Peggy vs Rocket Money
Rocket Money Alternative for 2026 — Peggy
Rocket Money is great at finding subscriptions to cancel. It's not a budgeting-first app. Peggy inverts that priority — voice entry, AI chat, shared wallets, and clean daily tracking. $4/mo flat.
What Rocket Money does well (and doesn't)
The subscription scanner is legitimate
Rocket Money (formerly Truebill) built its reputation by connecting to your bank and identifying recurring charges you may have forgotten. With 10M+ users, the subscription detection has real-world scale behind it. If you genuinely want to audit your subscriptions, this feature works.
The "you saved $X" number is optimistic
Rocket Money's savings claims include subscriptions you canceled yourself through the app. The complaint corpus on Trustpilot shows a recurring theme: users feeling the "savings" headline didn't match their actual bank statement after fees and manual effort. Treat the number as optimistic, not guaranteed.
The free tier is a funnel, not a product
Rocket Money's free tier gives you transaction visibility and balance tracking — but limits you to 2 custom budget categories and withholds the features that make it useful. Full budgeting requires Premium at $6–$12/mo. Peggy has no free tier, but $4/mo covers everything.
It doesn't do voice, AI chat, or shared wallets
Rocket Money's budgeting features are rule-based and bank-sync driven. There's no voice input, no conversational AI for spending questions, and no shared wallets. It's designed for a single user managing US-based bank accounts.
Feature comparison
Verified April 2026 — Rocket Money pricing
| Feature | Peggy | Rocket Money |
|---|---|---|
| Primary purpose | Budget + expense tracker | Subscription canceler + budget tracker |
| Price | $4/mo (1-week free trial) | Free tier + $6–$12/mo Premium (you pick) |
| Free tier capability | Trial only | Balances + transactions only (limited) |
| Platforms | iOS + Android | iOS + Android |
| Voice entry | Yes | No |
| AI chat insights | Yes | No |
| Subscription detection | No | Yes (core feature) |
| Bill negotiation | No | Yes (takes 30–60% of savings as fee) |
| Bank sync | No (by design) | Yes (Plaid) |
| Shared wallets | Yes | No (single-user) |
| Multi-currency | Yes | Limited |
| Debt tracking | Yes | Yes (Premium) |
| Budget tracking | Yes (all features) | Limited on free; full on Premium |
| Custom budget categories | Unlimited | 2 on free, unlimited on Premium |
| AI categorization | Yes (per transaction) | Rule-based |
| Privacy (free tier) | N/A (no free tier) | Ad-supported / data monetized |
| User base | Pre-launch | 10M+ users |
| Google Play rating | Pre-launch | 4.6★ (117k+ reviews) |
When to use each app — or both
These two apps solve different problems. You don't have to choose exclusively between them.
Use Rocket Money if you want to cancel subscriptions
Run Rocket Money once or twice a year to surface forgotten recurring charges. Cancel the ones you don't need. That's what it's built for.
Use Peggy for daily budgeting
Track every coffee, grocery run, and dinner out by voice. Set category budgets. Ask AI questions about your spending. Share a wallet with your partner. That's what Peggy is built for.
Use both
Rocket Money for subscription auditing (occasional), Peggy for ongoing daily tracking. Combined cost: $4/mo for Peggy + whatever you choose for Rocket Money Premium.
Key differences
Budgeting is the primary product, not an upsell
Rocket Money leads with subscription management; budgeting is a secondary feature that requires Premium. Peggy is built around daily expense tracking from the ground up — every feature exists to help you understand and control your spending.
Voice capture vs. bank-sync categorization
Rocket Money pulls transactions from your bank and applies rules to categorize them. Peggy lets you log the moment it happens: say "I spent $23 at the farmers market" and it's done — no sync delay, no retroactive re-categorization.
Shared wallets vs. single-user
Rocket Money is single-user. Peggy's shared spaces let partners track expenses together in real time from any device, on any platform.
Honest pricing, no paywalled basics
Rocket Money's free tier creates friction by limiting the features you actually need. Peggy has one price — $4/mo — and every feature is included. No upgrade prompts, no locked categories.
How to migrate from Rocket Money
1. Export your transaction history
In Rocket Money Premium, navigate to the Transactions view and use the export option to download your history as CSV.
2. Import into Peggy
Open Peggy → Settings → Import, then upload the CSV. Peggy maps the columns to its data model automatically.
3. Keep Rocket Money for its subscription scanner (optional)
You can cancel Rocket Money Premium but keep the free tier to occasionally scan for new subscriptions, while using Peggy as your primary budget tracker.
Frequently asked questions
What is the main difference between Peggy and Rocket Money?
Rocket Money's core product is subscription detection and cancellation, with budgeting added on top. Peggy's core product is everyday budgeting with voice entry, AI chat, and shared wallets. If you mainly want to find and cancel unused subscriptions, Rocket Money is better. If you want a dedicated budget tracker, Peggy is the better fit.
Does Peggy cancel subscriptions for me?
No — and that's intentional. Peggy is built for tracking and budgeting, not negotiating with service providers. Rocket Money's subscription canceler is a genuinely useful feature for cleaning up forgotten services. We'd suggest: use Rocket Money once to identify and cancel unused subscriptions, then use Peggy for ongoing budgeting.
Is Rocket Money really free?
Rocket Money has a free tier, but it's limited — you get balance visibility and basic transaction history but only 2 custom budget categories and no advanced features. Full budgeting requires Premium at $6–$12/mo (you choose the price). Peggy has no free tier, but the $4/mo flat rate includes all features.
What does Rocket Money's bill negotiation service actually cost?
Rocket Money's bill negotiation is free to attempt, but if they succeed, they take 30–60% of your first year of savings as a fee. So if they save you $200/year on your cable bill, Rocket Money keeps $60–$120. It's still a net win for most users, but worth understanding the fee structure upfront.
Can I import my Rocket Money data into Peggy?
Rocket Money allows you to export transaction history from the app settings. You can then import that CSV into Peggy to carry over your expense history.
Does Peggy have shared wallets that Rocket Money doesn't?
Yes. Rocket Money is single-user only. Peggy supports shared spaces — invite a partner via an 8-digit code and you both see the same budget. You can each add expenses from your own phone, including by voice.