Copilot App Review: A Smart Money App for iOS Users

GOBankingRates Score

4.3
Quick Take: The Copilot app is a subscription-based budgeting app available for iOS and macOS users that allows for more customization than some other budgeting apps. Interested users can try the app for free before committing to a monthly or annual subscription.
  • Budgeting Features
    4.8
  • App Navigation
    4.5
  • Subscription Services
    4.5
  • Device Compatibility
    3.5
How did we calculate this?

Pros

  • Unlimited custom spending categories
  • Budget surplus rolls over from one month to the next on a per-category basis
  • Can link to more than 10,000 financial institutions

Cons

  • Only available for iOS and macOS
  • Paid subscription service

Copilot App Overview

The Copilot app by Copilot Money, Inc. is a budget and investment tracker 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 fit each user’s unique budgeting needs.

Key Features

GOBankingRates gave the Copilot app an overall score of 4.3 based on the following features.

Budgeting Features

Some of the Copilot app budgeting features users are sure to appreciate include the ability to:

  • Create custom budget categories
  • Set up custom transaction categorization rules
  • Roll over monthly budget overages on a per-category basis
  • Create variable budget categories for different months
  • Easily rebalance budget categories

App Navigation

Copilot has an intuitive design with straightforward navigation from the app dashboard. From linking financial accounts to confirming transactions are assigned to the correct budget categories, the app enables users to efficiently perform the necessary tasks to track and manage their budgets.

Subscription Services

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 more than $36 per year over the monthly plan.

Device Compatibility

The only way to use Copilot is with the app on an iOS or macOS device. There is neither an online version that can be accessed through a web browser nor an Android version.

How the Copilot App Stands Out

The Copilot app has a few features that make it worth considering. First, the rebalance feature allows users to adjust category budgets to their actual spending for a single month or all upcoming months with a simple tap of the app. 

Additionally, the ability to set a budget category as static or variable based on the month can make it easier to track fluctuating budget categories. The app also allows for the customization of many other features.

Comparable Copilot App Options

Here are a few budgeting apps that are comparable to Copilot and available to those on both iOS and Android devices.

Mint

Mint is a budgeting app and then some. 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.

YNAB

With YNAB, which stands for “You Need A Budget,” users pay a steep $14.99 monthly or $98.99 annually, 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.

One unique feature of YNAB is the ability to troubleshoot an out-of-balance budget.

How To Subscribe

Those interested in trying the Copilot app can download the app from the App Store. Once it is downloaded to a compatible device, users can launch the app and follow the prompts to create an account.

Who the Copilot App Is Best For

The Copilot app is best for Apple users willing to pay for customizable budgeting features. It is also ideal for frequent Apple Card and Venmo users who want an easy way to track these transactions in a budgeting app.

Final Take

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 unwilling to pay a subscription fee can find many of the same features in other budgeting apps that don’t require a paid subscription.

FAQ

Here are answers to some popular questions about the Copilot app.
  • How much is the Copilot app?
    • The Copilot app costs $8.99 for users who pay by the month. It's a one-time payment of $69.99 for those who pay annually.
  • Is Copilot a good app?
    • The Copilot app has an overall 4.8 rating 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 one convenient dashboard.
  • Is there a free version of Copilot?
    • Interested budgeters can try Copilot for free but can't link any financial accounts. However, users can input 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-featured 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, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Copilot.

About the Author

Andrea Norris has been in the web publishing business for the past 15 years both as a content contributor and a copy editor specializing in personal finance, frugal living, home and auto topics. She writes both short and long-form content and is well-practiced in SEO keyword research and writing.

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