We all might have been through such moments where you feel awkward asking your friends about their share when it comes to splitting a bill or any expense, for that matter. Enter Splitwise, an app designed to take the stress out of sharing expenses.
Whether you want to split a rent with your flatmates or group trip expenses with your friends, Splitwise makes it easy to work out exactly who’s supposed to pay what, and to whom. So, let’s quickly understand how this app works.
Once you’ve set up your user account, all you need to do is tap on the “+” icon to start adding your shared expenses one by one. The moment you tap on the “+” sign, the app prompts you to add people from your contact list with whom you would like to share that expense. After adding people, it prompts you to describe the expense, take photos of receipts (if any) and mention the total amount. You also get to decide whether you want to split the expense equally or unequally by percentages, shares, or exact amounts.
Meanwhile, the app sends out the notification to those contacts that have been added by you to split the expenses, asking them to join you on Splitwise so that everyone in the group knows “who owes who” and “how much.” The app also keeps a track of settlements in a group and lets you send reminders if needed.
Overall, you must give a try to Splitwise app the next time you have to split expenses with your group or a friend, and only then you’ll realize that it is the easiest way to keep a tab on shared expenses and remind your friends about their share without feeling awkward.
Price: Free (offers in-app purchases)