AWS Elastic Load Balancing VS Splitwise

• Scalability
  AWS Elastic Load Balancing can automatically distribute incoming application traffic across multiple targets, such as Amazon EC2 instances, containers, and IP addresses, promoting application elasticity.
• Health Monitoring
  It continually checks the health of the registered targets, ensuring that traffic is routed only to healthy instances.
• Security
  Integrated with AWS's Certificate Manager and Application Load Balancer, allowing easy deployment of SSL/TLS for secure communication.
• Flexibility
  Supports various types of load balancers: Application, Network, and Classic, each suited to different types of application architectures and requirements.
• Cost-effective
  Pay-as-you-go pricing model ensures you only pay for the resources you use, which can lead to cost savings compared to a fixed-cost solution.
• Integration
  Seamlessly integrates with other AWS services such as Auto Scaling, Route 53, CloudWatch, and more for a more robust solution.

Possible disadvantages

• Complexity
  Initial setup and configuration can be complex, especially for users unfamiliar with AWS services and cloud architecture.
• Cost
  While the pay-as-you-go model is cost-effective, the charges can ramp up quickly, especially for high-traffic applications.
• Dependence on AWS Ecosystem
  Highly integrated with AWS services, making it less ideal for multi-cloud or hybrid cloud environments.
• Latency
  In some cases, the load balancer can introduce a slight increase in latency, which might be a concern for latency-sensitive applications.
• Configuration Limitations
  Some specific configurations and customizations may not be possible, leading to constraints on certain types of applications.

• User-Friendly Interface
  Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
• Multi-Platform Availability
  Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
• Expense Tracking
  The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
• Flexible Split Options
  Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
• Currency Conversion
  Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
• Bill Reminders
  The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
• Integration with Payment Platforms
  Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages

• Privacy Concerns
  Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
• Subscription-Based Features
  Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
• Manual Entry Requirement
  Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
• Limited Automatic Reconciliation
  While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
• Dependency on Group Honesty
  The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
• Potential for Confusion
  The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

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Splitwise - iPhone App Review! [2020]

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Tracking Splitwise since Mar 2021.