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!
Employee Monitoring Software with Screenshots, Internet, Activity and Time Tracking
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Which is more popular?
Based on our record, stickK
seems to be more popular. It has been mentioned
6 times
since March 2021.
social mentions
0 vs 6
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 171
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.
Commitment Contracts StickK allows users to create 'commitment contracts' which can help them stay motivated and accountable to their goals by attaching financial stakes to their commitments.
Accountability Users can designate a 'referee' to monitor their progress and verify their success, adding an extra layer of accountability.
Support Community The platform offers a community aspect where users can join groups, share their goals, and offer or receive support from others with similar objectives.
Charity Option StickK offers the option to donate money to a charity if users fail to meet their goals, turning a potential loss into a positive contribution.
Customization The platform allows for high customization of commitment contracts, enabling users to set their own goals, timeframes, and stakes.
Possible disadvantages
Financial Risk If users fail to meet their goals, they may face financial penalties, which could be risky for those who are already financially strained.
Referee Dependence The success of the accountability system heavily depends on the reliability and honesty of the appointed referee.
Privacy Concerns Sharing personal goals and progress with referees and the community can raise privacy issues for some users.
Emphasis on Extrinsic Motivation The financial stakes might lead users to become excessively reliant on extrinsic motivation rather than developing intrinsic motivation for their goals.
Platform Fees StickK charges fees for certain features, which can add an additional cost to using the service.
Analysis
An editorial look at what each product does well and who it suits.
SplitwisestickK
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
Overall, stickK is considered to be a good tool for individuals who seek additional motivation and structured accountability to achieve their goals. Many users find the financial stakes and social support very effective in maintaining long-term commitments. However, its effectiveness may vary depending on personal motivation levels and the nature of the goals set.
Why this product is good
stickK is a platform designed to help users achieve their goals through commitment contracts. Users can set up personal goals like exercising, saving money, or quitting smoking, and put money on the line to encourage success. This commitment is often reinforced by involving referees and supporters to increase accountability. The platform leverages behavioral economics, aiming to motivate people by creating stakes and seeking support from a community.
Recommended for
StickK is recommended for individuals who need an extra push to reach personal goals and who are motivated by financial incentives and social accountability. It can be particularly beneficial for people looking to change habits, increase productivity, or follow through with personal resolutions.
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 mentionsstickK6 mentions
Tracking Splitwise since Mar 2021.
90 Day Challenge
I started a blog kadonis.blogspot.org where I posted about my 90 Day Challenge to improve my lifestyle. I'll be posting with various weekly updates so stay tuned! Feel free to also support me on stickk.com with my commitments!
Source:
over 3 years ago
Bryan Johnson - Live Event
Doctor Hershfield shared stickk.com as a tool. I can also recommend the Forfeit and Squad Apps for accountability and habit formation as well as r/Accountabilibuddies.
Source:
over 3 years ago
Looking for an accountability partner with Stickk - I pay if I miss my goal
I would like to find someone who could help me accountable with the website stickk.com.
Source:
over 3 years ago
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