I quickly got to know the major sections of the app because they make really good use of all the real estate:Īccounts, where you’ll see all your synced accounts and your assets and debt Then, it builds it into your spending already at the beginning of the month as if the money has already been spent-that way you don’t go on your merry way through your month thinking you’re hella under-budget only to be surprised by your $160 electric bill on the 21st and blow your own lead. Now, when a Venmo transaction happens around the 15th for around $75, it already knows that’s a mobile phone reimbursement for half of our phone plan-which means I don’t have to manually classify it every single time.Īnd speaking of recurring transactions, it analyzes your data to determine (a) what your recurring charges are and (b) when they happen. I set up rules (pictured below) to accommodate those. Most of the time, I get reimbursed via Venmo for certain transactions (a) for around the same amounts and (b) around the same time of month for each purchase that I split. This was one of the cool things I noticed right away: The good news? It was actually pretty easy to assign the correct Venmo charges to the right categories. The estimate would guess double my actual out-of-pocket cost because the transactions themselves were twice as big. I noticed that normally happened for categories where I paid for something and then got reimbursed for someone else’s half (think utilities, groceries, rent, etc.). Most of them were freakishly spot-on, but some of them required additional tweaking on my part. The first thing that I had to do (after syncing my accounts) was begin correcting or approving Copilot’s estimates. Months of unrefined data poured in, and I had a brief moment of panic: As someone who checks, categorizes, and combs through her Mint data multiple times a day, seeing the last year of my life begin to populate willy-nilly in the app freaked me out and I almost aborted the mission. I had heard Copilot was really “smart” that it was a budgeting app that understood real life.īut I have to admit, when I first started syncing all of my accounts (which, by the way, were all available in the app with the exception of my obscure HSA fund), I was a little overwhelmed. Now, several years later, I’m especially glad I didn’t let my cheapness get the best of me, as news broke recently that Intuit is shuttering Mint at the end of 2023. I didn’t want Copilot to be the one that got away. Then, a few months passed, and curiosity finally got the best of me. I played around with the dummy data and immediately felt envious. Never mind.”īut I noticed the demo mode, and it was enough to pique my interest. I downloaded it so quickly, my App Store almost crashed. The UI is fantastic-one of the founders was a software engineer at Google.” My friend Richard is a quintessential Silicon Valley tech buff (a 2x start-up founder, no less), and when I told him about Money with Katie, the first thing he said was: “Cool! Have you ever heard about Copilot? All my friends love it. While I was always a Mint purist ( “And if it doesn’t work for you, you’re just not trying hard enough!” I’d say when people would tell me it just wasn’t working), the more my recommendation was met with hesitancy, the more I felt compelled to find a solution for budgeting that would do for spending what Betterment did for investing. I should disclose upfront that I used to work professionally in user experience strategy, design, and writing-so when an app has a really stellar UI, I get jazzed.
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