Copilot Review: The Smart Money App On The App Store

If you consider yourself tech-savvy, you may have thought about downloading an app to help with your money management, whether you want to concentrate on budgeting, monitoring your spending, making investments, or some combination of all three.

There are some really great apps out there, but if you’re looking for one that works on your iPhone and is even integrated with Apple Pay, then you may want to read on, because in this article I’ll be reviewing the CoPilot app, telling you everything you need to know to decide whether it’s for you.

Please feel free to scroll ahead to any section that jumps out at you.

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What Exactly is CoPilot Anyway?

CoPilot is simply an app for your smartphone or Mac that you link to all of your bank accounts, including your checking accounts, saving accounts, investment accounts, credit card accounts, and so on.

This enables it to accurately track where your money is going, and then present it to you in such a way that couldn’t be easier to digest…

You can get precise figures if you wish, and you can also view your money as line graphs and bar charts so that you have a visual representation of any trends in these accounts, as well as how much money you’re spending in different categories. 

This way, you can see trends developing, and choose to make adjustments as you go along with regard to how much money you want to allocate to different things, and how much money you want to save, and even whether to change your investment strategies.

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CoPilot Features

Main Features

Securely Link An Unlimited Number Of Accounts

CoPilot sets no limits on how many accounts you can link to the app. This is great for people who like to have a selection of different accounts for different purposes, or for anyone who wants to track both their regular accounts and any joint accounts as well.

Every single transaction gets labeled and tracked.

AI Powered Categorization Of Your Expenses

There’s artificial intelligence within the app which is designed to automatically categorize everything you spend your money on for you, once all of your categories are set up. That way, every single thing gets tracked, and nothing has to be entered manually.

AI Powered Rebalancing Budgets Suggestions

One of our favorite things about this app has to be the way it uses your actual spending and saving behavior to determine the best possible way to shift your budgets.

What’s more, the accuracy of the suggestions gets even better over time.

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User Interface Features

As iPhone and Mac users, we like our things to look good, and this one area with this app excels. It has a very intuitive, easy to use user-interface, where all of the data is very easy to read, and couldn’t be any clearer. And there are other user interface features besides.

Widgets

CoPilot has handy widgets that you can display that you can view data from your home screen without even having to go into the app.

(Although this is optional and probably isn’t a good idea while you’re out unless you have a phone case that obscures the screen.)

Dark Mode

So far, users have been loving the dark mode. It looks super cool.

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CoPilot Pricing And Value For Money

So, here’s the bad news…

Although CoPilot is free to download, there are in-app purchases, and you will have to pay a subscription fee if you want to keep using the app after the free trial is over. 

However, there’s just one rate to pay and there are no gated capabilities that they try to upsell to you.

It is our view that the subscription fee is very reasonably priced, and is great value for money due to its sheer convenience.

When this article was written, it was available for less than $10 a month, and if you decide to pay annually rather than monthly, the fee drops quite considerably.

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What Does Everyone Else Say About CoPilot?

It turns out that user reviews for the CoPilot app are overwhelmingly positive.

On the App Store, it has earned an average user rating of a whopping 4.8 stars out of 5, even after over 5,700 individual ratings.

Besides, the app uses crowdsourced feedback and machine learning to continuously improve the experience for everyone who uses it.

This means that if you do spot a way it could be made even better, then if a number of users say the same thing, the next app update could have this new feature.

Summary Of CoPilot Pros And Cons

Pros:

• Your data is 100 percent secure and doesn’t get sold on

• There’s automatic categorization and tracking of your recurring expenses, your spending, and your investments

• There’s no limit on the number of custom spending categories and rules you can set up

• You can link it to an unlimited number of accounts

• It’s very intuitive with a great user-interface

• You can choose to activate a Widget so that you can view data from your home screen without even having to go into the app

• There are no pesky ads trying to get you to part with money

• There is customer support available in the unlikely event that you experience any issues

Cons:

• Only available on Apple devices, specifically iPhones and Macs, and is not available on any Android or Microsoft Windows operating systems

• It doesn’t have a way to enter transactions manually before they clear in your checking account

• When this article was written, CoPilot only worked with US financial institutions

Wrap Up

So, in summary, you have to agree that CoPilot has a lot more going for it than against it. And if I wasn’t already an iPhone user, I would be tempted to buy one just for this app. It’s the best in its class.

If you’re still in two minds about it, I would recommend signing up for the free trial, and just seeing how it goes.

Your check stubs can be used as part of tracking your finances, use them to your advantage.