Copilot App Review: AI-Powered Money Management To Help You Budget Better

4.3

GBR RATING

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Quick Take: The Copilot app is a subscription-based budgeting app and is available for iOS and macOS users. It is powered by AI, which allows for more customization than some other budgeting apps that help you grow your savings. Interested users can try the app for free before committing to a monthly or annual subscription.

Copilot App Overview

The Copilot app by Copilot Money Inc. is a budgeting app and investment tracker available to Apple users for their Macs or iPhones. 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 the mobile app’s budgeting features are customizable to fit your unique budgeting needs, spending habits and financial goals. Essentially, it helps you track your spending, manage your cash flow and assess all of your financial data through a variety of budgeting tools. Copilot leans into artificial intelligence technology and uses natural language processing to help you build your bank account and net worth.

Key Features

If you have been looking for an easier way to track your spending, build your budget, start investing and increase your savings, Copilot may be the app for you. GOBankingRates gave the Copilot app an overall score of 4.3 based on the following features.

Budgeting Features

Now with an AI boost, you can track your spending with an app that learns every time you review a transaction. In addition to AI-powered spending categorization, 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.

It prides itself on providing a best-in-class experience for its users and is constantly evolving the platform. All of this is to help you navigate everything from your real estate investments to your general account balances more intuitively. Here are some areas you can cover through Copilot:

• Spending tracker and budgets
• Support for crypto spending and investing
• Investment tracking
• Set up notifications to alert you to low account balances or credit-building opportunities

Subscription Services

Copilot is a subscription service that can be paid monthly or annually. If you have been debating options for tracking your money, you should note that the first month of trying Copilot is free. This allows you to try its services before you sign up for a subscription. Below is a price outline:

• Monthly subscription: $13
• Annual subscription: $95 (this option does save you a bit of money in the long run, as it breaks down to about $7.92 a month)

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. However, if you do have a Mac or iPhone, you can sync your accounts and visually track your varying assets and debt.

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. 

You can access a variety of dashboards that can help you organize your finances. It has user-friendly tools, especially for transaction tracking. Here are some examples of dashboards and coinciding tools available:

• Investment dashboard: You can track recent tickers of returns as well as long-term trends.
• Budget dashboard: This shows you areas of your budget where you may be overspending or other at-risk accounts and activities. It also breaks down your spending by category to help keep you organized and make sure you’re able to recognize where you need to edit some habits. 

Comparable Option

If you want a Rocket Money or Mint alternative, it’s always a good idea to shop around. YNAB is a budgeting app that is comparable to Copilot and available to those on both iOS and Android devices. With YNAB, which stands for You Need A Budget, users pay a steep $14.99 monthly or $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 downloaded to a compatible device, users can launch the app and follow the prompts to create an account. You can also customize your dashboards, and every time you use it or review a transaction, the AI-powered app learns how to better serve you.

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 To GO

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. If you are ready to take control of your finances and better track your spending, Copilot is a viable AI-powered option.

Caitlyn Moorhead contributed to the reporting for this article.

Editorial Note: This content is not provided by any entity covered in this article. 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 any entity named in this article.

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