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!
GilFlow is smart cash flow management for individuals and teams — track income, expenses, subscriptions, and cash flow across every workspace, on the web and on Android.
sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.
Which is more popular?
Based on our record, 1871
seems to be more popular. It has been mentioned
2 times
since March 2021.
social mentions
0 vs 2
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 15
Base details
Website, pricing, platforms and company facts side by side.
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.
Networking Opportunities 1871 provides a vibrant community of entrepreneurs, mentors, investors, and industry leaders, offering numerous opportunities for networking and collaboration.
Educational Resources It offers a variety of workshops, seminars, and events that provide valuable educational resources to help entrepreneurs enhance their skills and knowledge.
Mentorship Programs 1871 connects startups with experienced mentors who can offer guidance and support, helping entrepreneurs navigate challenges and grow their businesses.
Prime Location Located in the heart of Chicago, 1871 offers easy access to the city's business ecosystem, making it a strategic location for startups looking to establish themselves.
Access to Funding The organization provides various channels through which startups can connect with potential investors, increasing their chances of securing funding.
Possible disadvantages
Membership Costs Access to 1871's resources and community often comes with membership fees, which might be a barrier for startups operating on a tight budget.
Overwhelming Environment The bustling environment might be overwhelming for some entrepreneurs who prefer quieter or more private workspaces.
Competitive Atmosphere With numerous startups vying for attention from mentors and investors, the competitive atmosphere can be challenging and might lead to stress or burnout.
Variable Resource Quality The quality of resources such as workshops and mentorship can vary, which means the experience might not always meet every entrepreneur's expectations.
Location Dependency While the central location in Chicago is an advantage, it might not be ideal for entrepreneurs whose target market or industry is centered elsewhere.
Analysis
An editorial look at what each product does well and who it suits.
Splitwise1871
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.
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...
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...
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....
Recommendations tracked on public social media and blogs since March 2021.
Splitwise0 mentions18712 mentions
Tracking Splitwise since Mar 2021.
Have there been any Marketers or Business degrees here that launched a successful startup and were able to exit?
Other resources (mostly Chicago based but the same concept). Learn about them. Attend events. Talk to people (ask questions over email, set up 15 min phone calls, build a network).
* TechStars - accelerator
* 1871 - accelerator, also has...
Source:
about 4 years ago
Does IU have access to Chicago’s startup resources/capital?
Yes, Kelley has one of the best career resources centers. There in an entrepreneurship program, but as an old grad I'll say that the education is terrific, and there are tons of companies that recruit year round. If you have the...
Source:
almost 5 years ago
Alternatives to Splitwise and 1871
When comparing Splitwise and 1871, you can also consider the following products.
WeWork is revolutionizing the way people and companies work. Get flexible workspaces, agile services, and leading technologies to move your business forward.
Tricount
Settle Up
Splid
Spliit
YNAB
ihatemoney
Splitser
WeWork
Regus
Hera Hub
Galvanize
Canopy.co
Industrious
MakeOffices
