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Personal Finance · head to head

Rocket Money vs EveryDollar

Rocket Money logo

Rocket Money

Personal Finance

Cancel subscriptions and save money automatically

From
Free
Rated
-
Full reviewWebsite
EveryDollar logo

EveryDollar

Personal Finance

Budget every dollar, build wealth faster

From
Free
Rated
-
Full reviewWebsite

The short version

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

Where they differ

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

Attributes where Rocket Money and EveryDollar differ
AttributeRocket MoneyEveryDollar
Founded20162014

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

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 Rocket Money

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

Only in EveryDollar

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

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.

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

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

Where each one falls short

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

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

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

Pricing, plan by plan

Rocket Money

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

EveryDollar

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

Which should you pick?

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

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

Questions people ask

Is Rocket Money or EveryDollar better?
Neither clearly leads. Rocket Money starts at Free and EveryDollar at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Rocket Money or EveryDollar?
Rocket Money starts at Free and EveryDollar at Free.
Does Rocket Money or EveryDollar run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Rocket Money for free?
Both have a free tier, so you can try either at no cost before committing.
What is Rocket Money best used for?
Rocket Money is most often used for finding and cancelling unwanted subscriptions, tracking bills and spending in one app, having a third party negotiate down recurring bills. Of those, finding and cancelling unwanted subscriptions and tracking bills and spending in one app are not what EveryDollar is typically brought in for.
What can Rocket Money do that EveryDollar cannot?
Rocket Money covers Subscription tracking, Bill negotiation, Automatic savings, Spending insights. EveryDollar covers Zero-based budgeting, Transaction tracking, Budget planning, Financial insights. Both handle Bank accounts, Web support, IOS support, Android support.
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