket Money
If you’ve decided it’s time to part ways with Rocket Money, don’t worry—it’s not a complicated process. Here’s a step-by-step guide that’ll make canceling as painless as possible.
| Ways to Cancel Rocket Money Subscription | Can I? |
| Yes | |
| Rocket Money App | Yes |
| Company Website | Yes |
| PayPal | Yes |
1. Cancel Through the Mobile App
Most clients I’ve worked with prefer managing things directly through their phone. If you’re in the same boat, here’s how to cancel via the app:
- Open the Rocket Money app.
- Tap on your profile icon in the bottom right corner.
- Tap on “Subscriptions”.
- Select “Cancel” next to your subscription.
Pro Tip:
Make sure to take a screenshot of your confirmation email once you’ve canceled. I’ve had clients come back months later saying they were still charged—having that proof can save you a headache.
2. Cancel Through RocketMoney.com (Website)
If you’re more of a desktop person (hey, I totally get it), you can cancel through their website:
How to Cancel Rocket Money Account Membership on Website
- Go to RocketMoney.com and log into your account
- Go to RocketMoney.com and log in to your account.
- Navigate to Account Settings.
- Under “Subscriptions,” click “Cancel”.
- Tap the Settings (⚙️) icon in top left corner of your Dashboard
- Select “Profile” from the side menu
- Scroll down and tap “Delete my account”
Pro Tip:
Sometimes the cancellation isn’t processed immediately, so keep an eye out for any follow-up emails confirming that your subscription has been officially canceled.
3. Contact Rocket Money Customer Support
If you’re having trouble with the cancellation process (it happens to the best of us), you can always reach out to Rocket Money’s customer support team.
They can guide you through the steps or handle the cancellation for you.
Simply visit https://www.rocketmoney.com/cancel and follow the instructions to cancel online.
To Cancel Rocket Money By Email:
- Email Rocket Money support at support@rocketmoney.com and request cancellation of your account.
- Ask them to respond confirming that the account has been deactivated
- “Always double-check cancellation confirmations to avoid unexpected charges,” advises Rocket Money Support.
4. To Cancel Rocket Money through PayPal:
- Log into your PayPal account and on the left, choose “Payments”.
- Click “Manage Scheduled Payments”,
- then click “Rocket Money Budget and Bill Tracker”.
- Select “Cancel”,
- then “Cancel Automatic Payments”,
- and click “Done”.
Alternatives to Rocket Money: What Else Can You Use?
Not all cancellation journeys end in frustration, though! Some of my clients have found that exploring alternatives to Rocket Money actually saved them more money and gave them features that were a better fit for their goals. Let’s take a look at some of the top alternatives that might suit your needs.
SIGN UP FOR A FREE EMPOWER ACCOUNT TODAY!!
Alternatives to Rocket Money
Rocket Money has helped over 3.4 million users manage their finances and subscriptions.
- Monarch Money (Monarch Money Review)
- Best For: Advanced financial tracking
- Pricing: $9.99/month
- Key Features: Goal tracking, budgeting, and bank connections
- Credit Karma
- Best For: Free credit-focused users
- Pricing: Free
- Key Features: Free credit reports, some subscription management
- YNAB (Real-World YNAB Insight)
- Best For: Strict budgeters
- Pricing: $14.99/month
- Key Features: Zero-based budgeting, proactive money management
What Are the Best Alternative Apps Like Rocket Money?
Client Case Studies: How People Are Using These Tools
Let’s talk about Emily, a busy professional who was struggling to manage her subscription services. She was frustrated because she didn’t know where all her money was going every month.
Rocket Money helped her find some of those hidden subscriptions, but after trying it for a while, she realized the app didn’t offer the level of control she needed.
She switched to Monarch Money, a tool I recommended to her, and found it gave her more granular insight into her spending habits. Emily loved the budgeting features, and within months, she saved enough to put toward her savings goal.
- Case Study: A user successfully canceled multiple subscriptions online, saving $200 in fees.
- Case Study: A user switched from Rocket Money to a manual tracking system and found it more cost-effective.
Final Thoughts: What You Can Do Now
If you’ve decided to cancel Rocket Money, you’re already taking the first step toward gaining control over your finances. As a financial planner, I’ve seen how people can thrive by taking proactive steps like this. Audit your subscriptions, evaluate what you actually use, and explore some of the great alternatives out there to ensure you’re getting the most out of your money.
Remember, financial freedom is built on small, smart decisions, and this is one of them. So, are you ready to free up some cash? Cancel your subscription today and start working toward your goals. It’s time to take charge of your money—and your future.
- Sharing the article with your friends on social media – and like and follow us there as well.
- Sign up for the FREE personal finance newsletter, and never miss anything again.
- Take a look around the site for other articles that you may enjoy.
Note: The content provided in this article is for informational purposes only and should not be considered as financial or legal advice. Consult with a professional advisor or accountant for personalized guidance.
