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!
The leading building and property management software for condos, apartments & commercial properties. Manage expenses, maintenance & communication.
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Which is more popular?
Based on our record, Arrived
seems to be more popular. It has been mentioned
11 times
since March 2021.
social mentions
0 vs 11
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 65
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.
Accessibility Arrived allows individuals to invest in real estate with relatively small amounts of capital, making it accessible for investors who may not have the resources to purchase entire properties on their own.
Diversification The platform provides opportunities to diversify investments across different properties, potentially reducing risk compared to investing in a single property.
Passive Income Investors can earn passive income through rental income from properties without the need to manage the properties themselves.
Professional Management Properties are managed by professionals, which alleviates the burden of property management tasks from the investors, such as maintenance and tenant management.
Possible disadvantages
Limited Control Investors have limited control over investment decisions and property management, which may not suit those who prefer a hands-on approach to real estate investing.
Liquidity Constraints Real estate investments on Arrived are typically less liquid compared to stocks or bonds, meaning it may be more challenging to quickly sell one's shares in a property.
Market Risk As with all real estate investments, there is inherent market risk that property values may decline, affecting the returns on investment.
Fees and Costs There may be fees and costs associated with using the platform, which can impact the overall returns on investment.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseArrived
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 mentionsArrived11 mentions
Tracking Splitwise since Mar 2021.
There's a $75 trillion reason the economy won't crash into a recession, top economist says: Baby boomers' pent-up net worth
Obviously I'm talking about a company that goes beyond what a property manager does. I'm talking about something like Arrived Homes (https://arrived.com/) that can split the inherited property into shares and "buy out" any partial owner...
Source:
over 3 years ago
Is there an equivalent service to Arrived Homes in Canada? And is it a good type of investment?
If you don't know what I'm referring to, it's a service through which you can buy shares of rental properties: https://arrived.com/.
Source:
over 3 years ago
Crowdfunding STR Platforms Worth It?
Has any here tried Getaway or Arrived? Saw their ads and they look interesting especially Getaway.
Source:
almost 4 years ago
Innago offers a cloud-based property management platform for landlords with small to midsize property portfolios. Innago is 100% free to use and comes with a long list of affordable features.
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