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Lastpass VS Splitwise

Compare Lastpass VS Splitwise and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Lastpass logo Lastpass

LastPass is an online password manager and form filler that makes web browsing easier and more secure.

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!
  • Lastpass Landing page
    Landing page //
    2022-01-05
  • Splitwise Landing page
    Landing page //
    2023-01-23

Lastpass features and specs

  • Security
    LastPass uses strong encryption algorithms (AES-256 bit) and offers multi-factor authentication to ensure your data is secure.
  • Convenience
    It automatically fills in login details for websites and apps, which saves time and reduces the need for manual entry.
  • Cross-Platform Support
    Available on multiple platforms including browsers, mobile devices, and desktops, allowing you to sync passwords across all your devices.
  • Password Generator
    Offers a built-in password generator to create strong, unique passwords for each of your accounts.
  • Sharing Features
    Enables you to securely share passwords and notes with others, which is useful for team collaboration.
  • Vault Audit
    Provides security checks and audit reports to help you identify weak, reused, or compromised passwords.

Possible disadvantages of Lastpass

  • Cost
    The premium version requires a subscription fee, which may be a drawback for some users compared to free alternatives.
  • Occasional Bugs
    Users have reported occasional bugs and performance issues, particularly with browser extensions.
  • Data Breaches
    LastPass has experienced data breaches in the past, which may concern users about the overall security of their data.
  • Complexity
    The multitude of features may be overwhelming for new users or those looking for a simple password manager.
  • Customer Support
    Some users report that customer support can be slow or unhelpful in resolving issues.
  • Privacy Concerns
    Privacy-minded individuals might be concerned about storing all passwords in one place, despite the strong encryption methods.

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 Lastpass

Overall verdict

  • LastPass is generally considered a good option for password management, particularly for those looking for ease of use and comprehensive features. However, recent security concerns and breaches have prompted some users to consider alternative solutions. Users should weigh the benefits against any security issues and monitor developments regarding the service's security practices.

Why this product is good

  • LastPass is known for its user-friendly interface, offering strong password generation and storage solutions. It provides features such as secure password sharing, multi-factor authentication, and cross-platform synchronization, which are beneficial for both personal and professional use. LastPass also encrypts user data locally before syncing it to the cloud, enhancing security.

Recommended for

  • Individuals seeking a user-friendly password management solution
  • Small to medium-sized teams needing secure password sharing
  • Users requiring cross-device accessibility
  • Security-conscious users willing to follow security advisories closely

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.

Lastpass videos

+ Add

LastPass Password Manager Review

More videos:

  • Review - LastPass Review - Most Honest Review? Which Tier is It?
  • Review - How LastPass Works - Keeping your Passwords Safe in 2018! | The Tech Chap

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 Lastpass and Splitwise)

Lastpass

Splitwise

Password Management
100 100%
Password Management
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Security & Privacy
100 100%
Security & Privacy
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

Share your experience with using Lastpass 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 Lastpass and Splitwise

Lastpass Reviews

Top 6 Google Authenticator Alternatives in 2023
With LastPass, users create a master password as the key to their encrypted password vault. Users can securely store login credentials for websites, applications and other online services within this vault. The master password is the only one users need to remember, eliminating the use of weak or repeated passwords. LastPass also provides the convenience of auto-filling...
Source: www.techrepublic.com
5 Best Password Managers for Teams (2024)
LastPass has faced criticism for its complexity, potentially hindering user adoption. Sharing passwords can be done through email or shared folders, requiring recipients to have a LastPass account.
Source: teampassword.com
iCloud Keychain vs LastPass Comparison
Like iCloud Keychain, LastPass suggests strong passwords, stores them (along with all sorts of other data and credentials), and autofills them. However, LastPassโ€™s vault is more focused on keeping credentials organized, as it automatically divides them according to which category they belong to, such as social media, streaming, shopping, and others. Users can also look for...
Source: password-managers.bestreviews.net
Top 10 Best Password Managers [NEW 2023 Rankings]
LastPass is an easy-to-use password management tool. You just have to save a password and you will always get it at the right time. Logging in will be easier and faster. It can simplify online shipping by filling all the payment and shipping details. Once the password is saved, LastPass will be available on all your devices.
Source: www.softwaretestinghelp.com
7 Best SSO Tools for 2023
LastPass SSO is an add-on to LastPass Business, ranging from $3.00 to $8.00 per user each year. When compared to similar products, that is a bit on the higher side; however, the unlimited free trial version will give you a feel if LastPass SSO is a good fit or not.
Source: www.comparitech.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, Lastpass seems to be more popular. It has been mentiond 22 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.

Lastpass mentions (22)

  • How To Manage Secrets In Terraform Like A Pro
    Now if you decide to use environmental variables, you must have a strategy for storing and managing your secrets. The most popular way of doing this is by using password managers. Password managers like LastPass or 1pass are efficient ways of storing and managing your secrets. - Source: dev.to / over 3 years ago
  • Best password manager for Windows, MacOS, and iOS today?
    I did. I could not find anything in the browser add-on or in the app. However, after logging into lastpass.com, I am able to select Advanced settings on the left panel and choose Export. Source: over 3 years ago
  • RMS: Don't encourage people to use Melpa, ELPA does not cooperate with us
    Melpa does contain helm-lastpass which encourages or interacts with lastpass.com through lastpass-cli (GPLv2), lastpass is a non-free cloud platform. Source: almost 4 years ago
  • Great password manager with a one-time payment?
    Lastpass, just bad UX and bad reputation around security, subscription only. Source: almost 4 years ago
  • 365 Defender alert for "Password reuse activity" - anyone familiar?
    I can kind of understand what it may have detected on when it compares teams.microsoft.com and portal.azure.com - yeah, you caught me using my Single Sign On password on two separate domains. For shame, right? Same for lastpass.com as well since we're fully federated. Source: almost 4 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 Lastpass and Splitwise, you can also consider the following products

1Password - 1Password can create strong, unique passwords for you, remember them, and restore them, all directly in your web browser.

Tricount - Manage and share expenses with friends

bitwarden - Bitwarden is a free and open source password management solution for individuals, teams, and business organizations.

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

KeePass - KeePass is an open source password manager. Passwords can be stored in highly-encrypted databases, which can be unlocked with one master password or key file.

Splid - Splid helps friends manage their money.

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