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Software · head to head

EveryDollar vs Rocket Money

EveryDollar logo

EveryDollar

Software

Budget every dollar, build wealth faster

From
Free
Rated
-
Full reviewWebsite
Rocket Money logo

Rocket Money

Software

Cancel subscriptions and save money automatically

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: EveryDollar the free version has no bank connection, so every transaction is entered by hand; Rocket Money successful bill negotiation costs a one time fee of 35% to 60% of the first year's savings
  • They diverge on capability: EveryDollar covers Zero-based budgeting, Rocket Money covers Subscription tracking.

Where they differ

Only the attributes on which EveryDollar and Rocket Money actually diverge.

Attributes where EveryDollar and Rocket Money differ
AttributeEveryDollarRocket Money
Founded20142016

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in EveryDollar

  • Zero-based budgeting
  • Transaction tracking
  • Budget planning
  • Financial insights

Only in Rocket Money

  • Subscription tracking
  • Bill negotiation
  • Automatic savings
  • Spending insights
  • Credit score monitoring
  • Credit cards
  • Utility providers

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

EveryDollar

  • Zero based monthly budgeting using the Ramsey methodnot Rocket Money
  • Tracking bills and sinking funds by categorynot Rocket Money
  • Automatically importing bank transactions into a budget on Premiumnot Rocket Money

Rocket Money

  • Finding and cancelling unwanted subscriptionsnot EveryDollar
  • Tracking bills and spending in one appnot EveryDollar
  • Having a third party negotiate down recurring billsnot EveryDollar

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

EveryDollar

  • The free version has no bank connection, so every transaction is entered by hand
  • CSV export of budget data is Premium only
  • Spending reports and historical comparisons are Premium only
  • Premium costs $17.99 per month billed monthly, and the $6.67 headline rate requires paying $79.99 for a year up front
  • The free trial lasts 14 days and is limited to new users

Rocket Money

  • Successful bill negotiation costs a one time fee of 35% to 60% of the first year's savings
  • Premium is priced on a sliding scale and the help centre publishes no fixed monthly or annual amount, stating rates vary across platforms
  • Custom budget categories, financial goal plans, credit score tracking and real time account syncing are Premium only
  • The Premium free trial is 7 days

Pricing, plan by plan

EveryDollar

Free
  • FreeFree
    • Manual budget entry
  • Plus$14.99/month
    • Bank sync
    • Mobile app
    • Transaction tracking

Rocket Money

Free
  • FreeFree
    • Subscription tracking
    • Spending insights
    • Bill reminders
  • Premium$12/month
    • Bill negotiation
    • Subscription cancellation
    • Smart savings

Which should you pick?

Choose EveryDollar if

  • You need zero-based budgeting.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want transaction tracking.
EveryDollar review

Choose Rocket Money if

  • You need subscription tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want bill negotiation.
Rocket Money review

Questions people ask

Is EveryDollar or Rocket Money better?
Neither clearly leads. EveryDollar starts at Free and Rocket Money at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, EveryDollar or Rocket Money?
EveryDollar starts at Free and Rocket Money at Free.
Does EveryDollar or Rocket Money run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use EveryDollar for free?
Both have a free tier, so you can try either at no cost before committing.
What is EveryDollar best used for?
EveryDollar is most often used for zero based monthly budgeting using the ramsey method, tracking bills and sinking funds by category, automatically importing bank transactions into a budget on premium. Of those, zero based monthly budgeting using the ramsey method and tracking bills and sinking funds by category are not what Rocket Money is typically brought in for.
What can EveryDollar do that Rocket Money cannot?
EveryDollar covers Zero-based budgeting, Transaction tracking, Budget planning, Financial insights. Rocket Money covers Subscription tracking, Bill negotiation, Automatic savings, Spending insights. Both handle Bank accounts, Web support, IOS support, Android support.
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