7 Best Apps for Splitting Bills with Roommates
If the thought of cutting the numbers down to evenly split the bills with roommates makes you uncomfortable, you’re not alone. Sharing bills has the potential to create drama whether or not you consider yourself a math genius. Using an app to share bills with roommates can go a long way in keeping the peace. Whether you are looking for an app to split one-off costs or are considering turning to a colocation budget app to simplify the process, there are plenty of apps to consider.
Once you’ve determined which bills you are going and won’t be sharing with your roommates, it’s time to choose the best roommate bill app for your situation. Explore the following seven great apps.
Billr offers a great tool for sharing and itemizing costs in one place. The 99 cents app is ideal if you like a night out with your roommates, as you can use Billr to figure out what everyone owes for their entrees. In other words, you won’t have to foot your roommate’s drink and lobster bill because it’s hard for you to calculate how much each person should pay at the end of a meal.
Billr also divides shared items, such as wine or appetizers, making the catering process easier than before. The app adds taxes and tips for you. You can also send a copy of the split invoice to everyone involved as an email or text.
Traditional IOU Notes receive a digital update in the aptly named IOU app. If you are looking for a roommate budget sharing app, you will want to check this app out. You can track all of your debts to your roommates while uploading expenses, sharing those expenses equally among roommates, and sending email reminders.
IOU allows you to add recurring IOUs for the bills you need to pay each month. This is useful when you plan to constantly share costs such as electricity, internet or gas. You can also use this app to set up a payment plan for large purchases. IOU makes it easy for you to track various payments and keep your debt history so you won’t be confused as to whether you’ve paid off your roommate for your current supply of paper towels.
Our grocery stores
Do you plan to share food and drink with your roommates on a regular basis? OurGroceries can help you track purchases. For example, if you share common ingredients, this app can relieve the stress of making sure you always have these items on hand.
OurGroceries allows you to create, adjust and share grocery lists. You can cross out the items you buy and add additional listings to enhance the experience.
Settle Up allows you to split payments evenly or select individual amounts for each roommate to pay. The application includes sharing functions to send expenses by email or via WhatsApp or social networks. It also saves and syncs these expenses so that everyone in the group can see them. If you go for the paid version of the app, Settle Up lets you upload photos of receipts and customize your groups.
Settle Up has the option of adding the local exchange rate of the day for international transactions. If you become your roommates’ best friend and plan to go on a fun vacation together, this app can make it easy for you to continue to share your expenses while you travel.
Free and easy to use, Splittr streamlines the invoice sharing process. This app works offline so you can determine spending if needed. Splittr allows you to download the costs and then choose an even or uneven distribution within your group.
Do you want to get a debt history? Splittr can also accomplish this task. The app lets you generate a PDF to email your roommates, ensuring everyone has up-to-date records. The app syncs with other users and doesn’t require login. You can also use Splittr to analyze your spending.
If you frequently share a variety of expenses with your roommates and need a roommate bill dispatcher, Splitwise offers an invaluable tool. You can get the free app for iPhone or Android. The app keeps a running total of who owes what to whom, and you can enter expenses for everything from groceries to happy hour drinks and more.
Since Splitwise keeps track of your various IOUs for you, you and your roommates approach refunds as one big payment when you all find it convenient. In other words, you no longer have to struggle with heaps of little hard-to-track payouts. Upload an expense and choose who you’ll share it with, then decide with your roommates how often you’ll pay the tab. You can ask Splitwise to send reminder emails to help everyone keep track of payments. Overall, Splitwise has a great rent sharing app that you can use to split other expenses as well.
Venmo, a popular and free app, allows you to both send and request money. The app offers a secure way to reimburse other app users. You can also add a debit card or bank account to transfer money at no additional cost or keep money in your Venmo account to send to your roommates when they request payment.
Venmo is not only a great roommate bill sharing app, but it also gives you a useful way to transfer money with other people in your life. If you need to pay off family or friends, or if you need someone to pay you off, Venmo gives you a free way to transfer money.
Living with roommates can help you afford the home of your dreams while saving on other costs, and the lifestyle can lead to lifelong friendships. Still, you’ll need to communicate and stay organized to keep everyone happy. Using a bill sharing app for roommates will reduce the stress of sharing bills.
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