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!
Organize purchase receipts, track warranty deadlines, and download a searchable offline copy with your photos and PDFs.
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Which is more popular?
Based on our record, Draw.Chat
seems to be more popular. It has been mentioned
3 times
since March 2021.
social mentions
0 vs 3
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 64
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 Draw.Chat is a browser-based application, which means users can access it from any device with an internet connection without requiring downloads or installations.
Collaboration The platform supports real-time collaboration, allowing multiple users to draw and chat simultaneously on a shared canvas.
Simplicity The interface is straightforward and user-friendly, making it easy for individuals without technical expertise to use the platform efficiently.
Privacy No registration is required to use Draw.Chat, which can be appealing to users concerned about privacy or data security.
Free of Charge The basic functionality of Draw.Chat is available for free, allowing users to utilize the platform without financial commitment.
Possible disadvantages
Feature Limitations Compared to more advanced digital drawing tools, Draw.Chat lacks some sophisticated features that professionals might require.
Stability As an entirely web-based application, its performance can be affected by the internet connection, potentially leading to lag or disconnects.
Security Concerns The simplicity of not requiring an account might raise concerns about data security, as sessions are accessible via links which can be shared unintentionally.
File Export Options The options for exporting drawings may be limited, impacting users who need specific formats or higher resolution images for professional purposes.
Limited Integration There is minimal integration with other digital tools or platforms, which can be inconvenient for users looking to embed their drawing process into a larger digital workflow.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseDraw.Chat
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....
Draw.Chat comes with plenty of drawing tools that can be too much for Microsoft Whiteboard alternative seekers, but many will find these options useful. Best part is that there is no registration required and you get...
Draw.chat offers some neat formatting features like adding text, changing color, adding images, annotating images and PDFs, and more. Also, you can create multiple whiteboards for different purposes within your main...
Social recommendations and mentions
Recommendations tracked on public social media and blogs since March 2021.
Splitwise0 mentionsDraw.Chat3 mentions
Tracking Splitwise since Mar 2021.
Can you use Discord alongside a few lightweight apps on the Pinebook Pro?
I'm in search of a new work laptop, and am trying to decide whether the Pinebook Pro will meet my needs. The most demanding thing I'll need to do over it will be to conduct an audio call over Discord (one-on-one) while using a...
Source:
almost 4 years ago
simple date ideas?
10 weeks 10 different 10 dates
1. Checkers https://playingcards.io/games
2. Puzzle https://jigsawpuzzles.io
3. Movie night (apes, marvel, Batman returns 1/2, boxing)
4. Scramble game (definitely will make giggle)...
Source:
over 4 years ago
Need help finding a program to do online math tutoring on (URGENT)
What whiteboard app to use is a bit of an open question, as it's unfortunately hard to have a viable business model for them. I've had a few I've really enjoyed, only for them to go under. Currently I use draw.chat, or the built-in...
Source:
almost 5 years ago
Alternatives to Splitwise and Draw.Chat
When comparing Splitwise and Draw.Chat, you can also consider the following products.
Tricount
Settle Up
Splid
Spliit
YNAB
ihatemoney
Splitser
Sketchboard.io
Limnu
CollaBoard
RealtimeBoard
Bluescape
MultiDraw
Smoothboard Air
