Going to dinner with friends or colleagues?
Sharing bills with flatmates and trying to work out who owes what?
Are you and your partner going halves on expenses, or are you planning a big group trip?
Splitting bills or expenses should be an extreme sport. Back when I used to flatshare, splitting bills caused arguments between myself and my flatmate because we’d both end up with two completely different amounts for who owed what and both insisted we had done the right calculations!
Meals out can be a nightmare too, as we anxiously wait for the bill to come and savagely try to work out who ate what. We can be left feeling embarrassed when everyone has settled up, but somehow there is still an outstanding balance and no one can work out what has gone wrong.
Well, the days of embarrassment and fallouts are over because technology has made splitting bills so much easier so we no longer have to waste our precious time and stress ourselves out trying to figure out who owes what!
Below are 6 apps that will help you when splitting bills!
1. Tricount
They say Tricount is perfect for couples, travellers and roommates! It’s pretty simple to use and an excellent way to track group expenses!
It is available on Android and IOS and is free to download. The app also synchronizes data so information stored on the app is backed up, this way you won’t lose any vital expenditure!
Tricount allows individual participants to add their email addresses and phone numbers, so they can also keep track of expenditures and add their own expenses.
The great thing about this app, is it allows you to take pictures too, which proves useful for evidencing receipts or menus detailing the costs.
You can rely on this app to pay any monies owed in the most efficient way possible, for example, if there is a large group of you, you won’t have to transfer money to multiple people!
2. Splitwise
Splitwise is a popular free app that is available on IOS and Android. You can use it daily or just now and again and is designed to to make your life easier when it comes to getting your finances in order!
Splitwise will track your expenses over time, so you get the most out of the app when you use it regularly. When it’s time to ‘settle up,’ it divvies up who owes what and notifies the participants!
The great thing about this app is that it also allows you to send money through Venmo or PayPal directly through the app for ease, although it’s worth noting that you have to be in a supported country to do so!
‘Plates’ is a secondary app by Splitwise, and only available for IOS users, however, it will be available for Android users at some point in the future. It is designed to focus on meals out and promises to be the ‘perfect tool for handling complex dinner bills’ – sounds like the perfect solution to the drama of having to add up who’s had what at the dinner table!
3. BILL Spend & Expense
This app is available on IOS and Android and is free to use. It is aimed at business users. It’s good for tracking and splitting bills and is designed to streamline business expenses.
The app is multifaceted, whereby it offers virtual credit cards to employees, and manages reimbursements, and budget management.
BILL Spend & Expense claims to save its users around 12 hours a month and 94% would recommend BILL to a friend.
4. Acasa
Acasa is a home management platform, designed to manage household bills. It is aimed at housemates and strives to make your house share as simple as possible!
The app will track household bills so that every housemate is aware of how much they need to pay. All housemates will be notified when someone pays their share of the bill.
Housemates can set up, switch and purchase utilities and the app also states that it can save you money by providing comparison prices for utility companies.
The app goes beyond just managing bills; you can manage any other household costs that housemates may incur, like cleaning products and kitchen utensils.
5. Splid
Another popular app is Splid, it is free and has a clean and easy interface!
The app works well for couples, housemates and groups travelling together. The App features include allowing users to invite friends and family to add costs, payment deadlines, and reminders sent to users who owe.
Splid claims to be effective for working out complicated bills and doesn’t require users to ‘sign up’ and works perfectly offline!
6.Tab
Tab is a straightforward app designed to split dinner, lunch, or bar tabs. It works by submitting a picture of the receipt and selecting the items everyone has had, giving options for multiple people to select the same item if they shared, this way the sharing item will be calculated fairly. When settling the bill the app also automatically adds in taxes and tips.
Let us know which app you plan to try and if you have tried any, let us know which app you use and why!
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