Managing money is easier than ever if you have the right tools. In today’s crowded market of budgeting software, PocketGuard, and Rocket Money (formerly TrueBill) stand out for their smart features and user-friendly design. 

Both platforms help you track spending, lower bills, and plan your financial future. However, they take different paths to achieve this. Whether you’re trying to stop overspending or optimize subscriptions, choosing the right app can make all the difference. 

In this blog, we’ll break down how PocketGuard and Rocket Money compare based on their features, pricing, usability, and more. This will help you pick the software that best fits your needs. 

PocketGuard Vs TrueBill: At A Glance

Feature 

PocketGuard  

TrueBill 

Net Worth 

Comprehensive daily net worth 

High-level wealth snapshot 

Spending Insights 

Customizable visual spending insights 

Real-time spending alerts 

Financial Goals 

Flexible, hands-on savings goals 

Automated, set-and-forget savings 

Manage Subscription 

Manual subscription tracking tools 

Automated subscription cancellation service 

PocketGuard

PocketGuard is a cloud-based personal money management software designed to help users manage their expenses by tracking spending, creating budgets, and providing insights into financial habits. The software offers features like bill tracking, subscription management, and savings goals, with a focus on preventing overspending. It provides users with a clear picture of their finances, enabling them to make more informed day-to-day spending decisions. 

Standout Features 

  • Debt Payoff Plan: This feature helps users achieve debt freedom with a personalized plan tailored to their unique financial situation. By entering account details, annual percentage rates, and monthly budgets, users can select a strategy, prioritize payments, and generate a real-time payoff schedule to stay on track and reach their goals faster 
  • Cash Flow: The software tracks income and expenses, helping users see how much money remains each month. It breaks spending into recurring and variable categories, reveals net income, and encourages smarter adjustments to stay on budget and save more 
  • Transactions: PocketGuard gives users complete control over their transaction history. Users can attach receipt images, add searchable notes and hashtags, and organize purchases by splitting them into categories. It also allows editing of pending items, hiding of irrelevant transactions, and viewing merchant history to better understand long-term spending patterns 

Pros And Cons 

Pros: 

  • Avoid manually entering your transactions 
  • Offers savings goals and debt repayment tools 
  • Tells you how much you have left to spend each month 

Cons: 

  • No credit score or investment tracking tools 
  • The free tier offers very limited features 

TrueBill

TrueBill (now known as Rocket Money) is a cloud-based personal finance software that helps users save more, spend less, and gain clarity on their finances. It automatically tracks subscriptions, negotiates bills, and categorizes spending. With features like automated savings, balance alerts, and net worth tracking, it gives users a proactive roadmap to control their money and reduce financial stress. 

Standout Features

Credit Score: This feature provides users full access to their detailed credit report and breakdown, including factors like payment history and credit utilization. TrueBill tracks score changes in real time, sends alerts for important updates, and offers personalized insights to help users understand and improve their credit health.

Bill Negotiation: The software automatically scans and negotiates users’ bills to help save money on services like cell phone, cable, and internet. TrueBill’s concierge team also assists in securing refunds for overdrafts and late fees while simplifying the process of finding better car insurance rates without extra hassle.

Budgeting: TrueBill enables users to create customized budgets that automatically monitor spending by category. It analyzes transaction history to calculate how much users can spend each month, offers goal trackers to optimize key spending areas, and sends timely alerts to help users stay on track and meet their financial goals.

Pros And Cons

  • Pros:
  • Connect all your bank accounts, credit cards, and investment accounts for an overview of your finances
  • Net worth and credit score monitoring
  • Alerts on upcoming charges and spending
  • Cons:
  • Limited features with the free plan
  • Limited customer support availability

Net Worth

PocketGuard offers a robust net worth tracker by securely syncing all your bank, investment, and credit accounts in one place. It automatically updates your balances multiple times daily while also allowing manual entry of assets like real estate or collectibles. Users can view daily snapshots of their net worth, giving a clear picture of financial progress over time.

