Splitwise vs BillMonk

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

Splitwise is a Online Services solution with tags like expense-sharing, bill-splitting, iou-tracking, roommate-expenses, couple-expenses, group-expenses.

It boasts features such as 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 pros including 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.

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.

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


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