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!
Net worth tracker for people who own assets through LLCs, trusts or rentals
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Which is more popular?
Based on our record, Greenvelope
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 95
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.
Eco-Friendly Greenvelope provides a digital alternative to paper invitations, reducing paper waste and promoting environmental sustainability.
Design Customization Offers a wide variety of customizable templates and design options, allowing users to tailor their invitations to suit different occasions and personal styles.
Convenience Enables sending invitations quickly and easily through email, saving time and effort compared to traditional mailing.
Tracking and Management Includes online tools to manage RSVPs, track guest responses, and send reminders, streamlining event planning.
No Ads Greenvelope provides an ad-free experience for both the sender and recipients, ensuring focused and professional communication.
Possible disadvantages
Cost There is a fee associated with using Greenvelope, which may not be ideal for those looking for a completely free invitation service.
Email Delivery Digital invitations might end up in recipients' spam folders or be overlooked, particularly if recipients are not familiar with the sender.
Limited Physical Appeal Lacks the tactile experience and keepsake potential of physical invitations, which some may prefer for formal or large events.
Internet Access Required Both the sender and recipients need internet access and an email account to send and receive invitations, which might be restrictive for some guests.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseGreenvelope
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 mentionsGreenvelope2 mentions
Tracking Splitwise since Mar 2021.
Oct 15th wedding - Should we even bother with Save the Dates?
We had a small wedding on a short timeline also. We did electronic (and free) save the dates to 95% of the guests using greenvelope.com. For the technologically-challenged guests, we printed out an image of the save the date from the...
Source:
over 4 years ago
Invites that are digital and paper
I'm not sure of any that do both the same, but a lot of companies have similar design templates or the ability to upload your own. I used Greenvelope for my e-invites and loved their more luxurious looking animated envelope opening. And...
Source:
over 5 years ago
Alternatives to Splitwise and Greenvelope
When comparing Splitwise and Greenvelope, you can also consider the following products.
Send online invitations for all occasions by email or text message. Create invites for birthdays, baby showers, save the dates, or customize your own design.
Tricount
Settle Up
Splid
Spliit
YNAB
ihatemoney
Splitser
Evite
Paperless Post
RSVPify
Punchbowl
Eventbrite
InviteDrop
Ticket Tailor
