Personal Finance · head to head
Rocket Money vs Goodbudget
Rocket Money
Personal Finance
Cancel subscriptions and save money automatically
- From
- Free
- Rated
- -
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; Goodbudget free plan is capped at 10 regular envelopes, 10 more envelopes, 1 account, 2 devices and 1 year of history
- They diverge on capability: Rocket Money covers Subscription tracking, Goodbudget covers Envelope budgeting.
Where they differ
Only the attributes on which Rocket Money and Goodbudget actually diverge.
| Attribute | Rocket Money | Goodbudget |
|---|---|---|
| Founded | 2016 | 2012 |
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 Goodbudget
- Envelope budgeting
- Shared budgets
- Receipt scanning
- Expense tracking
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 Goodbudget
- Tracking bills and spending in one appnot Goodbudget
- Having a third party negotiate down recurring billsnot Goodbudget
Goodbudget
- Envelope method budgetingnot Rocket Money
- Sharing a household budget across a couple's devicesnot Rocket Money
- Tracking debt payoff alongside envelopesnot 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
Goodbudget
- Free plan is capped at 10 regular envelopes, 10 more envelopes, 1 account, 2 devices and 1 year of history
- Automatic bank sync is Premium only and works with US banks only
- Premium is limited to 5 devices and 7 years of history
- Free plan gets community support only; email support requires Premium
- Premium costs $10 per month or $80 per year
Pricing, plan by plan
Rocket Money
Free- FreeFree
- Subscription tracking
- Spending insights
- Bill reminders
- Premium$12/month
- Bill negotiation
- Subscription cancellation
- Smart savings
Goodbudget
Free- FreeFree
- 10 envelopes
- Basic tracking
- Plus$5.99/month
- Unlimited envelopes
- Advanced reports
- Receipt capture
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.
Choose Goodbudget if
- You need envelope budgeting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want shared budgets.
Questions people ask
- Is Rocket Money or Goodbudget better?
- Neither clearly leads. Rocket Money starts at Free and Goodbudget at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Rocket Money or Goodbudget?
- Rocket Money starts at Free and Goodbudget at Free.
- Does Rocket Money or Goodbudget 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 Goodbudget is typically brought in for.
- What can Rocket Money do that Goodbudget cannot?
- Rocket Money covers Subscription tracking, Bill negotiation, Automatic savings, Spending insights. Goodbudget covers Envelope budgeting, Shared budgets, Receipt scanning, Expense tracking. Both handle Bank accounts, Web support, IOS support, Android support.