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Trim and Rocket Money are two apps designed to help you cut your spending on everyday bills and subscriptions. However, they also offer other useful features to help with your finances.
There are a few unique differences between the two apps. The premium features on Trim are only available for OneMain or Brightway customers. However, you can still utilize its free version for some basic budgeting applications. Rocket Money offers both a free and a premium version. Its premium version provides a broader range of premium features that may appeal to you, including credit monitoring and insights.
Convenience is another big area where the apps differ. Trim is not available through an app, which may make it less accessible to you. Rocket Money is available on desktops, as well as the Apple App Store and Google Play.
Compare Trim vs. Rocket Money
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| Type of app | Budgeting | Budgeting |
| Cost | Free, with some features only available to OneMain or Brightway customers | Free, with optional paid features; $6 to $12 per month for Rocket Money Premium |
| Bill negotiation cost | Free, but it is only available to OneMain or Brightway customers | 35% to 60% of first year's savings |
| Availability | Desktop web browsers | Desktop web browsers and mobile apps (Android and iOS devices) |
| Best for | Tracking spending and monitoring subscriptions | Budgeting and bill negotiation |
| Read our review | Visit Rocket Money |
Which budgeting app should you choose?
Here are a few key considerations to keep in mind when choosing between Trim and Rocket Money.
When you should choose Trim
You could choose Trim if you have access to Trim's full suite of features through OneMain or Brightway. If you do have full access to Trim, it could be a good option because it's free. This way, Trim can cancel and manage your subscriptions for you and negotiate bills.
Trim is also best for you if you prefer to manage your budget on a computer rather than through an app on your phone, as it's only available through its web browser.
When you should choose Rocket Money
Opt for Rocket Money if you want to develop better money habits and achieve your long-term savings goals. Its free version offers a customizable budgeting app that is available on both desktop and mobile devices (Android and iOS). However, Rocket Money stands out with its premium features, including net worth tracking and assisted subscription cancellations.
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What both budgeting apps excel at
Both Trim and Rocket Money are designed to help you figure out how to manage your money in simple, yet effective ways. Their end goal is to help you save money, which they accomplish through their various available features. Because their goal is the same, it's not surprising that many of their features share similar aspects.
Here are a few areas where both budgeting apps excel:
Bill negotiation
It's important to note that Trim's bill negotiation services are only available to OneMain or Brightway customers. Rocket Money's are available to anyone, but the company does take a percentage of the money it saves you.
Negotiating a bill is a foreign concept for many of us because we're used to buying products or services at their listed prices. Outsourcing the whole ordeal to professionals can make a lot of sense, as well as cents. And in some cases, many apps similar to these may be able to help with bills you didn't know you could renegotiate.
Subscription tracking
Trim and Rocket Money make it easy to spot duplications like this and otherwise manage your subscriptions through your applicable online account. Then it's up to you to decide which ones to keep and which ones to cancel. Last year, I found out I'd been paying for two Hulu subscriptions for six months!
Financial account tracking
Trim and Rocket Money take your same banking data and make it easy to see where you might be able to cut back on monthly spending. You can quickly see how much you've spent this month and see whether you're on track to stay under your saved budget.
Savings goals
I am a very visual person, so I am always looking for new ways to see and track my savings. Both apps provide options to save for specific goals, which is often helpful for those trying to get ahold of their finances.
3 important differences
Here are a few important differences between Trim and Rocket Money:
1. Cost
Whenever evaluating any finance-related app, it's important to take the cost into consideration. After all, you don't want to spend more on the app than the value it's providing.
Trim's subscription tracking and budgeting services are completely free. Its bill negotiation services are also free, although they are only available if you are a OneMain or Brightway customer.
Rocket Money is free to use if you don't want any of its premium features, like Smart Savings, Premium Chat, unlimited budget plans, and credit score activity. This isn't a bad deal if you're primarily interested in bill negotiation and tracking your subscriptions. Of course, you'll have to pay between 35% and 60% of your first year's savings whenever Rocket Money lowers one of your bills, whether or not you pay for a premium account.
Winner: It's a tie. If you can access all of Trim's features for free because you're a OneMain or Brightway customer, then that may be the better deal. But if you don't have access to those features, Rocket Money provides a lot more value for its relatively low costs.
2. Accessibility
Your Rocket Money personal finance dashboard can be accessed through a desktop web browser or directly from its mobile app on a compatible iOS or Android device. Keep in mind, the Rocket Money mobile app is more developed than the desktop version, so it's easier to use and see all your financial information in one place.
The desktop version mainly shows your subscriptions and recurring charges from your linked bank account and not much else. However, this shouldn't be a problem if you prefer to use mobile apps for their accessibility.
Trim doesn't have a mobile app, so you can only access your account from a web browser. This isn't a huge deal for some people, but it might be a dealbreaker for others. It would be for me. The easy accessibility of a mobile app can help you keep better track of your finances.
Winner: Rocket Money because of its easy-to-use mobile app.
3. Additional features
It may seem like both apps essentially do the same thing at first glance, but that's not entirely true. If you dig deeper into their differences, you'll see that Rocket Money has a few more unique features.
For example, Rocket Money allows you to automate savings transfers with its Smart Savings feature. You can also access your credit score activity if you pay for Rocket Money Premium, which you won't find on Trim. Personally, I get this same feature from Credit Karma, so it's not totally unique, but if you're just looking between Rocket Money and Trim, this might set Rocket Money apart.
Winner: Rocket Money because it offers more features that are more accessible to more people.
FAQs
Is the Trim app safe?
Yes, the Trim app is safe. According to the Trim website, it uses encrypted databases and other security measures to protect your banking information, such as two-factor authentication.
Is the Rocket Money app legit?
Rocket Money is a legit financial services app that helps people manage their money in different ways. It focuses on helping you save money by tracking your subscriptions so you can cancel them if you want. You can also use Rocket Money to negotiate lower bills from major companies like T-Mobile, Verizon, AT&T, and more. Rocket Money has been in business since 2015 and has saved its users more than $14 million during that time.
Does Rocket Money really cancel subscriptions?
Yes, Rocket Money can actually help cancel subscriptions. You'll need a premium membership to access this service. Rocket Money can also lower rates for cable bills, internet bills, cell phone bills, and more. If Rocket Money helps you lower a bill, it takes 35% to 60% of your first year's savings. If your bill isn't lowered, Rocket Money won't take anything. To date, Rocket Money has helped its users save more than $14 million since its inception in 2015.
Does Rocket Money charge a fee?
Rocket Money charges 35% to 60% of your first year's savings if it helps you lower a bill, no matter which account type you have. If your bill isn't lowered, you don't pay the negotiation fee.
Is Rocket Money safe?
Rocket Money offers certain security features to protect its users, including bank-level security and 256-bit SSL encryption, and two-factor authentication, so it's considered relatively secure. It also stores sensitive user data on Amazon Web Services, which is the hosting server that the Financial Industry Regulatory Authority and NASA use.
Bottom line
There's no clear winner between Trim and Rocket Money because it depends on what you have access to. Either could be a good choice among best money-saving apps, but it really depends on if you have access to Trim's full features.
Rocket Money is a good choice for most people because of its clear bill-negotiation features, its mobile app, and its more comprehensive financial tracking features.
If Trim and Rocket Money don't sound like the right options for you, check out our picks for the best budgeting apps.
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Rocket Money Benefits
- Helps to find and cancel subscriptions
- Slash your monthly phone, cable, and internet bills
- Save an average of up to $720 a year