This is the latest in a series of weekend posts highlighting a wide variety of applications we think are pretty cool. Most have to do with sales, marketing and productivity. Check out past featured apps here.
This past spring my neighbor and I rebuilt a second of a fence separating our properties. We both bought various components of the lumber and hardware but agreed to split the costs 50/50. But instead of paper or spreadsheets, we saved time and hassle by using Splitwise.
It’s a simple and free-to-use app for sharing expenses between one or several people. Each entry can be categorized differently as well – some expenses you split, some may be entirely one party’s responsibility, etc.
For example, on one trip to the lumberyard I bought a bunch of fence boards but also a couple pressure-treated boards my neighbor needed for a separate project. I was able to enter the fence boards as a 50/50 split, and his pressure-treated boards as 100% his cost. Once the fence was completed, Splitwise told us exactly who owed what to whom. You can then “settle up” via PayPal or offline.
Definitely worth checking out.
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