ihatemoney vs BillMonk

Struggling to choose between ihatemoney and BillMonk? Both products offer unique advantages, making it a tough decision.

ihatemoney is a Business & Commerce solution with tags like expenses, groups, roommates, travel, open-source.

It boasts features such as Track shared expenses for groups, Add members and assign who owes who money, Settle up balances within the group, Email reminders about balances, Mobile friendly interface, Multi-currency support, Export data and pros including Free and open source, Simple and easy to use, Flexible for managing different group scenarios, Active development community.

On the other hand, BillMonk is a Business & Commerce product tagged with bills, expenses, roommates, couples, friends, finances.

Its standout features include Split bills and expenses, Track shared purchases, Settle up easily, Automatic reminders, Secure and private, Mobile app, Simple and intuitive, Syncs across devices, and it shines with pros like Free to use, Easy to get started, Great for roommates and couples, Tracks expenses over time, Simplifies shared finances, Avoids money arguments.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

ihatemoney

ihatemoney

ihatemoney is an open source web application that allows groups to track shared expenses in a simple and flexible way. It can be useful for roommates, travel companions, groups of friends, and more.

Categories:
expenses groups roommates travel open-source

Ihatemoney Features

  1. Track shared expenses for groups
  2. Add members and assign who owes who money
  3. Settle up balances within the group
  4. Email reminders about balances
  5. Mobile friendly interface
  6. Multi-currency support
  7. Export data

Pricing

  • Open Source

Pros

Free and open source

Simple and easy to use

Flexible for managing different group scenarios

Active development community

Cons

Limited reporting capabilities

No invoicing features

Must host yourself or use third-party hosting


BillMonk

BillMonk

BillMonk is a free online application that allows roommates, couples, or friends to easily split shared bills and expenses. It tracks who owes what to whom over time, avoiding awkward conversations and simplifying shared finances.

Categories:
bills expenses roommates couples friends finances

BillMonk Features

  1. Split bills and expenses
  2. Track shared purchases
  3. Settle up easily
  4. Automatic reminders
  5. Secure and private
  6. Mobile app
  7. Simple and intuitive
  8. Syncs across devices

Pricing

  • Freemium

Pros

Free to use

Easy to get started

Great for roommates and couples

Tracks expenses over time

Simplifies shared finances

Avoids money arguments

Cons

Limited features compared to paid options

Mobile app could be better

Some users want more customization

Only available in US and Canada