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Roam VS Splitwise

Compare Roam 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

Roam logo Roam

Live anywhere you want, as long as you want.

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!
  • Roam Landing page
    Landing page //
    2022-10-23
  • Splitwise Landing page
    Landing page //
    2023-01-23

Roam features and specs

  • Flexible Living
    Roam offers the flexibility to live in various locations across the world with a single membership, allowing for a nomadic lifestyle without the hassle of traditional renting.
  • Community Experience
    Residents can benefit from a built-in community, providing networking opportunities, collaborative spaces, and social events, fostering a sense of belonging.
  • Fully Furnished Accommodation
    Roam's properties are fully furnished and equipped, minimizing the need for moving and purchasing furniture, and providing convenience upon arrival.
  • Inclusive Services
    Utilities, high-speed internet, and housekeeping services are typically included, reducing the hassle of managing bills and maintenance.
  • Short-Term Stays
    Roam allows for short-term stays, which is ideal for those who prefer not to commit to long-term leases or those who like to travel frequently.

Possible disadvantages of Roam

  • Higher Cost
    The cost for residing in co-living spaces like Roam can be higher compared to traditional rentals, primarily due to the additional services and flexibility offered.
  • Limited Privacy
    Co-living environments may offer less privacy than traditional apartments, as common spaces and amenities are shared among residents.
  • Location Availability
    Roam may have limited location availability, restricting choices for potential residents wanting to live in specific cities or regions.
  • Community Dynamics
    The social aspect may not suit everyone, especially those who prefer solitude or small, private settings, and the dynamics can vary greatly with different residents.
  • Variable Experience
    The quality of the experience at different Roam locations may vary, with some locations potentially lacking the same level of service or amenities as others.

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 Roam

Overall verdict

  • Roam is considered a good option for those needing reliable international mobile data without dealing with the complexities of traditional SIM cards or facing exorbitant roaming fees. Its ease of use and global coverage make it a favorable choice for travelers.

Why this product is good

  • Roam (roam.co) is praised for its hassle-free global mobile connectivity services, offering data plans that work in over 100 countries without the need for a physical SIM card. It is especially appreciated for its flexibility, allowing travelers, remote workers, and digital nomads to stay connected while on the move. The service is known for being easy to set up and manage through their app, providing users with a convenient solution to avoid expensive roaming charges.

Recommended for

  • Frequent travelers
  • Remote workers
  • Digital nomads
  • Individuals who want to avoid high roaming charges
  • People looking for an easy setup for international mobile data

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.

Roam videos

+ Add

Roam Review with Sam Healey

More videos:

  • Review - Sonos Roam Review - 6 Months Later
  • Review - Sonos Roam: Best mini wireless speaker ever?

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 Roam and Splitwise)

Roam

Splitwise

Travel
100 100%
Travel
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Nomad Lifestyle
100 100%
Nomad Lifestyle
0% 0
Expense Tracking
0 0%
Expense Tracking
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 Roam and Splitwise

Roam Reviews

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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

What are some alternatives?

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

Outsite - Flexible co-living membership for $99/year

Tricount - Manage and share expenses with friends

Nomad House - Houses around the world for nomads to live and work together

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

Nomads.com - Find the best place to โค๏ธ live, ๐Ÿ‘ฉโ€๐Ÿ’ป work, and ๐Ÿ’ƒ play

Splid - Splid helps friends manage their money.

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