ihatemoney vs Splitwise

Struggling to choose between ihatemoney and Splitwise? 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, Splitwise is a Online Services product tagged with expense-sharing, bill-splitting, iou-tracking, roommate-expenses, couple-expenses, group-expenses.

Its standout features include Track shared expenses and balances owed, Organize expenses into groups and categories, Automatic expense splitting and IOU tracking, Mobile and desktop apps for easy access, Reminders for upcoming payments, Expense history and reporting, Integrations with other financial apps, and it shines with pros like Free to use for basic features, Simplifies expense tracking for groups, Syncs across devices for convenience, Intuitive and user-friendly interface, Supports a variety of expense types.

Feature	ihatemoney	Splitwise
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Online Services

Product Overview

ihatemoney

Description: 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.

Splitwise

Description: Splitwise is a free online tool that helps groups of people share expenses and track balances owed. It allows roommates, couples, groups of friends, family members, and others to easily track shared bills, rent, vacations, event costs and more. The interface is user-friendly and it syncs across mobile and desktop.

Key Features Comparison

ihatemoney Features

• 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

Splitwise Features

• Track shared expenses and balances owed
• Organize expenses into groups and categories
• Automatic expense splitting and IOU tracking
• Mobile and desktop apps for easy access
• Reminders for upcoming payments
• Expense history and reporting
• Integrations with other financial apps

Pros & Cons Analysis

ihatemoney

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

Splitwise

Pros

• Free to use for basic features
• Simplifies expense tracking for groups
• Syncs across devices for convenience
• Intuitive and user-friendly interface
• Supports a variety of expense types

Cons

• Limited features in the free version
• Requires all group members to use the app
• No advanced budgeting or financial planning tools
• Potential privacy concerns with shared expenses

Pricing Comparison

ihatemoney

• Open Source

Splitwise

• Free
• Freemium