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Buxfer VS Splitwise

Compare Buxfer VS Splitwise and see what are their differences

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  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Buxfer logo Buxfer

Online tools for personal finance, budgeting, and bill reminders. Split bills and IOUs with friends and roommates.

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!
  • Buxfer Landing page
    Landing page //
    2021-07-29

Buxfer is a top rated money management and tracking tool that helps its users with their budgeting, retirement planning, investments, forecasting, and more. Buxfer can sync with over 20,000 banks and other financial institutions from over 110 countries to ensure you can track all your financial transactions in one place. Users get access to detailed insights, showcasing their spending trends, and sending real-time alerts on spending limits set for your accounts.

  • Splitwise Landing page
    Landing page //
    2023-01-23

Buxfer features and specs

  • User-Friendly Interface
    Buxfer offers an intuitive and easy-to-navigate interface, which makes it accessible for users who may not be tech-savvy.
  • Budgeting Tools
    The platform provides robust budgeting tools that allow users to set up budgets, track spending, and receive alerts when they are approaching their limits.
  • Expense Tracking
    Buxfer provides powerful expense tracking features, which include the ability to categorize transactions and generate detailed reports.
  • Multiple Account Support
    Users can link multiple bank accounts, credit cards, and other financial accounts, which enables comprehensive financial tracking.
  • Mobile App
    A mobile app is available, allowing users to access their financial data and manage their budgets on the go.
  • Security
    The platform employs strong encryption methods to protect user data and financial information.

Possible disadvantages of Buxfer

  • Subscription Cost
    Buxfer requires a subscription for some of its advanced features, which may not be affordable for everyone.
  • Limited Free Version
    The free version of Buxfer has limited capabilities, which may not be sufficient for users with more complex financial tracking needs.
  • Customer Support
    Some users have reported that customer support can be slow or unresponsive at times.
  • Integration Issues
    There can be occasional issues with bank and account integrations, which might require manual intervention to resolve.
  • Learning Curve
    While the interface is user-friendly, there is still a learning curve associated with mastering all of the platform's features.

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 Buxfer

Overall verdict

  • Overall, Buxfer is a solid choice for individuals looking for a comprehensive personal finance tool. It offers a wide array of features suitable for tracking expenses, managing budgets, and planning for future financial goals. While some users might find other tools with more advanced investment features, Buxfer's ease of use and flexibility make it a commendable option for general financial management.

Why this product is good

  • Buxfer is known for its personal finance management features, including budget tracking, expense categorization, bill reminders, and investment tracking. It supports multiple currencies and has the capability for account aggregation across various bank accounts and financial institutions. Users often appreciate its clean interface and customizable reports. The platform also supports collaboration, which can be useful for managing shared finances within families or groups.

Recommended for

    Buxfer is recommended for individuals or families who want to gain better control over their finances through budgeting and expense tracking. It is particularly useful for those who require a straightforward, user-friendly interface and are looking to manage multiple accounts across different financial institutions. The platform is also suitable for individuals who need to handle finances in multiple currencies.

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.

Buxfer videos

+ Add

Buxfer- Best Free Online tool for managing your Finance or Expense or Money

More videos:

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 Buxfer and Splitwise)

Buxfer

Splitwise

Personal Finance
43 43%
Personal Finance
57% 57
Finance
54 54%
Finance
46% 46
Expense Tracking
0 0%
Expense Tracking
100% 100
Financial Planner
100 100%
Financial Planner
0% 0

User comments

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Reviews

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

Buxfer Reviews

Best 9 Personal Finance Software For Windows 11, 10 Free PC, Surface Pro
If you are searching for personal finance software with quick access to your financial activities, Buxfer is the right software for you. The software is available on the official Windows app store. Windows 11 users can go to the official store, search for the app and install it to keep track of financial activities.
Source: www.techwibe.com
Best personal finance software of 2024
An online service that's not slathered in effects and colours, Buxfer does a good job of presenting your finances in a clean, professional manner. It cutely brags about the fact that it's currently helping its users manage over four trillion dollars in funds, so it's got a solid user base behind it.
Source: www.techradar.com
18 Best Free GnuCash Alternatives for Free Accounting
Among the free online tools for budgeting and managing finance, Buxfer certainly has a strong presence. While you can analyse your shared expenses, debts, and split bills using this app, you can also keep a track of all your accounts at one, single place. Not just that, you can also download this app on your iPhone for free and get going with the numbers just anywhere, and...
Source: thegeekpage.com
18 Best Free GnuCash Alternatives for Free Accounting
Among the free online tools for budgeting and managing finance, Buxfer certainly has a strong presence. While you can analyse your shared expenses, debts, and split bills using this app, you can also keep a track of all your accounts at one, single place. Not just that, you can also download this app on your iPhone for free and get going with the numbers just anywhere, and...
Source: merabheja.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, Buxfer seems to be more popular. It has been mentiond 1 time 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.

Buxfer mentions (1)

  • Can you make it on a single income anymore?
    I know it may seem like that but you definitely can. My wife and I lived off of 35k for about 8 months. Our rent was $800 and our bare minimum after that was about $500, so $1,300 in total (a little more than half her monthly income but we did go out every now and then). During that time I was getting my business up and running and I am so grateful for her hard work. During those months we budgeted like crazy. We... Source: almost 5 years ago

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 Buxfer and Splitwise, you can also consider the following products

YNAB - Working hard with nothing to show for it? Use your money more efficiently and control your spending and saving with the YNAB app.

Tricount - Manage and share expenses with friends

Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.

Splid - Splid helps friends manage their money.

HomeBank - Free, easy, personal accounting, for everyone

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

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