Splitwise vs ihatemoney

Struggling to choose between Splitwise and ihatemoney? 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, ihatemoney is a Business & Commerce product tagged with expenses, groups, roommates, travel, open-source.

Its standout features include 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 it shines with pros like Free and open source, Simple and easy to use, Flexible for managing different group scenarios, Active development community.

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

Product Overview

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.

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.

Key Features Comparison

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

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

Pros & Cons Analysis

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

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

Pricing Comparison

Splitwise

• Free
• Freemium

ihatemoney

• Open Source