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Financial Habits vs Rocket Money

Cancel the subscription, or change the habit.

Rocket Money does one thing better than anyone: it finds the subscriptions you forgot and, on Premium, cancels them for you. It will also call your cable company. For a lot of people that first month pays for itself, and the free tier is a real free tier.

The honest question is what happens in month four, after the subscriptions are gone. Rocket Money does things for you. Financial Habits changes what you do. Those are different products, and you may want one, both, or neither.

At a glance

Rocket Money and Financial Habits, side by side.

Side by sideRocket MoneyFinancial Habits
PriceFree tier; Premium $7 to $14 a month, you pick; negotiation keeps 35 to 60 percent of first-year savings$10 a month or $120 a year (first 60 days free on annual)
Trying itFree tier, plus a 7-day Premium trialFree MoneyMind Quiz, no account needed; 60 days free on the annual plan
How money gets inAutomatic sync through an aggregatorYou type it, or import a bank statement spreadsheet. No bank credentials handed to anyone.
What you see firstRecurring charges and upcoming billsA calendar of the month with your checking balance projected on every day, 30, 60 and 90 days out.
The methodFind, cancel and negotiate on your behalfHabit Loops: one small cue, routine and reward at a time, checked off weekly.
Weekly upkeepMostly passive; review what it foundCheck a box when a bill is paid. Five minutes on Sunday covers the week.
Looking aheadUpcoming bills list; no projected balance by dayRunning balance on every day ahead, with the low point called out.
Personality fitOne experience for everyoneMoneyMind Quiz sorts you into one of eight money personas; the plan, habits and 5-Year Wealth Plan follow it.
Investments and net worthNet worth on PremiumNet Worth tracker you update yourself. No brokerage linking.
PartnersAccount sharing on PremiumCouples mode: two incomes, one shared plan.
PrivacyCredentials for linked accounts held by a third-party aggregator; owned by a mortgage lenderNo bank linking, no third-party data aggregator.

Details about Rocket Money reflect its public pricing and features as of this writing. If something here has changed, tell us and we'll correct it.

What Rocket Money does well

Credit where it's due.

  • Finds recurring charges across your accounts and shows you the ones you'd stopped noticing.
  • Cancels subscriptions on your behalf on Premium, and negotiates bills, so the awkward phone call isn't yours.
  • A usable free tier: subscription tracking, bill reminders, a credit score, transaction history.
  • Backed by Rocket Companies, so it isn't going anywhere.

Who it fits

Rocket Money is the right call for some people.

  • People who suspect they're paying for things they forgot, and want them found and killed fast.
  • Anyone who wants a free starting point with no commitment.
  • People who'd rather someone else make the calls.

Where it wears people out

What members tell us made them look around.

  • The free tier stops at two custom categories, so the planning half of the app is effectively Premium.
  • Premium is pay-what-you-think-is-fair, typically $7 to $14 a month, and bill negotiation keeps 35 to 60 percent of the first year's savings.
  • Because it does things for you, nothing changes in how you handle money. The subscriptions come back, one at a time.
  • It's a front door to a mortgage company, and the app reminds you of that.

What we do instead

The calendar first, then one habit at a time.

  • We work on the habit, not the bill. A Cash Flow Calendar with your checking balance on every day ahead, so the leak shows up as a number on a date, not as a surprise.
  • You type your bills, which is exactly how forgotten subscriptions stop being forgotten. A bank statement spreadsheet imports if you'd rather start from history.
  • Habit Loops turn the fix into a routine: after payday, savings moves first; after a bill is paid, it gets checked off. Small, weekly, yours.
  • One price, $10 a month, no percentage of anything.

Straight answers

Questions people ask before switching.

Will Financial Habits cancel subscriptions for me?
No. It shows you every recurring bill on the calendar with a running balance, which makes the forgotten ones obvious, and then it's your call and your cancellation. If you want the phone call made for you, Rocket Money's Premium does that.
Is there a free version of Financial Habits?
The MoneyMind Quiz is free and needs no account. The app is $10 a month or $120 a year, with the first 60 days free on the annual plan. There's no free tier with a paywall inside it.
Does it connect to my bank?
No. You type it or import a bank statement spreadsheet. That's the design: nothing syncs, so nothing surprises you.
Can I use both?
Yes, and some members do: Rocket Money's free tier to sweep for subscriptions, Financial Habits to build the routine that keeps them from coming back.

Where that leaves you

Stay with Rocket Money

If the problem is subscriptions and phone calls you don't want to make, use Rocket Money, even the free tier.

Try the calendar

If the problem is that the month keeps surprising you, the calendar is the fix. Take the quiz and see your first habit.

Five minutes. No account. Eight personas.

The quiz picks your first habit. The app is $10 a month, cancel anytime.

Take the MoneyMind Quiz Start the calendar

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