Rocket Cash vs. Quicken Simplifi [2024]: Which is the Higher Budgeting Software?

Rocket Cash and Quicken Simplifi are two nice budgeting apps that you need to use to handle your cash and funds. They each have a spread of options that may make it easier to preserve observe of your spending.

When evaluating Rocket Cash versus Quicken Simplifi, the most effective app for you will depend on the functionalities you want. Quicken Simplifi is a user-friendly budgeting instrument that may make it easier to see the place you spend your cash. Nevertheless, Rocket Cash could also be a better option if you happen to want extra options to assist minimize your payments, handle your subscriptions, and get monetary savings.

Key takeaways

• Quicken Simplifi is an easy-to-use budgeting app for individuals who need to outline month-to-month spending limits and financial savings objectives.
  
• Quicken Simplifi prices $3.99 per thirty days, billed yearly, but it surely regularly runs promotions that scale back the first-year charge for brand spanking new prospects.
  
• Rocket Cash gives comparable budgeting capabilities to Quicken Simplifi. It additionally may help you cancel pointless subscriptions, negotiate decrease payments, and get overdraft and late charges refunded.
  
• Though Rocket Cash gives a free model, high options are solely accessible with a paid premium subscription that the corporate says ranges in value from $6 to $12 a month or as little as $4 a month when billed yearly.

Rocket Cash vs. Quicken Simplifi at a look

Our verdict

Whereas Quicken Simplifi prices $3.99 per thirty days (billed yearly), it doesn’t supply as many options as Rocket Cash’s premium subscription, which begins at $4 per thirty days, which is a negligible distinction for a greater worth. It goes past easy budgeting options to supply assist reducing your payments, chopping extraneous prices, and saving you cash. Plus, Rocket Cash helps you save for a wet day with its computerized financial savings plan.

How does Rocket Cash work?

Rocket Cash is a monetary administration app that helps you funds and minimize bills. It assists you in canceling undesirable subscriptions, negotiating decrease payments, and getting refunds on overdrafts and late charges.

Rocket Cash was beforehand often called Truebill till it was acquired by Rocket Firms, proprietor of Rocket Mortgage and Rocket Loans, in 2021.

Like most private finance apps accessible as we speak, Rocket Cash can connect with your monetary accounts, together with loans and financial institution accounts. This may help you observe your spending and funds your cash. Rocket Cash has a free budgeting app model that provides these monitoring options.

However if you wish to entry options like subscription cancellations, computerized financial savings, and overdraft and late charge refund requests, it’s good to pay for a premium subscription. The app helps you to title your worth, and it usually falls between $4 and $12 per thirty days.

I positively may see worth within the subscription concierge service as a result of conserving observe of all of the subscriptions might be actually anxious. And corporations (shock, shock) don’t essentially make cancellation a breeze, so if Rocket Cash can deal with that disagreeable activity for me, it’s nice.

Go to Rocket Cash

… Or learn our Rocket Cash assessment.

How does Quicken Simplifi work?

Quicken Simplifi is a comparatively new budgeting app from Quicken that allows customers to trace their spending and set objectives for budgeting and saving cash.

Because the title implies, Quicken Simplifi can simplify your funds by providing you with an general image of the place your cash goes every month. Quicken Simplifi connects to over 14,000 monetary establishments, so you need to use it to trace your checking and financial savings accounts in addition to your bank card spending and funding accounts.

Every transaction is categorized, and you may create customized classes. You can too set limits in your deliberate spending in a sure class. For instance, if you wish to spend $400 on groceries for the month, you’ll be able to set this restrict in Quicken Simplifi, and it’ll notify you while you get near it.

What I really like about Quicken Simplifi’s Spending Plan is that it means that you can work with nearly any budgeting system you want. For instance, you may want a zero-based funds or the extra generalized 50/30/20 rule for budgeting, or there are many different choices to suit each budgeting persona.

Quicken Simplifi prices $3.99 per thirty days, billed yearly. Nevertheless, Quicken Simplifi regularly runs promotions that scale back the first-year charge for brand spanking new prospects.

Go to Quicken Simplifi

… Or learn our Quicken Simplifi assessment.

Rocket Cash vs. Quicken Simplifi: What each firms excel at

If you wish to know the right way to handle your cash, observe your spending, and save in your payments, each Rocket Cash and Quicken Simplifi may help. Each packages connect with 1000’s of economic establishments like banks, credit score unions, and bank cards to watch your revenue and spending.

Each Rocket Cash and Quicken Simplifi even have budgeting options that can assist you set monetary objectives and preserve observe of the place your cash goes. And while you hyperlink your property and liabilities to your Rocket Cash or Quicken Simplifi account, each apps will present your web price, offering a motivating quantity you’ll be able to watch because it adjustments (ideally, because it grows).

4 vital variations between Rocket Cash and Quicken Simplifi

Let’s break down the 4 most important variations between Rocket Cash versus Quicken Simplifi to get a way of the higher app for you.

Value

Rocket Cash gives a free model, and Quicken Simplifi doesn’t.

Nevertheless, to entry Rocket Cash’s strengths, similar to automated financial savings and subscription cancellations, you’ll must pay. It’s a bit unclear on-line, however in accordance with one assist part article, the premium subscription prices between $6 and $12 per thirty days, or as little as $4 per thirty days when billed yearly. Rocket Cash additionally prices you 35% to 60% of any cash it saves you in your payments.

