Most importantly, you can avoid a lot of stress and confusion as it allows you to track your debt history. In addition to being able to upload bills and expenses, it allows you to share and even set reminders. This app can even help set up payment plans for major purchases making it one of the best apps to split bills with roommates. Additionally, it’s useful for digital subscriptions like Netflix or Spotify. This makes it perfect for routine expenses like rent, gas, internet, and more. IOUĪptly named IOU, this bill splitting app lets you keep track of recurring IOU bills. So, you don’t have to worry about spending money on transaction fees. However, it does compensate for this by offering free money transfers. Unfortunately, Venmo doesn’t offer any features that automatically split expenses. This app is perfect for settling all sorts of expenses in a fast and convenient manner. Not only can you immediately send and receive money, but you can also send payment requests and reminders. VenmoĪlthough Venmo is known for its digital wallet features, it also doubles as a useful bill splitting app. So, you'll have to use cash, net banking, or another app to settle the bills. Additionally, the app doesn’t transfer funds from person to person. However, you won’t have access to the majority of the essential features that make this app useful. Other than the pro version, Splitwise offers a free app. You can also set reminders close to the due date! Most importantly, this ensures you have an easy way to keep track of miscellaneous expenses. So, it’s much more convenient to settle on the due date. Another feature is the app keeps a running total of who owes who. This bill splitting app also lets the user upload a high-resolution image of a bill, so everyone in the group knows where the charge is coming from. Yup, you can divvy up by electricity, groceries, gas, or anything else, which makes the process convenient. And the pro version offers a feature that lets you track expenses by category. The app's super easy to use with its sleek user interface. Splitwise is hands down one of the best apps to split bills with roommates. 7 Apps to Split Bills With Roommates Splitwise Here are 7 apps to split bills with roommates. Fortunately, we’ve rounded up the best of the best. Of course, now there are a ton of bill-splitting apps for roommates. And hoarding paper receipts and bills that come in the mail? A thing of the past. All is accounted for when using a bill-splitting app.Īlso, you’ll never have to deal with confusing spreadsheets ever again. Even miscellaneous subscriptions you all share could be getting lost in the shuffle, leaving one roommate paying more. Or, perhaps, you've yet to settle a grocery run your roommate made and are feeling guilty about it. Maybe a roommate still owes you for a shared Postmates order. You've most likely experienced scenarios where a bill-splitting app would have saved you a ton of trouble. These apps are effective in preventing financial conflicts and relieving confusion. That's where bill splitting apps save the day. While sharing your home with roommates is fun and cost-effective, it can lead to headaches when settling bills.
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