How to Split the Bill with Splitwise App?
IOUs and bill splits can be quite a hassle among friends and colleagues. This is pretty common among roommates, flat mates or resident employees at any company. But before downloading any app or trying the traditional way, one must know how it works.
The reviews are always helpful and over seventy thousand users have reviewed the Splitwise app. In fact, many sites and bloggers recommend it. The Life hacker, the New York Times, Business Insider and many other partners have reviewed and tested the app for their viewers or readers. In essence, this app is the fairness expert, which doesn’t let any friction drive a wedge between two users. Get splitiwise for android.
Splitwise makes life easier
We often find ourselves in an uncomfortable situation when it comes to splitting bills with roomies or asking them to pay up. While living with your girlfriend, the situation can also be quite stressful when you need to split the rent and dinner costs almost every week, month or even daily. The calculations also go wrong at times.
The Splitwise app ensures that you keep your expenses right and up to date by making groups with friends who often eat out together or with flat mates who purchase groceries together. Another stressful affair is the due date for paying bills. The app ensures that you receive friendly reminders via email so that you don’t forget your due date and end up with fines or sudden power and water cuts. You can also opt for getting an automatic reminder from the app when you forget paying someone back.
How does Splitwise app works?
Splitwise keeps the math going over time and makes it easier for you to pay the sum in one go. Accumulating change is not always a great idea when you split the lunch or dinner bills. So, the Splitwise app helps you make a group online and enter the data just like the score of a game.
The currency conversion allows you to maintain the thread in your own currency. However, you can’t look up older threads of ‘who owes whom’ which means that you cannot go back to check up on the earlier thread once all the debts are cleared. When you do need the cash, you can request an ‘IOU’ to your friends. Or when you do receive your paycheck, you can send an ‘IOU’ to your friends via the app so that you can pay them back on time. Group trips can also be quite fun and stress-free with this app. However, you need to convert the amount into one currency before entering the data. Download splitwise for your iPhone and split bills with your friends.
One can even manage the expenses of the month by keeping track of spending trends. Once you log in to the app or on the web, you can view all your payments, expenditures and transactions. Keeping track of receipts is a thing of the past with the Splitwise app. The iPhone app is called Plates and the Android app is called Splitwise. There are even third-party apps for downloading Splitwise on Windows phones.
However, this app doesn’t connect you to the bank or digital wallets. The app doesn’t handle any kind of real money, so it is secure. The only practical application of this app is to keep in touch with your colleagues and friends with whom you split bills often. It is quite a personal app, which doesn’t let you network with others while maintaining a casual contact. So you can simply enter the expenses or savings of the month and know how much you owe your friends without publishing your complete data online.
Before saying goodbye
The app works quite simply. All you need to do is download the app from Google Play Store and App Store, then log in to the app. Internet connection is required to stay updated with the calculations. You can invite other friends to join or add them to a group. With every outing, you need to update how much each one of you paid and the app does the math for you. Once the sum grows to a larger amount, you can request or send an ‘IOU’ via the app and then pay up when you meet next. The app also sends reminders if you forget the day you are supposed to pay.