Value is extra simple with Quicken Simplifi, at $3.99 a month, billed yearly. And if you happen to seek for Quicken Simplifi proper now, likelihood is good that you simply’ll see a proposal even decrease than that ($2.99 per thirty days for me).

Nothing is cheaper than free, so if you happen to’re simply beginning to study budgeting expertise, I’d say to go together with Rocket Cash’s free model. That’ll offer you an opportunity to get the grasp of it and determine what options matter most earlier than springing for a paid budgeting app.

Total options

Rocket Cash goes past budgeting and expense monitoring to supply extra superior options. Whereas Quicken Simplifi is an easy, easy-to-use budgeting instrument, it doesn’t supply as many options as Rocket Cash’s paid model.

Think about what Rocket Cash may help you with that Quicken Simplifi can’t: canceling subscriptions, negotiating payments, and automating your financial savings.

Rocket Cash wins on this class since its paid model gives a bit extra performance than Quicken Simplifi.

Invoice negotiation

The premium model of Rocket Cash may help you get monetary savings in your payments. For instance, it could possibly assist with payments folks don’t suppose to renegotiate to get a greater worth and get monetary savings.

Quicken Simplifi doesn’t supply this functionality. You possibly can observe your subscriptions in Quicken Simplifi to see the place your cash goes, however you have to cancel the undesirable ones your self. The app gained’t do it for you.

Rocket Cash comes out on high in taking good care of pesky duties of invoice negotiating and subscription cancellation. Nevertheless, remember that you simply’ll pay 35% to 60% of the cash saved (which is okay, since you continue to come out forward).

Finances classes

With Rocket Cash, you get two customized funds classes with the free model and limitless classes with the premium service. You must manually add transactions to your customized classes for them to rely towards your spending totals.

Quicken Simplifi lets you create a vast variety of funds classes, and you may create guidelines to robotically assign these classes when extra transactions are loaded.

Say you need to observe a 50/30/20 rule of budgeting, the place 50% of your revenue goes to wants, 30% goes to needs, and 20% goes to financial savings. You possibly can set these objectives in Quicken Simplifi and customise the transactions as to what’s a necessity, need, or financial savings.

When you’ve set your objectives or deliberate spending, in Quicken Simplifi, this system notifies you when you’re getting close to the spending limits you set. If you wish to customise your funds, Quicken Simplifi is the best way to go.

Which budgeting app must you select?

Deciding between Rocket Cash and Quicken Simplifi will come right down to their options and prices.

When it is best to select Rocket Cash

You must use Rocket Cash if you happen to want help placing cash apart in financial savings, canceling undesirable subscriptions, or negotiating a greater fee on a few of your payments, like your cellphone or web service.

Rocket Cash helps you to title your worth, beginning at $6 per thirty days (or $4 per thirty days when billed yearly), so it doesn’t value much more than Quicken Simplifi, however you get extra options in your cash. Remember that some options might find yourself costing you extra money, such because the invoice negotiation function that prices 35% to 60% of the quantity you saved.

Total, Rocket Cash helps you:

• Handle subscriptions
  
• Robotically get monetary savings
  
• Negotiate your payments
  
• Finances your bills and revenue
  
• Monitor your credit score rating and historical past
  
• Monitor your web price

When it is best to select Quicken Simplifi

You must select Quicken Simplifi if you’d like a easy, easy-to-use technique to observe your spending and construct and observe a funds. Quicken Simplifi is a powerful contender while you need strong categorization options.

Quicken Simplifi prices $3.99 per thirty days (billed yearly), making it about equal to the premium subscription to Rocket Cash.

Total, Quicken Simplifi helps you:

• Set financial savings objectives
  
• Monitor your funds progress
  
• Get custom-made studies in your funds
  
• Monitor your investments
  
• Customise your transactions
  
• Mission your money move
  
• Monitor your credit score rating and historical past
  
• Monitor your web price

What elements to contemplate earlier than selecting

Think about your wants and the kind of budgeting make it easier to need when deciding between Rocket Cash and Quicken Simplifi.

For instance, if you happen to need assistance saving for a wet day or chopping again on extraneous subscriptions, Rocket Cash could be a greater possibility than Quicken Simplifi. Rocket Cash’s premium subscription gives a lot of the budgeting capabilities of Quicken Simplifi after which some.

Then again, if you happen to’re the form of one that loves spreadsheets and monitoring your revenue versus bills to see the place your cash goes, Quicken Simplifi could be the budgeting instrument for you.

You also needs to contemplate your potential to check the app. For instance, Rocket Cash gives a free model, so you’ll be able to mess around with the app earlier than you buy the premium plan. Whereas Quicken Simplifi doesn’t supply a free model, they do supply a 30-day money-back assure.

FAQs

Backside line

To attain your monetary objectives, similar to shopping for a house, getting a brand new automobile, or reserving a visit to Europe, you might must funds and handle your funds. Cash administration apps like Rocket Cash and Quicken Simplifi may help with this.

Each Quicken Simplifi and Rocket Cash are high quality budgeting apps with comparable worth factors. Apart from budgeting, Rocket Cash’s premium plan can negotiate decrease payments, cancel subscriptions, and switch cash into your financial savings robotically. Quicken Simplifi gives extra customization in your funds.

Since you need to use Rocket Cash free of charge with out the Premium options, you might need to signal as much as take a look at out their capabilities and interfaces earlier than you spend money on both app. You can too discover comparable choices, similar to SoFi®¹ and You Want A Finances (YNAB), in our checklist of the most effective budgeting apps.