Splitwise

Travelling with a group of friends can be a lot of fun. However, the financial aspect of it can be, at best, a pain and, at worst, a complete dissolution of a friendship.

Splitwise is a smartphone app that solves this problem. It allows a group of friends to pay for group activities at will and then proportionally split the expenses between each member in an equitable and fair fashion.

Splitwise is an app for splitting expenses with your friends. It lets you and your friends add various bills and keep track of who owes who, and then it helps you to settle up with each other. Here’s a quick overview of how it works. First, sign up for an account! Next, create a group. Groups are an easy way to split expenses with a particular group of people on an ongoing basis. For example, you might create a group for Summer Holiday. As part of creating a group, you’ll be asked to provide contact information for the other members of the group. This allows all of those people to view the group on Splitwise, and to add expenses of their own. Splitwise also lets you add “non-group expenses” for items that don’t deserve an entire group, like going to dinner with a few random friends.

Once you’ve created your group, you and your friends can all start adding expenses! Go to your group, then hit the “Add bill” button. You’ll be asked for various details about your expense, like the total cost, who paid, and how much each person should owe. You can include a picture or additional notes, or even change the date (for example, if you’re adding an expense from last week). As soon as you hit “Save”, Splitwise will update everyone’s balances to keep track of how much each person owes. Later, after you’ve added a bunch of expenses, you’ll probably want to settle up with your friends. Just hit the “Settle up” button to pay back your friend. Splitwise will calculate all the proportional contributions made by each member of the group and notify each member of what they owe or are owed.