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Splitwise VS Shillings

Compare Splitwise VS Shillings and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Splitwise logo Splitwise

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!

Shillings logo Shillings

Your pocket income forecaster & tracker
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • Shillings
    Image date //
    2023-12-05

Shillings is a financial app that tracks and forecasts personal finances. It offers insights on spending, income, and investments, with tools for budgeting and financial goal-setting, enabling efficient financial management and planning

Splitwise

Website
splitwise.com
Pricing URL
-
$ Details
-
Platforms
-
Release Date
-
Edit details

Shillings

Website
getshillings.com
Pricing URL
Official Shillings Pricing
$ Details
free
Platforms
Apple Google
Release Date
2023 September
Edit details

Splitwise features and specs

  • 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 of Splitwise

  • 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.

Shillings features and specs

  • Income Forecasting
  • Shift Tracking
  • Multiple Payday Tracking
  • Goal Progression

Analysis of Splitwise

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.

Analysis of Shillings

Overall verdict

  • Shillings (getshillings.com) can be a good option for those seeking modern financial or currency-related services, but as with any financial platform, its suitability depends on your specific needs, and you should verify its regulatory status, fees, and user reviews before committing.

Why this product is good

  • Offers a digital-first approach to managing money or currency, which appeals to tech-savvy users
  • May provide competitive rates or lower fees compared to traditional banking services
  • Convenient online access and streamlined user experience
  • Potentially useful features for international transfers or multi-currency management

Recommended for

  • Individuals seeking convenient digital financial management
  • Users who frequently deal with currency exchange or international transfers
  • Tech-savvy customers comfortable with online-only platforms
  • Those looking for potentially lower fees than traditional banks

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Shillings videos

+ Add

UK 1955 TWO SHILLINGS Coin VALUE + REVIEW

Category Popularity

0-100% (relative to Splitwise and Shillings)

Splitwise

Shillings

Personal Finance
89 89%
Personal Finance
11% 11
Expense Tracking
100 100%
Expense Tracking
0% 0
Finance
83 83%
Finance
17% 17
Productivity
0 0%
Productivity
100% 100

Questions & Answers

As answered by people managing Splitwise and Shillings.

Why should a person choose your product over its competitors?

Shillings's answer:

Shillings was designed to be free, no financial budgeting journey should come with an extra added cost.

How would you describe the primary audience of your product?

Shillings's answer:

Our primary audience includes anyone and everyone who wishes to make a financial change and track their budgeting/shifts. There is no set age. It's for everyone

What makes your product unique?

Shillings's answer:

What makes us unique is that not many apps have the features we do, not only do you track your finances and set up goals but you are able to see how much you are predicted to be paid due to your shifts, furthermore helping you to never be underpaid again.

User comments

Share your experience with using Splitwise and Shillings. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Splitwise and Shillings

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
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 this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
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 application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
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. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Shillings Reviews

We have no reviews of Shillings yet.
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What are some alternatives?

When comparing Splitwise and Shillings, you can also consider the following products

Tricount - Manage and share expenses with friends

Monarch - Social media sharing plugin for WordPress

Splid - Splid helps friends manage their money.

The Simple Finance Tracker - Effortless Money Management

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

Notion Finance Tracker - A Notion template, but with superpowers. Track investments and net-worth, budget smartly, and analyze with charts. Multi-currency ready. All inside your Notion workspace.

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