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Balsamiq VS Splitwise

Compare Balsamiq VS Splitwise and see what are their differences

Kimp
Kimp is an unlimited design company, specializing in graphic design (including print and digital designs, custom illustrations, landing page designs and email designs) and video design. featured
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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Balsamiq logo Balsamiq

Balsamiq. Rapid, effective and fun wireframing software.

Splitwise logo Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
  • Balsamiq Landing page
    Landing page //
    2025-05-19
  • Splitwise Landing page
    Landing page //
    2023-01-23

Balsamiq features and specs

  • User-Friendly Interface
    Balsamiq offers an intuitive, drag-and-drop interface that makes it easy for users of all skill levels to create wireframes quickly.
  • Rapid Prototyping
    The tool is designed for speed, allowing users to iterate and refine designs rapidly, aiding in quick decision-making and revisions.
  • Low-Fidelity Focus
    Balsamiq emphasizes low-fidelity wireframes, making it easier to focus on structure and user flow rather than getting bogged down in details like colors and fonts.
  • Collaboration Features
    It includes collaboration tools such as comments and real-time co-editing, making it easier for teams to work together and share feedback.
  • Cross-Platform Availability
    Balsamiq is available both as a web application and a desktop app for Windows and macOS, providing flexibility in how teams access the tool.
  • Extensive Library of UI Components
    The software comes with a rich library of pre-built UI components, icons, and templates that simplify the design process.
  • Integration with Other Tools
    Balsamiq integrates seamlessly with popular project management and development tools like Jira, Confluence, and Google Drive.

Possible disadvantages of Balsamiq

  • Limited Customization Options
    Due to its focus on low-fidelity wireframes, Balsamiq offers limited options for detailed customization, which might not be sufficient for high-fidelity design needs.
  • Cost
    Unlike some free wireframing tools, Balsamiq requires a subscription, which could be a barrier for small teams or individual users on a tight budget.
  • Learning Curve for Advanced Features
    While the basic features are easy to use, mastering more advanced functionalities might require additional learning and practice.
  • No Interactive Prototypes
    Balsamiq is primarily focused on static wireframes and lacks features for creating interactive, clickable prototypes, which can be a downside for more complex projects.
  • Performance Issues with Large Projects
    Users have reported performance slowdowns when working with very large or complex wireframing projects.
  • No Mobile App
    Unlike some competitors, Balsamiq does not offer a mobile app, which can limit accessibility for users who need to work on the go.

Splitwise features and specs

  • 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 of Splitwise

  • 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.

Analysis of Splitwise

Overall verdict

  • Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

  • Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
  • It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
  • Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
  • Supports multiple currencies, which is great for international travel groups.
  • Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

  • Roommates who need to regularly split household bills and expenses.
  • Groups of friends or families who often travel together and need to manage shared travel costs.
  • Colleagues or classmates working on projects or events that require shared funding.
  • Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Balsamiq videos

+ Add

UX Review: Balsamiq.com - Watch a Usability Expert Review Our Site!

More videos:

  • Tutorial - Balsamiq Mockups: Beginner Tutorial
  • Review - Balsamiq Wireframes for Desktop Overview (Windows)

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Balsamiq and Splitwise)

Balsamiq

Splitwise

Prototyping
100 100%
Prototyping
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Design Collaboration
100 100%
Design Collaboration
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

Share your experience with using Balsamiq and Splitwise. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Balsamiq and Splitwise

Balsamiq Reviews

Figma Alternatives: 12 Prototyping and Design Tools in 2024
Balsamiq is a design tool that has been available since 2008. Itโ€™s easy to use and even boasts active customer service if you need help. The software is beginner-friendly, so there is no learning curve if youโ€™re a newbie.
Source: mockitt.wondershare.com

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Social recommendations and mentions

Based on our record, Balsamiq seems to be more popular. It has been mentiond 33 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Balsamiq mentions (33)

  • A Map for the First-Time Software Creator
    Balsamiq is famously, deliberately low-fidelity. Everything looks like a napkin drawing, which is the point, because nobody argues about font choices when the mockup is gray boxes. - Source: dev.to / 2 months ago
  • Revenge of the Junior Developer
    Usually my own way of working is to use Balsamiq[0] to have a visual prototype to test out flows, Figma|Sketch for the UI specs, then to just code it. Kinda the same when drawing where you just doodle until you have a few workable ideas, iterate of these to judge colors and other things, and then commit to one for the final result. [0]: https://balsamiq.com/. - Source: Hacker News / over 1 year ago
  • Three important steps before jumping to the code
    You can still produce something useful even if youโ€™re not a professional designer. For example, you can use a rapid wireframing tool like Balsamiq (my favorite) or Excalidraw. With such tools, you can sketch an idea quickly without spending time on minor visual details. Or, use a whiteboard or good old pencil and paper. Any sketch is better than nothing. - Source: dev.to / almost 2 years ago
  • Tell HN: My Favorite Tools
    A few apps that are a joy to use: https://ia.net/writer for writing. https://usecontrast.com/ for checking contrast. https://sipapp.io/ for picking colors. https://nova.app/ for editing code. https://cleanshot.com/ for screenshots. https://getpixelsnap.com/ for measuring elements on screen. https://netnewswire.com/ for reading things via RSS. https://panic.com/transmit/ for file transfers. https://usefathom.com/... - Source: Hacker News / over 2 years ago
  • Ask HN: Best UI design courses for hackers?
    I think the best practical approach for designing UIs is to download (and buy) Balsamic[0] and use that to design UIs. Cut through the nonsense of colours and pixels in the first instance and just lay things out logically and simply. [0] https://balsamiq.com. - Source: Hacker News / over 2 years ago
View more

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

What are some alternatives?

When comparing Balsamiq and Splitwise, you can also consider the following products

Moqups - The most stunning HTML5 app for creating resolution-independent SVG mockups, wireframes & interactive prototypes for your next project

Tricount - Manage and share expenses with friends

Invision - Prototyping and collaboration for design teams

Splid - Splid helps friends manage their money.

Axure - The most powerful way to plan, prototype and hand off to developers, all without code. Download a free trial and see why professionals choose Axure RP 9.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

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