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!
GPU rental by the minute plus an OpenAI-compatible AI API, on one prepaid balance. Independent service.
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Which is more popular?
Based on our record, LibreSpeed
seems to be more popular. It has been mentioned
34 times
since March 2021.
social mentions
0 vs 34
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 62
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.
Open Source LibreSpeed is open-source software, meaning anyone can view, modify, and distribute the code. This transparency helps in auditing the code for security issues and allows for community-driven improvements.
Free to Use LibreSpeed does not require any licensing fees, making it a cost-effective solution for both personal and commercial use.
Customizable Users can modify the source code to suit their specific needs, whether it is the user interface or the functionality of the speed test.
Self-Hosted Being self-hosted, LibreSpeed provides more control over data privacy and security, as users can run it on their own servers.
No External Dependencies LibreSpeed is built to work without relying on third-party services or external dependencies, enhancing reliability and independence.
Possible disadvantages
Technical Expertise Required Setting up and customizing LibreSpeed may require a good degree of technical knowledge, particularly in web development and server management.
Maintenance Self-hosting LibreSpeed implies that the user is responsible for maintaining the server and updating the software, which could be cumbersome for some.
Limited Community Support Although it is open source, LibreSpeed may not have as large a user base or as robust community support as more established, proprietary solutions.
No Built-In Analytics LibreSpeed does not come with built-in advanced analytics or reporting capabilities, so users might need to integrate it with other analytics tools for deeper insights.
Initial Setup Complexity Configuring the server and ensuring that it works optimally can be complex, particularly for users who are not familiar with server-side configurations.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseLibreSpeed
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....
It should be DIA. They provide the internet connection to the company since 2 decades and it's a very small ISP, so it's very vague in terms of contract.
Iperf was giving me very terrible results with TCP, UDP was giving me a couple of...
Source:
over 3 years ago
Tricount
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