Is There an App That Can Tell Me When My Subscription Price Increased?

Long story short, yes. Rocket Money will alert you when your subscription prices change, helping you stay on top of unexpected cost hikes before they drain your budget.

Subscription price increases have become more and more commonplace, with many services raising rates as quietly as possible.

The good news is that you don't have to manually track every charge. Rocket Money automatically monitors your recurring subscriptions and sends you alerts when prices change, so you're always staying on top of your monthly expenses.

Why Tracking Subscription Price Changes Is So Difficult

Regardless of how organized you are with your finances, it can be tricky to catch subscription price increases. Here's why:

Irregular billing cycles: Not all subscriptions bill monthly. Annual subscriptions, quarterly payments, and services with atypical billing dates make it extremely difficult to remember what you're paying for and when.

Taxes and fees: Fluctuating taxes and service fees can make your bill look different each month, obscuring the actual price increases.

Plan tiers: Many services have multiple tiers for their paid plans. This can create those irregular billing cycles as well as renewal dates that make it hard to track your payments.

Bundled services: When you're paying for a bundle that includes multiple services, it's hard to pinpoint which component increased or whether the overall price went up.

Total volume: According to a survey by CNET, Americans are paying $111 a month on average for subscriptions. It's easier than ever to lose track of them, and manually tracking price changes across different streaming services, software subscriptions, gym memberships, meal kits, and more is an unrealistic task.

How to Actually Monitor When Subscriptions Change Their Pricing

Rocket Money removes all the confusion and guesswork out of subscription management by doing the monitoring for you. Here's how:

Once you securely connect your financial accounts, Rocket Money automatically identifies and categorizes your recurring subscriptions. The app tracks each charge and compares it against your payment history.

If the app detects an increase in subscription price that's more than $1.99 and the price increase percentage is more than five, it sends you a notification alerting you to the change. This covers virtually all modern price increases.

If Netflix raises your monthly cost by a few bucks, a software subscription ups their annual fee, or any other price increase hits your account, you'll be notified by Rocket Money.

This gives you not just better visibility into your expenses but the opportunity to decide whether you want to cancel those subscriptions. Speaking of, Rocket Money may be able to cancel those subscriptions for you in the app, freeing up some cash for you to better use elsewhere.

You Need Subscription Analysis, Not Just Alerts

Knowing that a subscription increased is only half the battle. What you really need is insight into whether that subscription is still worth paying for.

Enter Rocket Money. Instead of simply flagging the changes in price, the app helps you analyze your entire subscription profile. Utilizing visually clear charts and other displays, the app provides you with spending trends over time. For example, you'll know if 20% of your spending has been dedicated to entertainment, including streaming services, in the past month.

The app will also track all of your subscriptions, not just the price jumps, including the smaller services or free-trial-turned-paid ones that you may have forgotten about. With the ability to create your own expense categories and connect your subscription-spending to custom budgets, you can take the reins on your subscriptions and start saving for the future. What do you want to keep, cancel or adjust? You'll be able to properly answer these questions based on Rocket Money's detailed subscription analysis.

Since the average American is paying for multiple subscriptions, having a tool that gives you both visibility and insights to those subscriptions is essential to managing your money. Give Rocket Money a try and start tracking those subscription price increases, and all things personal finance, today.