How to use SplitWise app?

Splitwise is one of the most popular expense-sharing apps today. It’s a reliable platform that makes managing group expenses a breeze. If you’re planning a trip, throwing a party, or dividing rent with your roommates, Splitwise could be the answer to all your financial needs. But, how do you use it?

Here’s a quick rundown on how to use the Splitwise app to track expenses and balances shared among friends and family:

1. Create an account First things first, you'll need to create an account on Splitwise with your email and password.
2. Add friends Once you've logged in, you can start adding friends to your Splitwise account. This step is an essential part of the app, as you can't add expenses without friends.
3. Create a group After adding friends, you can create a group of people involved in the specific expense you want to track. This could be your roommates, travel buddies, or anyone who's sharing an expense.
4. Add expenses Once the group is set up, you can then create an expense by selecting the group and adding the amount paid, the items, and the participants. You can also choose how the expense should be divided. For instance, you can split the cost equally, by percentage, or amount.
5. Track balances Splitwise does the hard work for you by keeping track of who owes how much to whom. The app calculates the amount each user owes, and you can see the balances in detail.
6. Settle up When it's time to settle the expenses, you can quickly send and receive payments through the app or manually settle up outside the app.

Splitwise is a good option for keeping track of expenses and balances, and the app offers plenty of features to help you do it. You can use the app for free, or you can sign up for the Splitwise Pro version, which offers additional features such as receipt scanning, ad-free usage, currency conversion, and more.

Overall, Splitwise is a suitable app for anyone who frequently shares expenses with friends and family. However, keep in mind that if you prefer an app that's more instant, you might want to look for an alternative app that works directly with your bank. Nonetheless, if you're looking just to track expenses, Splitwise is a great option to try out.