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Splitwise VS ThingSpeak

Compare Splitwise VS ThingSpeak and see what are their differences

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!

Rating
0 reviews
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Alternatives Is it good?
ThingSpeak

Open source data platform for the Internet of Things. ThingSpeak Features

Rating
0 reviews
Pricing
Open source
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Alternatives Is it good?
BuyKeep by PlenDesk
Organize purchase receipts, track warranty deadlines, and download a searchable offline copy with your photos and PDFs. sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, ThingSpeak seems to be more popular. It has been mentioned 9 times since March 2021.

social mentions
0 vs 9
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 109

Base details

Website, pricing, platforms and company facts side by side.

Splitwise
ThingSpeak
Website splitwise.com thingspeak.com
Pricing —
Open source Official pricing
Listed in
Personal Finance Expense Tracking Bill-Splitting Apps Finance +1
Analytics Product Analytics IoT Platform Business Intelligence +1

Features and specs

What each product offers, as listed by its team.

Splitwise 7 features
ThingSpeak 6 features
  • 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.
  • Ease of Use
    ThingSpeak provides a user-friendly interface and extensive documentation, making it suitable for users with varying levels of technical expertise.
  • Real-time Data Processing
    It allows real-time data collection, analysis, and visualization, which can be beneficial for applications that require immediate feedback.
  • Integration with MATLAB
    Seamless integration with MATLAB allows users to leverage MATLAB's powerful data analysis and visualization tools for more advanced analysis.
  • API Support
    ThingSpeak provides RESTful APIs, making it easier to collect, store, and retrieve data from IoT devices and other sources.
  • Free Tier
    Offers a free tier for users to start with basic usage, which is useful for small projects or initial experimentation.
  • Community Support
    A broad community of users means more available resources such as tutorials, forums, and shared projects for learning and troubleshooting.

Possible disadvantages

  • Limited Free Tier
    The free version has limitations on the number of channels and data storage, which might not be sufficient for larger projects.
  • Dependence on Internet
    Requires a constant internet connection to transmit data to the cloud, which could be a drawback in remote or unstable network environments.
  • Data Privacy
    As a cloud-based service, data control and privacy can be concerns, especially for sensitive or proprietary information.
  • Limited Advanced Features
    Advanced data analytics features are relatively basic compared to more comprehensive IoT platforms, which might limit its use for more complex requirements.
  • Cost for Pro Features
    To access more advanced features and larger data capacities, a paid plan is required, which may not be cost-effective for all users.
  • Latency
    For applications requiring ultra-low latency, using a cloud service can introduce delays that might be unacceptable.

Analysis

An editorial look at what each product does well and who it suits.

Splitwise
ThingSpeak

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

  • Whether ThingSpeak is 'good' largely depends on user needs and project requirements. It is considered a good choice for those who require a straightforward, robust platform for IoT projects and appreciate its integration with MATLAB. However, users with very advanced or custom requirements might find its features limiting compared to other more extensive IoT platforms.

Why this product is good

  • ThingSpeak is a popular IoT (Internet of Things) platform that allows users to collect, visualize, and analyze live data streams from devices or sensors over the internet. It is favored for its ease of use, integration capabilities, and support for MATLAB analytics, which provides advanced data analysis and visualization tools. It is also compatible with various hardware platforms like Arduino, Raspberry Pi, and more, making it accessible for both hobbyists and professionals.

Recommended for

  • Students and educators looking to learn and teach IoT concepts
  • Hobbyists interested in creating simple IoT projects
  • Developers seeking an easy-to-use platform for quick prototyping
  • Professionals who require MATLAB's analytical features for data analysis
  • Organizations looking for reliable data logging and visualization solutions

Videos

Walkthroughs and reviews on video.

Splitwise 3 videos + Add
ThingSpeak 3 videos + Add

Splitwise - iPhone App Review! [2020]

More videos

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

How to Analyze IoT Data in ThingSpeak

More videos

  • - Review Higrow Board ESP32 and Aplication on Thingspeak #IoT #ESP32
  • - How to Use ThingSpeak with Arduino

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Splitwise
ThingSpeak
100% 100%
Personal Finance
0% 0%
0% 0%
IoT Platform
100% 100%
100% 100%
Expense Tracking
0% 0%
0% 0%
Data Dashboard
100% 100%

User comments

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

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Splitwise no reviews yet
ThingSpeak no reviews yet

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Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Splitwise 0 mentions
ThingSpeak 9 mentions

Tracking Splitwise since Mar 2021.

  • Kotlin/ Thingspeak Interfacing.
    First of all, you need to ask yourself how familiar you are with MatLab. Then from a dev point of view, could you use an API to reference cloud data then apply analytics. Great intro to IoT. I can see that company going far in 5-10 and... Source: about 3 years ago
  • Google sheets and esp32
    You can use solutions like thingspeak https://thingspeak.com/. Source: over 3 years ago
  • Help me check my circuit for my self-sustaining water meter
    I'm not sure yet. Maybe something custom, but probably not. I was thinking about Thingspeak before. Source: over 3 years ago

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Alternatives to Splitwise and ThingSpeak

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

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