These apps can help you split expenses among multiple people and make organization easier .
LatinAmerican Post| Juan Manuel Londoño
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Leer en español: Apps para dividir el presupuesto de un viaje grupal
When doing group activities there is always an awkward moment: when it comes to dividing the budget among the participants. It is an activity that can take hours in some cases and that depends on the organizational capacities of the group. If, for example, a receipt is lost, this can create an imbalance in the budget that is impossible to reconcile.
For this reason, instead of doing this task manually, sometimes it is better to resort to applications that allow you to carry out this group budget from your smartphone. Today in LatinAmerican Post we will tell you about some of these that you should know.
Splitwise is an app that helps groups of friends and families split their bills easily. With over 7 languages available and 100 currencies built into the app, it truly is one of the best options available on the market.
Its basic functions allow you to add groups and friends, Divide expenses, register debts, make equal or unequal divisions of debts, divide by percentages, calculate total balances, suggested reimbursements, and recurring expenses.
Although fully usable in its regular version, the premium version includes a variety of extra tools that might make a difference for some people. For example, the ability to scan receipts, convert between currencies, and access to tables and graphs.
Using Splitwise is really easy. After adding each person in the group, everyone can add their expenses to the group account. Once the activity is finished, the application makes a specific summary of who owes how much to each one.
The app has a 4.4 rating on the app store and more than 10 million downloads.
Settle Up is an app that can handle a variety of payment scenarios: when one person pays or multiple people have paid, you can split the payments equally based on amounts or by individual amounts for each person.
Settle Up has cool features like the ability to add the local exchange rate to the shared account if you're traveling internationally. It is one of the best apps of its kind available if you need to take into account exchange rates to define with your friends.
The app has a 4.8-star rating on the App Store and over 1 million downloads.
Zeta is a budget app designed specifically for couples. Zeta shows all your individual and shared finances in one place, and gives you the option to hide certain financial information from your partner. It's a good option for couples who have combined their finances or those who prefer to bank separately. Zeta also offers various resources to help people achieve their financial goals, particularly a couple.
At this moment the application has more than 10 thousand downloads in the Play Store and a rating of 4.4 stars in this store.