Node-RED VS Splitwise

• Visual Programming
  Node-RED offers a flow-based development interface which allows users to create applications by wiring together pre-built nodes, making it intuitive and easier to understand, especially for non-programmers.
• Extensibility
  The platform is highly extensible with a large library of pre-built nodes available and support for creating custom nodes. This makes it adaptable to a wide range of use cases.
• Event-Driven
  Node-RED is designed around an event-driven architecture, which is beneficial for handling asynchronous events and real-time data.
• Cross-Platform
  Node-RED is based on Node.js and runs on various platforms including Windows, macOS, Linux, and even low-resource devices like Raspberry Pi.
• Integrations
  It offers extensive integration capabilities with various protocols (like MQTT, HTTP, and WebSockets) and a wide variety of services (like databases, cloud services, and IoT platforms).

Possible disadvantages

• Performance
  Being a higher-level tool built on Node.js, it may not match the performance of systems built directly using lower-level languages and tools, particularly for very resource-intensive applications.
• Complexity with Large Flows
  As the number of nodes and flows increases, the visual representation can become cluttered and harder to manage. This might make debugging and maintenance more difficult.
• Scalability
  While suitable for small to medium-sized projects, Node-RED may face challenges in scaling to very large, enterprise-level applications without significant architectural adjustments.
• Learning Curve for Advanced Features
  Although it simplifies basic tasks, there can be a steep learning curve to unlock its full potential, particularly when dealing with sophisticated integrations or custom node development.
• Security
  The out-of-the-box security features may not be sufficient for all applications. Additional measures such as authentication, encryption, and network security must be implemented for deployment in sensitive environments.

• 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

• 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.

Intro to Node-RED: Part 1 Fundamentals

Splitwise - iPhone App Review! [2020]

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Tracking Splitwise since Mar 2021.