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, Robinhood
seems to be more popular. It has been mentioned
15 times
since March 2021.
social mentions
0 vs 15
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.
Commission-free trading Robinhood offers zero-commission trading for stocks, options, and ETFs, which makes it an attractive platform for cost-conscious investors.
User-friendly interface The app and website are designed to be intuitive and easy to use, especially appealing to beginner investors who might find more complex platforms intimidating.
Fractional shares Robinhood allows investors to purchase fractional shares of stocks, making it easier to invest small amounts of money in expensive stocks.
Real-time market data Free access to real-time market data helps investors make informed decisions.
Cryptocurrency trading Robinhood also offers the ability to trade popular cryptocurrencies without incurring transaction fees.
Possible disadvantages
Limited customer support Robinhood's customer service has been criticized for being difficult to reach and not always providing adequate support.
Outages and reliability The platform has experienced significant outages during periods of high volatility, which can be problematic for active traders.
Lack of investment research Compared to other brokerages, Robinhood offers limited research and educational resources, which can be a disadvantage for investors who rely on these tools.
Margin rates Robinhood's margin rates are higher compared to some competitors, which can be a disadvantage for those looking to borrow funds to trade.
Limited account types Robinhood offers fewer types of accounts (e.g., no retirement accounts) compared to other brokerages, limiting the platform's appeal to long-term investors.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseRobinhood
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....
Its user-friendly platform, commission-free trades, and real-time updates make investing a joy. With instant deposits, I seize opportunities instantly. Robinhood isn't just an app; it's a gateway to financial...
Robinhood is a trading platform that allows you to access real-time market data. This strong competitor of TradingView allows you to customize your portfolio with pieces of different companies and funds.
Recommendations tracked on public social media and blogs since March 2021.
Splitwise0 mentionsRobinhood15 mentions
Tracking Splitwise since Mar 2021.
did my friend get scammed by this site?
Legit investment sites would be sites like https://robinhood.com and https://www.webull.com. Others, I wouldnt count on.
Source:
over 3 years ago
Inexperienced investors bring volatility to crypto and stock markets
The rise of cryptocurrency and the democratization of the stock market through platforms such as Robinhood have made investing more accessible than ever before. However, this accessibility has also led to an influx of inexperienced...
Source:
over 3 years ago
A fine of 700 million dollars for the former director of FTX
According to Adonis Network's news, new court filings, disgraced FTX founder Sam Benkman-Fried (SBF) will face forfeiture of $700 million in assets if convicted of fraud. Most of this amount is related to Robin Hood brokerage's trading...
Source:
almost 4 years ago
Tricount
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