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!
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Which is more popular?
Based on our record, Patreon
seems to be more popular. It has been mentioned
33 times
since March 2021.
social mentions
0 vs 33
Personal Finance popularity
100% vs 0%
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.
Regular Income Stream Patreon allows creators to earn a reliable, monthly income from their supporters, providing financial stability unlike ad revenue which can be unpredictable.
Direct Relationship with Fans Creators can build stronger, more engaged communities by interacting directly with their patrons, offering a more personal connection than on many other platforms.
Customization and Flexibility Patreon provides creators with the flexibility to offer various tiers and rewards, enabling them to tailor their Patreon page to their specific audience and content type.
Diverse Range of Content Whether you're a podcaster, artist, writer, or musician, Patreon supports a wide variety of content, giving creators from different fields an opportunity to monetize.
Creator-focused Tools Patreon offers a suite of tools specifically designed to help creators manage their memberships, engage with their audience, and grow their subscriber base.
Possible disadvantages
Platform Fees Patreon takes a percentage of the revenue generated from creators, which can be seen as a significant cut, especially for those just starting out.
Dependency on Memberships A creator’s income on Patreon is heavily dependent on maintaining and growing their membership base, which can be challenging and require consistent effort.
Management Time To maintain and grow a Patreon account, creators must spend considerable time managing tiers, rewards, and patron communications, which can take away from time spent creating content.
Competition As Patreon becomes more popular, the platform is getting crowded with creators, making it more challenging to stand out and attract patrons.
Potential Patron Burnout Supporters might experience fatigue from subscribing to multiple creators, which could lead to higher churn rates and less stable income for Patreon users.
Analysis
An editorial look at what each product does well and who it suits.
SplitwisePatreon
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.
Overall verdict
Patreon can be a valuable platform for creators looking to generate income from their work while building a community of engaged supporters. Its effectiveness, however, depends on the creator's ability to cultivate a dedicated and supportive audience.
Why this product is good
Patreon is a platform that allows creators to earn a sustainable income by providing exclusive content to their supporters, known as patrons. It is particularly beneficial for those in creative fields like writing, art, podcasting, and music. The platform supports a direct connection between creators and their fans, providing a way to monetize creative work without relying on traditional advertising or sponsorships.
Recommended for
Independent artists and musicians seeking financial support to produce new work.
Podcasters looking for a revenue stream outside of traditional advertising.
Writers who want to connect directly with their audience and offer exclusive content.
Video creators interested in building a community around their content.
Any digital content creators interested in providing subscription-based exclusive access to their work.
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....
Marketing and promotion tools: Patreon offers various tools to help creators market and promote their work. For example, creators can create referral links to share with their fans, and Patreon offers a newsletter...
Patreon is one of the biggest platforms for creators to monetize their content and art, with over 8 million active users. Unlike Buy Me a Coffee and Ko-Fi, Patreon focuses on subscriptions and building a community of...
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An error occurred during a connection to patreon.com.
Source:
over 3 years ago
Are the chapters on patreon/royalroad the final version?
Hey Matt, I wake up every morning and open patreon.com to receive my dose of a new chapter to keep me sane. It's been more than 13 days :( with no new chapter.
Source:
over 3 years ago
Kickstarter is the world's largest funding platform for creative projects. A home for film, music, art, theater, games, comics, design, photography, and more.
Tricount
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Splid
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YNAB
ihatemoney
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