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.

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


Splitwise

Splitwise

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.

Categories:
expense-sharing bill-splitting iou-tracking roommate-expenses couple-expenses group-expenses

Splitwise Features

  1. Track shared expenses and balances owed
  2. Organize expenses into groups and categories
  3. Automatic expense splitting and IOU tracking
  4. Mobile and desktop apps for easy access
  5. Reminders for upcoming payments
  6. Expense history and reporting
  7. Integrations with other financial apps

Pricing

  • Free
  • Freemium

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