Truebill is a free personal finance app that helps its users manage their money and monitor their financial transactions. It is designed to make it easy for users to keep track of their subscriptions, bills and expenses. Whether you want to cancel subscriptions or negotiate bills, Truebill provides you with a way to keep track of all of your finances and stay on top of your money. The app can connect with over 15,000 financial institutions and service providers so that you can see all of your accounts in one place. It can also identify recurring charges such as subscriptions that you have forgotten about and provide you with the option to cancel them. The app is available to users on both iOS and Android devices. In this review, we will discuss the features, effectiveness, pros, and cons of Truebill to help you understand whether this is the right tool for you to manage your money.
How Does Truebill Work?
- Users can sign up for a Truebill account by downloading the app from the App Store or Google Play Store.
- The app can then be linked to the user’s bank accounts, credit cards, and other financial accounts.
- Truebill will then scan the user’s accounts for recurring subscription charges and send notifications to the user to cancel them if necessary.
- The app also helps users negotiate bills, monitor spending, and create a budget to reach financial goals.
- If a user chooses to cancel a subscription or negotiate a bill through Truebill, the app charges a 40% fee on the amount saved or refunded. Otherwise, the app remains free for use.
Overall, Truebill can be a great tool for those looking to take control of their finances and save money. The app’s ability to track and manage subscriptions, negotiate bills, and set a budget can all contribute to a more organized and informed approach to personal finance.
However, it is important to note that the 40% fee charged by the app may be a deterrent for some users, and there are other similar services available that offer lower fees or no fees at all. Truebill reviews suggest that the app can be especially helpful for those who have trouble keeping track of multiple subscriptions and want to avoid unexpected charges and fees.
Can you get Truebill for free?
Yes, Truebill has a free version of its app that users can download on their mobile devices or use on its website. However, the free version comes with limited features.
Here’s what you can do with Truebill’s free version:
- Track your subscriptions automatically
- View your spending by category
- Cancel subscriptions with just a few clicks
If you want access to more advanced features like negotiating bills and getting personalized savings tips, you’ll need to upgrade to the premium version, which starts at $4.99/month.
Here’s what you get with Truebill premium:
| Features | Pricing |
|---|---|
| Bill negotiation | $99/year or 40% of savings (whichever is lower) |
| Credit score monitoring | $4.99/month |
| Personalized savings tips | $4.99/month |
Overall, Truebill offers a free version with basic features and a premium version with more advanced features available for a monthly or yearly fee.
Effectiveness of Truebill
- A study conducted by Truebill found that its users were able to save an average of $600 per year through the app.
- Truebill’s negotiation feature has a success rate of 85%, with an average savings of $100 per bill.
- The app also allows users to track their spending categories, helping them identify areas where they can cut or reduce expenses.
| Feature | Effectiveness |
|---|---|
| Bill Negotiation | 85% Success Rate, $100 avg. savings |
| Subscription Cancellation | 65% of users found subscriptions they were unaware of |
| Budget Tracking | Users save an avg. of $50/month |
In my Truebill review, I found the app to be extremely useful in helping to control my expenses. The negotiation feature is particularly impressive, as it has been successful in lowering my bills and saving me money on a regular basis. Truebill’s subscription cancellation tool is also very helpful, as it has helped me identify subscriptions that I was unaware of and cancel them with just a few clicks.
Furthermore, the budget tracking feature provides a detailed breakdown of my spending, allowing me to identify areas where I need to cut back and save more. The app is also very easy to use and navigate, with a clean and simple interface that makes it accessible to all users.
Overall, I highly recommend Truebill for anyone looking to take control of their finances and save money on their monthly bills.
What’s the catch with Truebill?
Truebill is a useful tool that helps people manage their finances and save money. While it does come with some great benefits, there are some potential downsides to consider. Here are a few things to keep in mind:
- Truebill charges a fee for premium features like bill negotiation and overdraft protection.
- The app collects your personal and financial information, which could pose a security risk.
- Some users have reported issues with the app not canceling subscriptions as requested.
Overall, Truebill can be a helpful tool for those looking to better manage their finances. However, it’s important to weigh the potential risks and benefits before signing up.
