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!
Practice and test a strategy, then trade it live, all in one place. Spyglass, the AI quant on your desk, knows your chart and your trades. US stocks and ETFs.
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Which is more popular?
Based on our record, Public.com
seems to be more popular. It has been mentioned
47 times
since March 2021.
social mentions
0 vs 47
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 120
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.
Commission-Free Trading Public.com offers commission-free trading, which means users can buy and sell stocks without incurring transaction fees, making investing more accessible.
Social Investing Platform The platform integrates social media elements that allow users to follow other investors, share insights, and discover new investment opportunities through a community-driven approach.
Fractional Shares Public.com enables users to purchase fractional shares, which allows for diversification even with smaller amounts of capital by buying portions of expensive stocks.
Educational Resources Public.com offers various educational tools and resources designed to help new investors learn the basics of investing and make informed decisions.
Possible disadvantages
Limited Investment Options Compared to some other platforms, Public.com has a more limited range of investment options, as it primarily focuses on stocks and ETFs, lacking features for options or futures trading.
Lack of Advanced Trading Tools The platform is not geared towards advanced traders as it lacks sophisticated trading tools and charting capabilities that are available on some other platforms.
No Retirement Accounts Public.com does not offer retirement accounts such as IRAs, which may be a disadvantage for users looking to invest specifically for retirement.
Social Features Overload For those who prefer a straightforward investing experience, the social aspects of Public.com could be seen as distractions from the main goal of investing.
Analysis
An editorial look at what each product does well and who it suits.
Splitwise
P
Public.com
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 mentions
P
Public.com47 mentions
Tracking Splitwise since Mar 2021.
I reached $10,000 in savings for the first time in my life.
Another vote for treasuries… they’re paying 5.4% atm! I found the treasury.gov site to be super clunky and opted to buy my treasuries (6m short-terms) through Public. It’s been nice to drip any extra money here and there and it...
Source:
over 3 years ago
Possible to earn 4-5% on bond/cash-like assets
HL allow you to buy bonds, and public.com is another major site.
Source:
over 3 years ago
Welcome to the Official Public Subreddit
Follow the Public.com community guidelines found here - Failure to comply with these guidelines may result in a temporary or permanent ban.
Source:
almost 4 years ago
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