GOBanking Rates Score
- Budgeting Features
- Navigation in the application
- Subscription Services
- Device compatibility
How did we calculate this?
- Unlimited custom spend categories
- The budget surplus is carried over from one month to the next by category
- Can be linked to over 10,000 financial institutions
- Only available for iOS and macOS
- Paid subscription service
Introducing the Copilot app
The Copilot app by Copilot Money, Inc. is a budget and investment tracking tool currently only available to Apple users. This customizable app allows users to link most financial accounts, including cryptocurrency and brokerage accounts. Users can even import Apple Card and Venmo transactions.
Many of Copilot’s budgeting features are customizable to meet each user’s unique budgeting needs.
GOBankingRates gave the Copilot app an overall rating of 4.3 based on the following characteristics.
Some of the budgeting features of the Copilot app that users are sure to appreciate include the ability to:
- Create custom budget categories
- Configure custom transaction categorization rules
- Report monthly budget overruns by category
- Create variable budget categories for different months
- Easily rebalance budget categories
Navigation in the application
Copilot has an intuitive design with simple navigation from the app’s dashboard. From linking financial accounts to confirming that transactions are assigned to the correct budget categories, the application enables users to efficiently perform the tasks necessary to track and manage their budgets.
Copilot is a subscription service that can be paid monthly or annually. Monthly plan subscribers pay $8.99. Those on the annual plan pay a fee of $69.99 once a year, saving them over $36 per year compared to the monthly plan.
The only way to use Copilot is with the app on an iOS or macOS device. There is neither an online version accessible via a web browser nor an Android version.
How the Copilot app stands out
The Copilot app has a few features that are worth considering. First, the rebalancing feature allows users to adjust category budgets to their actual spending for a single month or all upcoming months with a single click on the app.
Additionally, the ability to set a budget category as static or variable by month can make it easier to track fluctuating budget categories. The application also allows the customization of many other features.
Comparable Copilot app options
Here are some budgeting apps comparable to Copilot and available on iOS and Android devices.
Mint is a budgeting app and more. It is completely free and can be used on a computer or any mobile device. In addition to budget tracking, Mint offers free credit monitoring, bill payment tracking, custom goal setting, and more.
With YNAB, which stands for “You Need a Budget,” users pay $14.99 per month or $98.99 per year, but the app comes with an extensive learning library, live workshops and access to an online community that some users may find worth the cost.
A unique feature of YNAB is the ability to resolve an imbalanced budget.
How to subscribe
Those interested in trying out the Copilot app can download the app from the App Store. Once downloaded to a compatible device, users can launch the app and follow the instructions to create an account.
Who is the Copilot app for?
The Copilot app is ideal for Apple users willing to pay for customizable budgeting features. It’s also great for frequent Apple Card and Venmo users who want an easy way to track those transactions in a budgeting app.
The Copilot app is a solid budgeting app, but only iOS and macOS users can take advantage of its many features.
Android users and those who don’t want to pay for a subscription can find many of the same features in other budgeting apps that don’t require a paid subscription.
Here are answers to some common questions about the Copilot app.
- How much does the Copilot app cost?
- The Copilot app costs $8.99 for users who pay monthly. This is a one-time payment of $69.99 for those who pay annually.
- Is Copilot a good app?
- The Copilot app has an overall rating of 4.8 based on over 4,800 customer reviews on the Apple Store.
- How does the Copilot app work?
- Like many other budgeting apps, Copilot allows users to automatically import transactions and link their financial accounts – including many cryptocurrency accounts – to the app.
- Users can track and manage their imported transactions and overall budget from a convenient dashboard.
- Is there a free version of Copilot?
- Interested budgeters can try Copilot for free, but cannot link any financial accounts. However, users can enter manual transactions to get a feel for how the app works and what it can do before buying a subscription or taking the time to connect all of their accounts.
- Subscribers get a full free trial before being charged for their subscription.
Information is accurate as of June 20, 2022.
Editorial Note: This content is not provided by Copilot. Any opinions, analyses, criticisms, evaluations or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed or otherwise endorsed by Copilot.