Monarch Money vs Rocket Money
By Itai Varochik | Updated 2026
Quick Verdict
Overall Winner: Monarch Money (4.5/5)
We tested Monarch Money and Rocket Money side-by-side. Monarch Money comes out ahead overall, but Rocket Money may be better for specific use cases.
Score Breakdown
| Criteria | Monarch Money | Rocket Money |
|---|---|---|
| Features | 8.5/10 | 7.5/10 |
| Ease of Use | 9/10 | 9/10 |
| Value for Money | 8/10 | 8/10 |
| Customer Support | 8/10 | 7.5/10 |
| Overall | 8.5/10 | 8/10 |
Feature Comparison
| Feature | Monarch Money | Rocket Money |
|---|---|---|
| Budgeting | Yes | No |
| Investments | Yes | No |
| Net Worth | Yes | No |
| Goals | Yes | No |
| Collaboration | Yes | No |
| Bill Negotiation | No | Yes |
| Subscriptions | No | Yes |
Pricing Comparison
Monarch Money: $14.99/mo or $99.99/yr
Rocket Money: Free – $12/mo
Monarch Money Pros & Cons
Pros
- Beautiful modern interface
- Investment tracking + budgeting
- Net worth dashboard
- Couples collaboration
Cons
- No free tier
- Newer platform
Rocket Money Pros & Cons
Pros
- Average user saves $740/year
- Automatic subscription detection and cancellation
- Bill negotiation team (pay only if they save you money)
- Clean, intuitive mobile interface
- Credit score monitoring (Premium)
- Smart savings automation
Cons
- Premium costs $4-$12/month
- Bill negotiation takes 30-60% of first year savings
- Free tier limited to subscription tracking
- No investment tracking
- Some subscriptions harder to cancel than others
Key Specifications
| Spec | Monarch Money | Rocket Money |
|---|---|---|
| Rating | 4.5/5 | 4.2/5 |
| Pricing | $14.99/mo or $99.99/yr | Free – $12/mo |
| Year Founded | 2019 | 2015 |
| Headquarters | San Francisco, CA | Washington, DC |
Our Verdict
Monarch Money wins overall. Choose Monarch Money if you value Mint refugees. Choose Rocket Money if you prioritize Subscription-heavy consumers.
Frequently Asked Questions
Is Monarch Money better than Rocket Money?
Based on our testing, Monarch Money scores higher with a rating of 4.5/5 compared to Rocket Money's 4.2/5. However, the best choice depends on your specific needs.
What is the main difference between Monarch Money and Rocket Money?
Monarch Money is known for: Modern personal finance dashboard for budgeting, investments, and net worth.. Rocket Money is known for: Bill negotiation and subscription cancellation app..
Which is cheaper, Monarch Money or Rocket Money?
Monarch Money pricing: $14.99/mo or $99.99/yr. Rocket Money pricing: Free – $12/mo.
Can I use Monarch Money and Rocket Money together?
While both tools serve similar purposes in the Budgeting Apps category, some users do use complementary features from both platforms.
What are the pros of Monarch Money?
Beautiful modern interface. Investment tracking + budgeting. Net worth dashboard
What are the pros of Rocket Money?
Average user saves $740/year. Automatic subscription detection and cancellation. Bill negotiation team (pay only if they save you money)
Which budgeting apps should I choose?
Choose Monarch Money if you value Mint refugees. Choose Rocket Money if you prioritize Subscription-heavy consumers.