With support for real estate tracking and investment holdings, PocketGuard ensures a comprehensive and customizable net worth overview.

TrueBill provides a high-level financial snapshot by syncing all linked accounts or adding custom assets like expensive collectibles or a 401(k). It automatically updates the value of your assets and debt balances, allowing users to monitor their wealth evolution without having to toggle through individual accounts.

It provides a user-friendly interface and flexible customization, emphasizing accessibility and holistic financial insights.

Winner: PocketGuard edges out with its detailed daily balance history, real estate tracking, and stronger investment support, making it the more comprehensive and data-rich option.

Spending Insights

PocketGuard gives users a visual, highly customizable view of their spending. With interactive pie charts and breakdowns by account, category, merchant, or even personalized hashtags, users can track every dollar. Custom reports can be created using grouped expenses, helping users uncover patterns, compare monthly categories, and build smarter financial habits from the data they already track.

TrueBill simplifies spending analysis by instantly identifying top spending categories after syncing accounts. It offers a clean breakdown of finances, alerts users about low balances or upcoming charges, and highlights areas for potential savings. The focus is on real-time insights and proactive notifications to help users stay ahead of problems and reach long-term financial goals.

Winner: PocketGuard takes the lead by offering more in-depth and customizable insights, especially with features like custom reports, hashtag grouping, and multi-angle analysis. It gives users a more hands-on and data-rich view of their spending patterns.

Financial Goals

PocketGuard offers a flexible, hands-on savings goals system. Users can create unlimited goals with specific amounts, deadlines, and contribution plans. Each bank account can be assigned to a goal, making tracking automatic. Smart notifications alert users if they fall behind, while personalized contribution suggestions help keep everything realistic. The platform follows the Specific, Measurable, Achievable, Relevant, and Time-bound (SMART) goal framework, helping users achieve concrete results.

TrueBill simplifies saving by automating the entire process. After setting a goal and frequency, the app analyzes your finances to schedule optimal savings transfers. This helps you reach your goal without manual tracking. Deposits are held in a partner bank insured by the Federal Deposit Insurance Corporation (FDIC), and users retain full control to withdraw or pause whenever needed. It is more about set-it-and-forget-it simplicity than granular control.

Winner: PocketGuard wins for its customizable and interactive approach to savings goals. It empowers users with detailed tracking, real-time feedback, and personalized budgeting guidance. This makes it ideal for those who want more control and structure in reaching their financial targets.

Manage Subscriptions

PocketGuard helps users uncover recurring subscriptions by analyzing connected bank accounts and highlighting ongoing charges. The platform displays a clear list of all active subscriptions, giving users visibility into where their money is going. While PocketGuard does not cancel subscriptions automatically, it provides instructions to do so through the software.

TrueBill takes subscription management a step further by not only identifying recurring expenses but also offering a cancellation service through its concierge team. Users gain access to a full list of subscriptions, stay ahead of upcoming bills, and can request cancellations directly within the platform.

Winner: TrueBill wins for offering an all-in-one solution that includes cancellation support. Its proactive concierge service and bill alerts add an extra layer of ease and automation.

The Cost Of PocketGuard Vs TrueBill

PocketGuard charges $12.99 per month for its premium plan, which users can try free for 7 days. This plan unlocks advanced budgeting tools, unlimited account connections, and personalized financial insights. 

TrueBill offers a free app with optional premium features to enhance financial management. Their Premium Membership is flexible, with prices typically ranging from $6 to $12 per month. New premium users also get a 7-day free trial before being charged. 

Disclaimer: The pricing is subject to change. 

The Bottom Line: Which Software Better Aids In Finances?

Both PocketGuard and TrueBill offer valuable tools to help you take control of your finances. PocketGuard shines with its detailed tracking, customizable goals, and in-depth spending insights, ideal for users who want hands-on management. 

TrueBill appeals to those who prefer automation and convenience, especially with its concierge subscription cancellation and effortless savings features. 

Ultimately, your choice depends on whether you want granular control or a simplified, set-it-and-forget-it experience for managing your money.