Fast overview
Splitwise is a free app that helps people share and manage joint expenses. Whether it’s rent, group trips, dinners, or shared household costs, the app lets you split bills evenly or allocate exact amounts, shares, or percentages. You can also record IOUs and settle balances directly through the platform.
Best situations to use it
- Group trips, roommates splitting rent, and recurring shared costs
- One-off events like dinners or parties where multiple people contribute
- Informal lending between friends when someone covers an expense and others need to repay
Key functionality
- Clear tracking of who owes whom with an activity feed that highlights recent changes.
- Create public groups or private friend groups to organize separate expense pools.
- Add expenses, record IOUs, and log casual debts in many currencies (supports 100+ currencies).
- Personalize groups by assigning member avatars and a cover photo for quick recognition.
- Push notifications to keep everyone up to date and an undo/restore option for deleted bills or groups.
Payment links and extras
Splitwise integrates with third-party payment services so you can move money without tedious manual settlements. It currently supports Venmo and PayPal (PayPal functionality is limited to users in the United States).
Premium features (what you get with Pro)
For a subscription fee you can unlock extras such as:
- Automatic currency conversion between different currencies.
- OCR (text recognition) for scanning receipts.
- Backup and export tools so you can download your records.
- Additional convenience features to simplify bookkeeping.
Alternatives worth checking out
- GoodBudget — envelope-style budgeting app for planning and tracking shared spending.
- Cash Register — simple expense tracking focused on quick entries and straightforward splits.
- myWisely — a broader financial tool with spending insights and budgeting features.
Final notes
The free version of Splitwise covers most everyday needs for splitting and tracking shared expenses. If you require advanced features like receipt scanning or multi-currency conversions, consider the Pro upgrade or evaluate one of the alternatives listed above.
Technical
- Android
- iPhone
- Free