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Monarch Money vs Copilot Money

Monarch Money logo

Monarch Money

Software

All-in-one wealth management platform

From
On request
Rated
-
Full reviewWebsite
Copilot Money logo

Copilot Money

Software

AI-powered personal finance assistant

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Copilot Money has a free tier, so it costs nothing to try first.
  • Each has a real cost: Monarch Money the free trial is one week, after which a paid subscription is required to keep using the app; Copilot Money apple only: web, iPhone, iPad and Mac, with no Android app
  • They diverge on capability: Monarch Money covers Budget management, Copilot Money covers AI-powered insights.

Where they differ

Only the attributes on which Monarch Money and Copilot Money actually diverge.

Attributes where Monarch Money and Copilot Money differ
AttributeMonarch MoneyCopilot Money
Starting priceOn requestFree
Pricing modelsubscriptionfreemium
Free tierNoYes
Founded20222020

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Monarch Money

  • Budget management
  • Investment tracking
  • Tax planning
  • Financial insights
  • Investment accounts
  • Cryptocurrency

Only in Copilot Money

  • AI-powered insights
  • Spending analysis
  • Budget optimization
  • Financial planning
  • Credit cards

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Monarch Money

  • Tracking household budgets and spending across linked bank accountsnot Copilot Money
  • Shared budgeting between partners in one accountnot Copilot Money
  • Monitoring net worth and investment balances alongside cash accountsnot Copilot Money

Copilot Money

  • Tracking spending across connected accountsnot Monarch Money
  • Budgeting by category with automatic transaction taggingnot Monarch Money
  • Investment and net worth trackingnot Monarch Money
  • Reviewing recurring subscriptionsnot Monarch Money

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Monarch Money

  • The free trial is one week, after which a paid subscription is required to keep using the app
  • The advertised 30 percent discount with code WELCOME applies to the first year only and is restricted to new users
  • There is no free tier, and a Plus tier gates features above the base subscription

Copilot Money

  • Apple only: web, iPhone, iPad and Mac, with no Android app
  • No free tier; $95 a year billed annually, which works out at $7.92 a month
  • The trial only starts once accounts are connected

Pricing, plan by plan

Monarch Money

On request
  • Premium$14.99/month
    • Unlimited accounts
    • Investment tracking
    • Tax planning
  • Premier$39.99/month
    • All Premium features
    • Financial advisor access

Copilot Money

Free
  • FreeFree
    • Basic budgeting
    • Spending tracking
  • Premium$12.99/month
    • AI insights
    • Advanced analytics
    • Financial planning

Which should you pick?

Choose Monarch Money if

  • You need budget management.
  • You work on Web, IOS, Android.
  • You also want investment tracking.
Monarch Money review

Choose Copilot Money if

  • You need ai-powered insights.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want spending analysis.
Copilot Money review

Questions people ask

Is Monarch Money or Copilot Money better?
Neither clearly leads. Monarch Money starts at On request and Copilot Money at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Monarch Money or Copilot Money?
Copilot Money has a free tier; the other does not. Paid plans start at On request for Monarch Money and Free for Copilot Money.
Does Monarch Money or Copilot Money run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Copilot Money for free?
Yes. Copilot Money has a free tier, so you can try it without paying. Monarch Money starts at On request.
What is Monarch Money best used for?
Monarch Money is most often used for tracking household budgets and spending across linked bank accounts, shared budgeting between partners in one account, monitoring net worth and investment balances alongside cash accounts. Of those, tracking household budgets and spending across linked bank accounts and shared budgeting between partners in one account are not what Copilot Money is typically brought in for.
What can Monarch Money do that Copilot Money cannot?
Monarch Money covers Budget management, Investment tracking, Tax planning, Financial insights. Copilot Money covers AI-powered insights, Spending analysis, Budget optimization, Financial planning. Both handle Bank accounts, Web support, IOS support, Android support.
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