Features of Truebill
Truebill has several features that can help users manage their finances effectively. Here are some of the key features:
- Budget Tracking: Truebill allows users to create a budget and track their spending across different categories such as food, transportation, and entertainment. Users can set alerts when they are approaching their budget limit for a specific category.
- Bill Tracking: Truebill automates the process of tracking bills and sends users reminders when they are due. Users can also see all their bills in one place and navigate to the provider’s website or app to pay the bill.
- Subscription Cancellation: This feature allows users to see all their subscriptions in one place and cancel those they no longer need or use. Truebill also helps users negotiate subscription prices if they are getting a better deal elsewhere.
- Smart Savings: Truebill analyzes users’ spending patterns and recommends ways to save money. Users can set saving goals and let Truebill automatically save a specific amount of money towards the goal every week or month.
Overall, Truebill offers a comprehensive solution for users to manage their finances effectively. Its user-friendly interface and simple navigation make it easy for users to track their expenses, negotiate bills, and save money effortlessly.
What does the Truebill app do?
Truebill is a personal finance app that helps users keep track of their subscriptions, negotiate bills, and monitor their credit reports. The app primarily offers the following services:
- Helps identify and track recurring subscriptions and offers easy cancellation options
- Provides tools to track monthly budget and expenses
- Negotiates bills such as cable and internet on behalf of users to help save money
- Monitors credit reports and notifies users of any changes
- Offers a free trial for their premium service, which includes additional features such as investing and savings account management
If you’re interested in Truebill, visit their website at https://www.truebill.com/ for more information.
Pros of Truebill
Truebill offers several benefits to users who want to manage their finances efficiently. Here are some of the top advantages of using Truebill:
- Budget Management: Truebill allows users to track their expenses and set a budget for different categories, making it easier for them to manage their finances.
- Bill Tracking: Truebill automatically tracks bills and reminds users when they are due, helping them avoid late fees and penalties. Users can also view their bills in one place, making it easier to keep track of them.
- Subscription Cancellation: Truebill helps users save money by identifying subscriptions they are no longer using and canceling them. It also provides information on cheaper alternatives.
- Refunds: Truebill can help users get refunds for late deliveries, bank fees, and other charges. Its negotiation service can also help users save money on their bills.
- Cashback Rewards: Truebill offers cashback rewards for users who shop through their app, helping them save money on purchases.
- Easy to use: Truebill has a user-friendly interface that is easy to navigate even for people with little or no experience managing finances.
Overall, Truebill is a useful tool that can help users save money and manage their finances efficiently.
If you’re interested in checking out Truebill, be sure to visit their website.
What are the pros and cons of Truebill?
| Pros | Cons |
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Cons of Truebill
While Truebill has many benefits, it also has some drawbacks that users should be aware of before signing up. Here are some of the main disadvantages of using Truebill:
- Third-Party Access: Truebill requires users to link their financial accounts, which means they must provide access to a third-party app. This can be a potential security risk, and some users may feel uncomfortable sharing their financial information.
- Fees: Truebill charges a fee of 40% for successful negotiations on bills. While this can result in significant savings, it also means that users will lose a portion of their savings.
- Limitations: Truebill may not be able to identify all subscriptions or bills, leading to incomplete tracking and budgeting.
While these drawbacks may deter some users from using Truebill, the app’s benefits may outweigh the potential risks for many people. It’s important to weigh the pros and cons before making a decision to use Truebill or another financial tracking tool.
What is the downside of Truebill?
There are a few potential downsides to using Truebill, including:
- Truebill charges a fee for its premium membership, which may not be worth the cost for some users.
- Sometimes, Truebill’s automatic bill negotiation feature may not be successful in lowering your monthly bills.
- Truebill may not be able to track all of your subscription services, which means you’ll need to manually input them.
- Truebill requires you to link your bank accounts to its platform, which can be a security concern for some users.
Conclusion
Overall, Truebill is a useful financial tool that can help users stay organized, save money, and manage their budget. With features such as bill tracking, subscription management, and negotiation services, Truebill offers a comprehensive solution for financial management. While there are some potential drawbacks such as fees and concerns over third-party access, the benefits of using Truebill are significant. Users who are looking for a way to streamline their finances and reduce stress should consider giving Truebill a try.
