Software Alternatives, Accelerators & Startups

Habit VS Splitwise

Compare Habit VS Splitwise and see what are their differences

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Habit logo Habit

Habit is a habit tracker application that allows users to keep track of the habits all day long and throughout the year.

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!
  • Habit Landing page
    Landing page //
    2023-07-19
  • Splitwise Landing page
    Landing page //
    2023-01-23

Habit features and specs

  • User Interface
    The app boasts a clean and intuitive user interface, making it easy to navigate and use for tracking habits.
  • Customizable Reminders
    Users can set custom reminders for different habits, ensuring they are prompted to complete their tasks.
  • Progress Tracking
    Provides detailed progress tracking features, including charts and statistics to monitor behavior over time.
  • Sync and Backup
    Offers sync and backup options, so users can safeguard and access their data across multiple devices.
  • Community Support
    With a dedicated Facebook page, users have access to community support and updates about new features.

Possible disadvantages of Habit

  • Limited Features in Free Version
    Some advanced features may only be available in the paid version, limiting functionality for free users.
  • Privacy Concerns
    As with many apps, there is always a potential concern regarding data privacy and how user information is handled.
  • Dependency on Device Notifications
    The app's effectiveness heavily relies on device notifications, which could be missed or ignored by users.
  • Potential for Overwhelm
    Users may feel overwhelmed by tracking too many habits at once, leading to decreased motivation.
  • Need for Regular Updates
    Frequent updates may be necessary to fix bugs and add desired features, which may not always align with user expectations.

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 Habit

Overall verdict

  • Overall, Habit is considered beneficial for individuals looking to improve their productivity and personal development through community interaction and shared resources.

Why this product is good

  • Habit on Facebook is good because it provides a platform for like-minded individuals to share and discuss productivity tools, habit-building techniques, and motivational content. It offers community support, inspiration, and accountability, which are crucial for maintaining and developing positive habits.

Recommended for

  • People interested in personal development and self-improvement
  • Individuals seeking motivation and accountability
  • Anyone wanting to connect with others focused on building positive habits

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.

Habit videos

2020 Cannondale Habit Review | Trail Bike of The Year Contender

More videos:

  • Review - Cannondale Habit Review - 2019 Bible of Bike Tests
  • Review - Cannondale Habit Carbon Review | 2019 Pinkbike Field Test

Splitwise videos

Splitwise - iPhone App Review! [2020]

More videos:

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

Category Popularity

0-100% (relative to Habit and Splitwise)
Productivity
100 100%
0% 0
Personal Finance
0 0%
100% 100
Habit Building
100 100%
0% 0
Expense Tracking
0 0%
100% 100

User comments

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Reviews

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

Habit Reviews

Top 8 Time Management Apps for College Students
This app is for real fans of check-lists and habit trackers. If you have been looking for a couch that would help you form a new useful habit, then this application is perfect for you. Habit offers convenient customized motivational reminders and a cute interface. Besides, there is a function of depicting your habits in graphs. โ€œYou increased your reading speed by 30%!โ€ is a...
Source: izismile.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...
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.
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...
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,...

What are some alternatives?

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

Everyday - Take a photo of yourself everyday.

Tricount - Manage and share expenses with friends

Habitify - The easiest way to keep track of your habits

Splid - Splid helps friends manage their money.

Habitica - Habitica is a free habit building and productivity application.

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