How To Split Money With Friends?
Be it an awesome Friday night dinner or weekend bar hopping or an unplanned crazy getaway trip, post your fun-tastic outing, we all dread the the cumbersome task of splitting the incurred bill among friends. Since it often involves too many complexities in the calculation, people tend to shy away from doing it. SplitEase solves this problem with the ease of a single click.
- Dinner Expenses: It often happens that we go out with diverse friends, with each of them having their own food preferences. There will be vegetarian friends, nonvegetarian friends, also there will be friends who would opt for liquor and others who wouldn’t. In these cases usually, the payment is done by one or two friends while the rest will be paying their share to them later. Calculating the per person share in these cases become complex and may lead to disagreement among friends. One easy way to avoid such a mess is to use SplitEase for splitting. You can easily enter who paid for what and how much in simple steps and the app automatically calculates and lets every member know the exact amount to be paid and to whom.
- Rent Sharing: Rent is usually shared among the flatmates along with other maintenance and household expenses. Instead of keeping a track of who pays the rent for which month and what other expenses have been borne by the flatmates, it is easier to keep a track of it through SplitEase. Here one can set up a recurring rent expense at the due time and the amount gets auto-debited. Thus all the manual hassle gets reduced while keeping the relationship between flatmates all the more amiable.
- Manage Bills with Friends: With increased OTT subscriptions and other common expenses being shared by friends, keeping a track of payment timeline and paying on time to avoid penalty becomes a strenuous task. Also asking a friend to pay their share becomes unpleasant and tricky in the friendship. SplitEase improves this experience with the help of auto-reminders for payment and auto-balancing of the debts owed to friends.
- Travel: Nobody pays attention to the expenses incurred while breathing the fresh air of the Himalayas or basking away in the mellow sunshine of the beach with your travel buddies. But later once we are back to our cozy homes, a mere glance through our transaction history is enough to make us skip a heartbeat. SplitEase helps you avoid such circumstances, you can keep a track of what expenses have been incurred, also scan bill receipts which can be calculated later, and notify your friends of any amount due.
- Setting Budgets: Always tried to set up a budget for a particular event, yet nevertheless failed to stick to your budget? SplitEase enables setting budgets with a single click. You can set up your budget for a particular event, and post that, all your expenses related to that event are tracked. It automatically sends you notifications when you are close to touching your budget, so that you can become conscious of all the expenses that occurred and avoid overshooting the budget. Thus better financial management with a single click.
- Setting Goals: Have backpacking across Europe or the latest model of your favorite car in your Wishlist, yet do not know how to achieve them within your timeline. SplitEase makes it easy to achieve your goals, as you can set up your goal amount and the timeline to achieve it. SplitEase calculates and tells you the amount required to be set aside. You can opt for auto-debit, in which case the set-aside amount will get auto-debited from your account at your set date so that each day you are a step closer to ticking your wishes off your Wishlist.
Follow and give us a clap if this helped. You can also signup for early access and help us build a financial super app for you. https://splitease.com