Tasmota VS Splitwise

• Open Source
  Tasmota is open-source, meaning users can view, modify, and improve the code. This enhances transparency and allows for customization tailored to individual needs.
• Community Support
  Tasmota has a large and active community that provides support, shares ideas, and offers solutions to common issues, making it easier for new users to get help.
• Platform Independence
  Compatible with various platforms and works independently of any specific cloud service, ensuring users have flexibility in selecting their ecosystem.
• Increased Security
  By enabling offline operation and local control of devices, Tasmota reduces dependency on cloud services, which can be potential security vulnerabilities.
• Customizable Features
  Users have control over a wide range of settings and features that can be tailored to specific needs, enhancing overall utility and user experience.

Possible disadvantages

• Complex Setup
  The initial setup and configuration of Tasmota can be complex and intimidating for inexperienced users who are not familiar with flashing firmware onto devices.
• Limited Manufacturer Support
  Since Tasmota is a third-party firmware, using it typically voids warranties and can result in a lack of official support from device manufacturers.
• Firmware Compatibility
  Not all devices are compatible with Tasmota, which may limit its adoption for users who have a wide range of IoT devices from different manufacturers.
• Potential for Bricking
  Incorrectly flashing the firmware can potentially 'brick' a device, rendering it non-functional and possibly creating additional costs for the user.
• Steeper Learning Curve
  The need to understand networking, MQTT, and custom configurations can present a steep learning curve for some individuals just getting started with smart home technology.

• 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.

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Tracking Splitwise since Mar 2021.