How to find and cancel unused subscriptions with Rocket Money

How to find and cancel unused subscriptions with Rocket Money

How to find and cancel unused subscriptions with Rocket Money

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I spent about 30 minutes using one app to cancel several subscriptions I no longer use. This year I will save about $1,235.

If you’re like me, you can sign up for multiple subscriptions with different credit cards, then forget about canceling them when you’re not using them anymore.

I used the Rocket Money app to see all my subscriptions. It allowed me to cancel the ones I don’t need without opening a lot of other apps or websites and then figuring out how to unsubscribe.

I canceled my Hello Fresh meal preparation service subscription, saving me $980 a year from the start. I also unsubscribed from the $180 fitness app and downgraded my Instacart membership for $75. Rocket Money can also help you discover and unsubscribe from streaming services you no longer use or other recurring bills you’ve long forgotten about.

The app offers new users a 7-day free trial, plenty of time to cancel subscriptions, but otherwise costs between $3 and $12 a month, billed annually as needed. There are other Rocket Money features like budget tracking and savings tools that can make the monthly fee worth it to you. I just needed it to collect all my subscriptions in one place so I could cancel the ones I wasn’t using.

Here’s what I did.

How to find and cancel unwanted subscriptions

Creating an account and navigating Rocket Money is easy as long as you remember the passwords for multiple accounts. Here’s what to do:

  • Register a Rocket Money account online. The app can also be downloaded for iPhone or Android.
  • Link your checking accounts, savings accounts and credit cards. Sometimes this will require two-factor authentication, which means you’ll receive an email or SMS with a code to help you log into your bank account or credit card so you can link it to Rocket Money.
  • Once your accounts are linked, you’ll see your recent transactions. Recurring charges are displayed as a small icon that looks like an arrow moving around the circumference of a circle on the website. In the app, you’ll see a tab with recurring charges at the bottom of the screen.
  • Click on the subscription you want to cancel.
  • When you see the subscription transaction, tap the drop-down menu button in the upper right corner of the page. If you’re using the Rockey Money app, tap the three-dot icon next to the fee.
  • Select “Cancel this for me”.
  • Enter your username and password and allow Rocket Money to access your account.
  • Repeat this to cancel other subscriptions
  • Rocket Money said it couldn’t cancel one of my subscriptions, but gave me the information I needed to cancel the service, including a cancellation link on the website, a customer service phone number, and a company support email address.

Pro tip: If you’re having trouble remembering all your accounts, go to Annualcreditreport.com for a free credit report that will list all your open accounts. You can download a copy of your annual credit report for free each year, without lowering your credit score. This will allow you to see some of those random credit accounts you may have opened and forgot about that you may want to link to Rocket Money.

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