EveryDollar VS Splitwise

Compare EveryDollar VS Splitwise and see what are their differences

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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!

Landing page //
2023-09-18

Landing page //
2023-01-23

EveryDollar

Website: ramseysolutions.com

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EveryDollar features and specs

User-Friendly Interface
EveryDollar offers an intuitive and clean interface, making it easy for users to navigate and manage their budgets without a steep learning curve.
Zero-Based Budgeting
The app is built around the zero-based budgeting approach, encouraging users to allocate every dollar of their income to specific expenses, savings, or investments, which can enhance financial discipline.
Free Version Available
EveryDollar offers a free version with core features, allowing users to start budgeting without any financial commitment.
Integration with Ramsey's Financial Advice
Created by Dave Ramsey’s team, EveryDollar integrates seamlessly with his financial principles and tools, providing consistency for those following his personal finance advice.
Goal Tracking
The app allows users to set and track financial goals, helping them stay focused on their financial priorities and long-term objectives.

Possible disadvantages of EveryDollar

Limited Free Features
While a free version is available, many advanced features, such as bank synchronization, require a paid EveryDollar Plus subscription.
No Automatic Expense Tracking in Free Version
Users of the free version have to manually enter transactions, which can be time-consuming compared to apps offering automatic syncing with bank accounts.
Cost of Premium Version
The premium version, EveryDollar Plus, incurs a fee which might be considered high by some users, especially given the availability of free alternatives with similar features.
Limited Investment Tracking
EveryDollar primarily focuses on budgeting and saving, offering limited tools for tracking or managing investments compared to other personal finance apps.
US-Centric
The app is primarily tailored towards the US market, which might impact usability for international users due to differences in financial institutions and currencies.

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.

EveryDollar videos

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Mint vs. YNAB vs. EveryDollar Pros and Cons

Splitwise videos

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Splitwise - iPhone App Review! [2020]

Category Popularity

0-100% (relative to EveryDollar and Splitwise)

Splitwise

Personal Finance

39 39%

Personal Finance

61% 61

Finance

47 47%

Finance

53% 53

Expense Tracking

0 0%

Expense Tracking

100% 100

Budgeting

100 100%

Budgeting

0% 0

User comments

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

Reviews

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

EveryDollar Reviews

Best YNAB Alternatives: Save More with Budgeting Apps in 2026

Created by Dave Ramsey's team, EveryDollar is a direct competitor to YNAB’s methodology. It’s strictly zero-based. The Pros: It is incredibly simple to use if you follow the Baby Steps. The Cons: To get bank syncing—the feature that actually makes life easy—you have to pay $9.99/month. While cheaper than YNAB, it still lacks the proactive coaching features that modern users...

Source: www.smartwalt.com

10 Best Mint Alternatives (Free & Paid)

Every Dollar: The Dave Ramsey budgeting solution. While Dave is popular with those paying off debt, this solution is one of the most expensive and it doesn't have nearly the features that a tool like Empower offers.

Source: robberger.com

10 Best Mint Alternatives To Manage Your Money in 2024

EveryDollar is a robust Mint alternative; however, you cannot upload Mint data to EveryDollar currently.

Source: 7saturdaysfinancial.com

Quicken Alternatives: Top 5 Financial Tools for Efficient Money Management

EveryDollar, developed by personal finance expert Dave Ramsey, is a budgeting tool that focuses heavily on the zero-based budgeting approach. Designed to allocate income, every dollar is assigned a purpose, ensuring that every cent has a designated job. Users enter their income, expenses, and other relevant financial information, and EveryDollar helps plan and manage their...

Source: finally.com

11 Best Quicken Alternatives in 2021 (#1 is Free)

For those Dave Ramsey founds out there, EveryDollar may be a good substitute for Intuit’s Quicken. Now the first thing to point out is that EveryDollar ain’t cheap. After a 14-day trial, you’ll pay $129.99 a year. If you want to try it for just 3 months, it will cost $59.99. For this reason, it’s not high on my list. Still, I know that some folks are passionate about...

Source: robberger.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 you’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 one’s not a complete budgeting app but it’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, EveryDollar seems to be more popular. It has been mentiond 11 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.

EveryDollar mentions (11)

Out of Veterinary School will be 300-400k in debt
Along the way, I've used both mint.com & everydollar.com as free budgeting platforms. The former will track all of your non-cash transactions in a single location while the former allows to-the-penny budgeting. You can pay for Everydollar to auto-track your bank transactions, but DR has some major beef with American Express, so you can't link an AmEx account to it. Source: over 3 years ago
Trying to figure out how to fix my situation.
So get an online app that tracks every income and expense, I myself use the free app everydollar.com but there are others too. Source: almost 4 years ago
What to do for TSP?
You need to put together a monthly budget in order to get over the fear of "not having enough money left over at the end of the month" I use everydollar.com, its free and works great. Source: about 4 years ago
I made a Budget Tracker because I'm moving out for the first time. Critique my spreadsheet and proposed budget. Feel free to make copy for yourself.
I use everydollar.com to budget as a free account. Source: over 4 years ago
How do you organize your finances/future plans if you don't have kids and you don't want any?
I get no commissions for this, but I've been using everydollar.com for years now to help with budgeting and I highly recommend it! Doesn't make the discipline to keep to a budget any easier, but it's helpful to see percentages of where my money is going (50% is on housing rn *sigh*). Source: over 4 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 EveryDollar 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.

Goodbudget - A home budget app based on the envelope budget system. Available on the web, Android, and iPhone.

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

YNAB vs EveryDollar

YNAB vs Splitwise

Tricount vs EveryDollar

Tricount vs Splitwise

Goodbudget vs EveryDollar