What the Tech with Jamey Tucker
App of the Day: Copilot
Hundreds of thousands of people who use one particular smartphone app to track spending, are
looking for an alternative.
Intuit, the company behind Quickbooks is killing the popular app budgeting app “Mint” that’s
been around for a long time. Intuit is rolling “Mint” into its “Credit Karma” app but many Mint
users are looking for another option.
“Copilot Money” has become a popular alternative. The company said it recently added over
100,000 new users and received $6 million in new investments.
Copilot has many of the same features as “Mint”. Once you connect your bank and credit card
accounts to Copilot, it tracks all the money going in and coming out automatically for each
account.
Do you pay for Netflix every month? Copilot anticipates that payment to help you adjust your
budget if need be and shows how much you have left to spend to stay on track. If you’ve
budgeted $4,120 a month, Copilot shows how much you have left to spend, and the information
is constantly updated.
You can also keep track of spending in each category for a clear picture of what you’re
spending on shopping, entertainment, travel, and others. So it’s easy to see if you’ve been
eating out more than you should.
It’s great for creating budgets, allowing users to set limits on categories such as eating out and
shopping. One glance at the app to see balances for all of your accounts. Including any
investments in the stock market, funds, and crypto.
All of your accounts and all of your money and investments are in one place.
“Copilot Money” has made it easy for “Mint” users. Once you create an account in “Copilot” you
can import your accounts and history with one tap. Depending on how long you’ve used “Mint”
that can take some time
What about security? Copilot uses bank-level encryption for both security and privacy. If you’re
comfortable with online banking, you should have worries about the app. However, it is critical to
use a strong password of 14 characters with no common words. If accounts are compromised it
would be due to poor passwords.
Copilot is available only for iPhone and Mac. There is no Android app and it isn’t available to
use on a Windows PC. A subscription is required which is $13 a month or $92 annually.
